Godrej Properties Limited (GPL), one of India’s leading real estate developers, announced today that it has emerged as the highest bidder in an e-auction conducted by the Hyderabad Metropolitan Development Authority (HMDA). The auction, facilitated through the MSTC Limited e-tendering portal, was for a marquee land parcel measuring approximately 5 acres in Neopolis, Kokapet—one of Hyderabad’s most prestigious and fast-growing real estate hubs. HMDA will issue allotment letters following the completion of the due process.
The proposed development on this parcel is envisioned as a premium residential project, offering an estimated saleable area of roughly 2.5 million sq. ft. and a revenue potential of around INR 4,150 crore*.
Neopolis, Kokapet has rapidly evolved into one of Hyderabad’s most sought-after residential micro-markets, driven by its proximity to the Financial District and HITEC City, extensive infrastructure development, and a flourishing ecosystem that includes global technology firms, top-tier educational institutions, retail centers, and healthcare facilities. The region consistently commands some of the highest land and property valuations in the city, supported by strong demand from aspirational and high-income homebuyers.
This development further strengthens GPL’s footprint in Hyderabad, following its recent acquisition of a ~7.825-acre land parcel in Kukatpally in August 2025. It also builds on the successful launches of Godrej Madison Avenue in Kokapet and Godrej Regal Pavilion in Rajendra Nagar. Hyderabad has become one of GPL’s fastest-growing markets, with sales exceeding INR 2,600 crore in calendar year 2025—underscoring the city’s robust demand environment and GPL’s strategic emphasis on the region.
Commenting on the development, Gaurav Pandey, MD & CEO of Godrej Properties, said:
“Hyderabad continues to demonstrate strong fundamentals with robust infrastructure growth and sustained demand for quality housing. We remain committed to strengthening our presence in this high-potential market through strategic acquisitions and differentiated developments. Our aim is to deliver projects that combine thoughtful design and customer-centric features, creating long-term value for homebuyers.”