The corporate introduced that it participated in an e-auction carried out by the Telangana Housing Board (TGHB) for residential group housing, the place it secured the parcel at a complete bid worth of Rs 547.75 crore, in accordance with the bid standing intimation issued by MSTC Restricted, the e-auction facilitator.
TGHB will difficulty the allotment letter after completion of the due course of.
This acquisition builds on the success of GPL’s current Hyderabad launches, together with Godrej Madison Avenue at Kokapet and Godrej Regal Pavilion at Rajendranagar. With this new addition, the corporate has expanded its portfolio within the area, reinforcing its technique of strengthening presence throughout key actual property corridors in main cities.
Kukatpally is thought to be considered one of Hyderabad’s most established and resilient residential corridors, supported by proximity to instructional establishments, healthcare amenities, retail centres, and business hubs. Its connectivity to HITEC Metropolis, one of many largest employment centres in Hyderabad, provides additional to its residential attraction.
With a powerful progress pipeline and the numerous income potential from this new venture, Godrej Properties shares are anticipated to stay within the highlight on the bourses at the moment.Godrej Properties shares closed 1.65% increased at Rs 2,041.10 on the BSE on Wednesday.Additionally learn: Is Rs 4 crore sufficient for retirement corpus? Gurmeet Chadha provides easy calculation metric
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