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Godrej Properties on land-buying spree for housing projects
Real Estate

Godrej Properties on land-buying spree for housing projects

Real estate company Godrej Properties will buy many land parcels this fiscal year with sales revenue potential of about 150 million after development in an effort to capitalise on the robust home demand. Godrej Properties was highly aggressive in its land purchase strategy during the most recent fiscal year, adding 18 additional land lots with a 320,000 million dollar post-development sales potential.

In response to a question regarding the FY24 guidance for new business development, which includes outright land purchases and joint development agreements (JDAs) with landowners, he stated that the amount has now been set at $150,000 million in this fiscal.

Real estate company Godrej Properties will buy many land parcels this fiscal year with sales revenue potential of about 150 million after development in an effort to capitalise on the robust home demand. Godrej Properties was highly aggressive in its land purchase strategy during the most recent fiscal year, adding 18 additional land lots with a 320,000 million dollar post-development sales potential. In response to a question regarding the FY24 guidance for new business development, which includes outright land purchases and joint development agreements (JDAs) with landowners, he stated that the amount has now been set at $150,000 million in this fiscal.

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HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

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