Godrej Properties entering in Hyderabad Real Estate Market

Abjakumar · 2024-02-14T00:00:00.000Z

Godrej Properties just had a press release about their entry in the Hyderabad real estate market. They've acquired 12.5 acres of land in Rajendra Nagar. The news article states 4 million sft of saleale area and around 3500 cr revenue for godrej. Now major developers from mumbai are entering the hyd market. Here's the link to the article for refernece https://www.hindustantimes.com/real-estate/godrej-properties-acquires-a-12-5-acre-land-parcel-in-hyderabad-eyes-revenue-potential-of-rs-3500-crore-101707884502212.html I need opinions about rajendra nagar, first prestige city and then godrej. Can it be a good next investment location after FD and Gachibowli ae geting saturated?

Venkat_61

Godrej Madison Avenue is a high-rise residential project in Kokapet, spread across 3 acres with a single 50-floor tower offering 3 and 4 BHK flats. Unit sizes range from 2,350 to 3,350 sq ft with pricing starting around ₹2.9 Cr. The project includes a triple-height lobby, clubhouse, pool, gym, and sports courts.https://www.bhumiboss.com/project/78bfe32b-293f-4333-b029-91d7f39935f3

HydLandownerUnits

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samad21

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PropMonk

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Kiran_vamshi

Are you guys sure about buying in Rajendra Nagar, I was reading on the prestige city thread about Rajendra Nagar and would like to know some inputs on the same.

Reealestategeek

My opinion is, if you want to buy it for renting it out, you can go ahead with it but if you want to flip it out in some time, I don't think Rajendra Nagar would help you with price rise as these problems will be there, I cannot find any GO regarding the relocation of industries over there, even if those are packing industries, air pollution and soil pollution will be there for sure, so before taking any step forward ask the builders team to show you the government order for the relocation of the sites.

maheshb12

Yes, don't believe what they say instead ask them to show you orders, plus these projects coming in after government change make it look fishy.

Reealestategeek

Plus the lake that is taken over by Prestige, ask them how they will fix it and if they have something on paper regarding the same.

Aarnav24

Developments are picking up at Shamshabad. If there's some certainity for the airport metro project, than that area will see good returns. GMR is coming up with the biggest entertainment hub and malls in the airport village. So if these shape up well, can expect good returns in the next 4 years.

Nalinivalluri

Rajendra Nagar area is good but it's next to katedan industrial estate. Rubber, plywood, paint, fireworks all such manufacturing units are there. Not sure how much they'll affect the developing cityscape, but need to be considered i think.

Reealestategeek

The fact that companies like Prestige and Godrej are coming up with projects in Rajendra Nagar, instead of Financial District & Neopolis makes me wonder about the potential of Rajendra Nagar and nearby areas.

Reealestategeek

The fact that nobody is discussing this anywhere and this is being discussed here, I am not able to understand why people are not coming up here and discussing this here.

Reealestategeek

It's fascinating to see emerging areas like Rajendra Nagar gaining attention from prominent real estate developers. This could indicate a shift in market dynamics or untapped potential in that locality. Exploring and discussing such developments can offer valuable insights for investors and industry enthusiasts alike. Please share your thoughts.

Anushabaid

What's the name of the project coming up? Residential project right?

Manojkrishan

Nothing on the project details yet but it's going to be residential only.

Sudipkrishna

Yeah saw the godrej properties share price also took a hit yesterday after the news.

Poornimaguptha

anyone having any prior experience with the builder ?

Manojkrishan

Last month they acquired land in Bangalore also

Poornimaguptha

What's the currrent price for prestige city?

Manojkrishan

Which project in city, it's a township with multiple projects

Poornimaguptha

it's prestige city apartments only and the villa project in prestige city is named Bellagios. I think you might be confusing it with Rajapushpa lifestyle city, in tellapur. That consists within it multiple projects. three different apartment and 3 villa communities including rp green dale, serence dale, imperia etc. Rajapushpa lifestyle city is a township as it's spread in 400 acres, prestige city is just a big project in 60 something acres, not a township.

Manojkrishan

Prestige city was launched at 6500 per sft. Base proce should still be less than 7k now also.

Poornimaguptha

so godrej can be expected to launch between 6.5 to 7k price. If there's otp that might fall around 5k per square feet. Since this would be their first project in hyderabad, so they can be expected to come at a reasonable price and good offers.

Godrej Properties entering in Hyderabad Real Estate Market: