Godrej Properties foray into the Hyderabad real estate with the finest residential project. The company introduced ‘Godrej Madison Avenue’ in Kokapet with an expected booking value of Rs. 1,300 Crore.
It is a grandiose living address spread over 3 acres with 1.2 million square feet of saleable area. Holding RERA-approval, it offers spacious 3BHK and 4BHK apartments.
“Thoughtfully planned to complement a modern lifestyle, the development features Manhattan-style landscapes spaces, a Central-Park inspired fountain and a triple height lobby,” the company said.
Also Read: Hyderabad Market Insight
Godrej Madison Avenue has architecture inspiration by Manhattan and aims to render the finest facilities and comfort. The spaces with ample walkability and sustainability weave a green and clean environment for residents.
Godrej Properties introduce one of its kind facilities here including a gymnasium, Badminton Court, and lounge on the roof. Followed by a three-level Clubhouse, Pickleball courts, and jogging track in the vicinity.
“We are excited to launch our first project in Hyderabad, which will represent a significant step in our growth journey. Kokapet’s strategic location and infrastructure advantages make it an ideal destination for premium residential developments. Godrej Madison Avenue aligns with our vision of creating sustainable, high-quality homes that cater to the aspirations of discerning buyers seeking thoughtfully designed living spaces,” said Gaurav Pandey, MD and CEO, Godrej Properties.
Also Read: QIP launches in Indian Real Estate
Godrej Properties Raised QIP for Business Expansion
In the previous year, Godrej Properties launched its qualified institutional placement (QIP) on Wednesday, selling equity shares to investors to raise Rs. 6,000 crore to fund its growth plan. Last month, the company’s board approved raising Rs. 6,000 crore through the issue of securities.
In a regulatory filing, Godrej Properties informed that the QIP Placement Committee authorized the opening of the issue on November 27, 2024.
The panel also approved the floor price for the QIP issue, being Rs. 2,727.44 per equity share. Godrej Properties share price closed at Rs. 2,833.05 apiece on Wednesday, down 2.35 percent from Tuesday.
