Godrej Properties has announced its entry into Hyderabad’s dynamic real estate market with the launch of ‘Godrej Madison Avenue,’ a premium residential development situated in the strategic locale of Kokapet. This marks the company’s inaugural project in the city, underscoring its commitment to expanding its footprint in key urban centers.
Project Overview
Spanning three acres, ‘Godrej Madison Avenue’ is set to become the tallest residential tower in South India, comprising 50 stories. The development will offer approximately 1.2 million square feet of saleable area, featuring luxurious 3 and 4 BHK apartments. Inspired by Manhattan’s architectural elegance, the project aims to provide residents with a sophisticated urban living experience.
Strategic Location
Kokapet, known for its proximity to major IT hubs and multinational corporations, presents an ideal setting for this upscale residential venture. The area boasts robust infrastructure and connectivity, enhancing its appeal to professionals and families seeking quality living spaces.
Market Potential
The project is anticipated to generate a booking value of approximately ₹1,300 crore, reflecting the strong demand for premium residential properties in Hyderabad. This development aligns with the city’s real estate growth trajectory, which has seen a 12% year-on-year increase in residential unit sales, totaling 36,974 units, and an 8% rise in residential prices, indicating sustained investor and end-user interest.
Company Perspective
Gaurav Pandey, Managing Director and CEO of Godrej Properties, expressed enthusiasm about the venture, stating, “Kokapet’s strategic location and infrastructure advantages make it an ideal destination for premium residential developments.” He emphasized the company’s dedication to delivering sustainable and wellness-oriented living spaces that cater to the evolving preferences of modern homeowners.
Conclusion
With ‘Godrej Madison Avenue,’ Godrej Properties aims to set new benchmarks in luxury living in Hyderabad, offering residents a blend of modern amenities, strategic location, and architectural excellence. This project signifies a significant milestone in the company’s expansion strategy and contributes to the city’s real estate landscape.
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