Mumbai, Dec. 1 -- The company stated that it had participated in an e-auction conducted by the Hyderabad Metropolitan Development Authority (HMDA) for a marquee land parcel measuring nearly 5 acres in Neopolis, Kokapet, one of Hyderabad's most prestigious and high-growth real estate destinations.

It further said that GPL has emerged as the highest bidder, according to the e-tendering portal of MSTC Limited. HMDA shall issue the allotment letters after following the due process.

The proposed development on this land is planned as a premium residential project with a saleable area of nearly 2.5 million square feet and an estimated revenue potential of approximately Rs 4,150 crore.

Neopolis, Kokapet has rapidly evolved into one of Hyderab...