Big Breaking News Godrej Properties wins INR 842 crore bid for land in Greater Noida
Godrej Properties Upcoming Projects in Noida has successfully secured a significant bid in an e-auction conducted by the Greater Noida Industrial Development Authority (GNIDA). The company placed a total bid of INR 842 crore for two residential plots located in Greater Noida. This acquisition is part of Godrej Properties’ Godrej Projects in Noida Extension strategy to expand its footprint in the National Capital Region (NCR) and capitalize on the growing demand for residential housing.
Godrej Properties
The two plots acquired by Godrej Property cover a combined area of approximately 17.5 acres, with one plot located in Sector Sigma-III, spanning 9.5 acres, and another in Sector 12, covering 8 acres. These locations are strategically positioned within Godrej Properties Upcoming Projects in Noida , which is known for its rapid development and increasing real estate demand.
Projected Revenue and Development Potential
The new land parcels are expected to generate substantial revenue, estimated at over INR 5,000 crore, through the development of various residential projects. The total development potential from these plots is approximately 3.75 million square feet, indicating a significant opportunity for Godrej Property to deliver diverse housing options to meet market demands.
Previous Successes and Market Confidence
This acquisition follows Godrej Projects’ recent successes with projects such as Godrej Tropical Isle and Godrej Jardinia, which collectively generated sales worth around INR 4,400 crore within a short timeframe. The Managing Director & CEO of Godrej Property, Gaurav Pandey, expressed confidence in the strong demand for their offerings in the NCR market and emphasized that these new acquisitions will enhance their development portfolio while catering to customer needs.
Godrej Properties
this strategic move not only reinforces Godrej Project’ position as a leading player in the Indian real estate sector but also reflects their commitment to delivering quality residential communities that create long-term value for residents.
