Godrej Properties Declared Highest Bidder For Land Parcel In Sector 44, Noida

New Delhi, March 05, 2024: Godrej Properties Ltd. (GPL), on Tuesday announced that it has been declared the highest bidder and has secured the allotment letter to develop a prime land parcel in Noida through an e-auction conducted by the NOIDA Authority. 

Spread over ~ 6.46 acres, the land is located in Sector 44, Noida. The land parcel will offer ~1.4 million square feet of development potential and an estimated revenue potential of Rs 3,000 crore* comprising premium residential apartments of varied configurations. This will be the sixth project of Godrej Properties in Noida. 

Gaurav Pandey, MD & CEO, Godrej Properties, said, “We have witnessed strong demand for our existing projects in Noida and this project will further strengthen our development portfolio in NCR (National Capital Region). This fits well with our strategy of deepening our presence in key micro markets across India’s leading cities. We will aim to build an outstanding residential community that creates long-term value for its residents.”