Godrej Properties Emerges as Highest Bidder for Residential Land Parcel in Noida with Over Rs 2,000 Crore Revenue Potential
NOIDA, July 1, 2026: Godrej Properties Ltd. (GPL), one of India’s leading real estate developers, today announced its participation in an e-auction conducted by the New Okhla Industrial Development Authority (NOIDA) for residential group housing plots. The prominent developer has emerged as the highest bidder for a 4.95-acre (20,050 sq. m.) residential land parcel located in Sector 151, Noida, according to data reflected on the e-tendering portal of HDFC Bank, Godrej Properties said in a press release.
The company, which is listed on the BSE under scrip id GODREJPROP, acquired the prime land parcel for Rs 331.75 crore. Following the completion of due official processes, the Noida Authority will issue the formal allotment letter to the real estate firm. Godrej Properties intends to develop a residential group housing project on the site, which is projected to generate an estimated revenue exceeding Rs 2,000 crore. The upcoming development will feature premium residential apartments offered across a variety of configurations.
The newly acquired plot occupies a strategic location in Sector 151, Noida, offering seamless connectivity to the Noida–Greater Noida Expressway as well as convenient access to the upcoming Noida International Airport at Jewar. The surrounding micro-market benefits from highly robust infrastructure, including planned healthcare facilities and educational institutions. The transaction marks another major expansion for the real estate giant, which successfully acquired a separate 23.2-acre residential land parcel in Greater Noida earlier this month that holds an estimated revenue potential exceeding Rs 7,000 crore.
Commenting on the successful bid, Gaurav Pandey, MD & CEO, Godrej Properties, said, “We are pleased to announce the addition of this new project in Noida to our portfolio. Building on the consistent demand witnessed for our existing developments in the region, we remain confident in the strength of this market. This project will further enhance our development portfolio in the National Capital Region and aligns seamlessly with our strategy of deepening our presence in key micro-markets across India’s leading cities”.
