Godrej Properties Secures 23.2-Acre Land in Greater Noida with Rs 7,000 Crore Revenue Potential
Godrej Properties, one of India's leading real estate developers, has secured a 23.2-acre land parcel in Greater Noida through an e-auction. The company plans to develop a premium residential project on this land, which is expected to generate a revenue potential of over Rs 7,000 crore based on current business assumptions.
The acquisition of this land parcel is a strategic move for Godrej Properties, further solidifying its presence in the National Capital Region (NCR). The land is located within the 750-acre DMIC Integrated Township, which boasts modern infrastructure and is rapidly becoming a prime residential and commercial hub.
The residential project will consist of premium apartments in various configurations. The location offers excellent connectivity through major highways such as the Eastern Peripheral Expressway and the Noida-Greater Noida Expressway. Additionally, the upcoming Noida International Airport at Jewar is expected to further enhance the area's appeal.
Godrej Properties has experienced consistent customer demand in the Greater Noida market over the past few years. Two of its recent project launches in the region during FY26 generated sales bookings of approximately Rs 1,500 crore each. This new acquisition will further strengthen the company's development pipeline in NCR, a key market for the company in terms of booking value and project additions.
Gaurav Pandey, MD & CEO of Godrej Properties, commented, 'We are happy to add this new project in Greater Noida to our portfolio. We have witnessed consistent demand for our existing projects in Noida, and we remain bullish on this market. This will further strengthen our development portfolio in NCR and fits well with our strategy of deepening our presence in key micro markets across India's leading cities.'
Godrej Properties Ltd is a prominent real estate developer with a presence in major urban markets across India, including Mumbai, Bengaluru, Pune, Hyderabad, Gurugram, Noida, and Kolkata. In the latest financial year, the company reported a record booking value of Rs 29,444 crore from the sale of 15,302 homes. The company continues to expand its portfolio through strategic land acquisitions in key micro-markets.
