Godrej Properties emerges as the highest bidder for 6.46 acre land in Noida’s sector 44
Godrej Properties, the real estate development business of Godrej Group, has emerged as the highest bidder for a 6.46 acre land in Noida’s sector 44.
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.
“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,” said Gaurav Pandey, MD & CEO, Godrej Properties.
The company, in the past two years, has acquired multiple land parcels in NCR. Recently, it emerged as the highest bidder for two luxury group housing plots in Golf Course Road micromarket of Gurgaon in Haryana.
The projects, spread over 2.76 acres and 5.15 acres, will have a combined estimated revenue potential of about Rs 3,100 crore.
Other recent acquisitions by the company includes a land parcel in Gurgaon will offer approximately 1.6 million sq ft of premium residential development with an estimated revenue potential of about Rs 2,500 crore.
The company also acquired around 62 acres of land in Kurukshetra, Haryana to develop 1.4 million sq ft of plotted residential development.
Godrej Properties had also recently acquired two land parcels for a residential project in Noida from
