Godrej Properties secures 4.95-acre Noida land parcel for ₹331.75 crore; eyes ₹2,000 crore revenue

Godrej Properties emerges highest bidder for Sector 151 Noida residential land parcel; eyes over ₹2,000 crore in revenue

Published on: Jul 1, 2026, 10:48:05 IST

By Vandana Ramnani

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Godrej Properties Ltd on July 1 announced that it has emerged as the highest bidder for a 4.95-acre (20,050 sq. m.) residential group housing plot in Sector 151, Noida, in an e-auction conducted by the New Okhla Industrial Development Authority (NOIDA). The company acquired the land parcel for ₹331.75 crore, according to the e-tendering portal of HDFC Bank.

Godrej Properties Ltd has emerged as the highest bidder for a 4.95-acre residential group housing plot in Sector 151, in an e-auction conducted by NOIDA. (Photo for representational purposes only) (Unsplash)

GPL plans to develop a premium residential project on the site, comprising apartments in multiple configurations. The development is expected to generate more than ₹2,000 crore in revenue, the company said.

“GPL acquired the land for ₹331.75 crore. Following the due process, NOIDA will issue the allotment letter,” the company said in a statement.

“Godrej Properties intends to develop a residential group housing project on the land parcel, projected to generate estimated revenues exceeding ₹2,000 crore. The development will feature premium residential apartments offered in diverse configurations,” it said.

Where is the plot located?

The plot enjoys a strategic location in Sector 151, Noida, offering connectivity to the Noida–Greater Noida Expressway and convenient access to the Noida International Airport at Jewar. The surrounding neighbourhood benefits from robust infrastructure, including planned educational institutions and healthcare facilities.

“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,” Gaurav Pandey, MD and CEO, Godrej Properties, said.

Also Read: Godrej Properties wins bid for 23.2-acre Greater Noida land parcel, eyes ₹7,000 crore revenue potential

Godrej Properties Ltd announced on June 1 that it has emerged as the highest bidder for a 23.2-acre residential land parcel in the DMIC Integrated Township, Greater Noida. The company secured the parcel through an e-auction conducted by DMIC Integrated Industrial Township Greater Noida Limited (IITGNL). The proposed development on the site is estimated to have a revenue potential of over ₹7,000 crore.

Also Read: Godrej Properties buys 47-acre land parcel in Chennai for plotted housing project; eyes ₹500 crore revenue

ABOUT THE AUTHOR
Vandana Ramnani
Vandana Ramnani leads the real estate vertical at Hindustan Times Digital, bringing over two decades of journalism experience across real estate, education, human resources, and foreign affairs. She specialises in India’s real estate sector, covering residential and commercial markets in Delhi-NCR, Mumbai, and Bengaluru, with in-depth reporting on regulatory developments, urban policy, housing trends, and interviews with industry leaders. Her work has also appeared in the Hindustan Times newspaper and HT Estates. Earlier, Vandana played a key role in establishing the real estate vertical at Moneycontrol (NW18 Group), shaping its editorial direction and market coverage. She has also written extensively on international education for HT Education, tracking global study destinations, policy changes, and student mobility trends, earning the Singapore Education Award 2009 for Best Media Coverage (Print). Her reporting portfolio includes human resources and employment trends for HT ShineJobs and PowerJobs, as well as lifestyle and interior design features for HT Premium Homes. Vandana began her career with the Press Trust of India, gaining strong editorial and reporting expertise. She was also selected for a prestigious fellowship at Fondation Journalistes en Europe in Paris, where she wrote for EuroMag. One of her notable reporting assignments included covering Germany’s capital relocation from Bonn to Berlin. Outside of journalism, Vandana is a passionate traveller, constantly seeking out charming hideaways across India and the lesser-known, offbeat corners of Southeast Asia.Read More

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