Godrej Properties has emerged as the highest bidder for a residential land parcel in Sector 151, Noida, through an e-auction conducted by the New Okhla Industrial Development Authority (NOIDA).
The company acquired the 4.95-acre land parcel for ₹331.75 crore and plans to develop a premium residential group housing project with an estimated revenue potential exceeding ₹2,000 crore.
Godrej Properties emerged as the highest bidder for the 4.95-acre (20,050 sq. m.) residential land parcel in Sector 151, Noida, as reflected on the HDFC Bank e-tendering portal.
The company said NOIDA will issue the allotment letter after completing the due process. Godrej Properties intends to develop a premium residential group housing project comprising apartments across multiple configurations.
Based on current business assumptions, the project is expected to generate estimated revenues of more than ₹2,000 crore.
The project site is located in Sector 151, Noida, with connectivity to the Noida–Greater Noida Expressway and convenient access to the Noida International Airport at Jewar.
The surrounding area also benefits from planned educational institutions and healthcare infrastructure, enhancing the attractiveness of the location.
The latest acquisition comes shortly after Godrej Properties secured a 23.2-acre residential land parcel in Greater Noida earlier this month, which has an estimated revenue potential exceeding ₹7,000 crore.
The company said the new project further strengthens its development portfolio in the National Capital Region (NCR).
As of 01 July 2026, at 10:25 AM, Godrej Properties share price was trading at ₹1,899.90 per share, reflecting a surge of 1.78% from the previous trading session.
Godrej Properties has emerged as the highest bidder for a 4.95-acre residential land parcel in Noida's Sector 151 for ₹331.75 crore. The proposed premium housing project is expected to generate revenue of over ₹2,000 crore, further expanding the company's presence in the NCR residential market.
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Published on: Jul 1, 2026, 12:29 PM IST
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