Godrej Properties Ltd. has emerged as the highest bidder for a 4.95-acre residential land parcel in Sector 151, Noida, acquired for INR 331.75 crore. The project is anticipated to generate estimated revenues exceeding INR 2,000 crore and will feature premium residential apartments. This strategic acquisition enhances Godrej Properties’ development portfolio in the National Capital Region, aligning with their expansion strategy.
Godrej Properties Secures Strategic Land Parcel in Noida
Mumbai, July 01, 2026 – Godrej Properties Ltd. (GPL), a leading Indian real estate developer, announced today its successful bid for a significant residential land parcel in Noida. The company emerged as the highest bidder in an e-auction conducted by the New Okhla Industrial Development Authority (NOIDA) for plots in Sector 151, Noida.
Key Acquisition Details
- Land Area: 4.95 acres (20,050 sq. m.)
- Acquisition Cost: INR 331.75 crore
- Projected Revenue Potential: Exceeding INR 2,000 crore
- Developer: Godrej Properties Ltd. (GPL)
- Location: Sector 151, Noida
The acquisition, as reflected on the e-tendering portal of HDFC Bank, positions Godrej Properties to develop a new residential group housing project. The development is expected to offer premium residential apartments in diverse configurations.
Strategic Location and Future Prospects
The acquired land parcel boasts a strategic location in Sector 151, Noida, offering excellent connectivity to the Noida-Greater Noida Expressway and proximity to the upcoming Noida International Airport at Jewar. The area is further supported by robust infrastructure, including planned educational institutions and healthcare facilities.
This acquisition follows Godrej Properties’ recent success in securing a 23.2-acre land parcel in Greater Noida earlier in July, which has an estimated revenue potential exceeding INR 7,000 crore. This demonstrates GPL’s commitment to expanding its footprint in key micro-markets across India’s leading cities.
Management Commentary
Gaurav Pandey, MD & CEO, Godrej Properties, stated, “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”.
*On the basis of current business assumptions.
About Godrej Properties Limited
Godrej Properties Ltd. is driven by the purpose of crafting joy. With over 100,000 families finding a home with them, GPL is India’s largest residential developer by value and volume of homes sold. As part of the Godrej Industries Group, the company combines a 129-year legacy of trust and excellence with a forward-looking vision to shape the future of urban India.
The company’s approach is anchored in thoughtful design, sustainability, thriving communities, and uncompromising quality. As of December 2025, Godrej Properties was ranked the number one real estate company worldwide on both the Dow Jones Best-in-Class Sustainability Indices and the Global Real Estate Sustainability Benchmark.
Source: BSE
