India's One Of The Largest Real Estate Developers Secures 23.2-Acre Greater Noida Land Parcel With Rs 7,000 Crore Revenue Potential
Join Us
Follow Us
Godrej Properties has secured a 23.2-acre land parcel in Greater Noida through an e-auction, with the planned residential project expected to generate revenue potential of over Rs 7,000 crore.
✨ Key Takeaways
On Monday's morning session, Indian equity benchmarks traded higher, with the benchmark Nifty 50 index rising 0.17 per cent to 23,588.80. Real estate stocks remained in focus amid fresh land acquisitions and project expansion announcements. In this segment, Godrej Properties share price traded at Rs 1,771.15 on May 29, 2026, up 0.39 per cent from the previous close of Rs 1,764.30, after the company secured a 23.2-acre residential land parcel in Greater Noida with an estimated revenue potential of over Rs 7,000 crore.
Godrej Properties Wins Bid For Greater Noida Land Parcel
Godrej Properties Limited said it has emerged as the successful bidder for a 23.2-acre (93,905 sq. mtr.) residential land parcel located in the DMIC Integrated Township in Greater Noida.
The company secured the land through an e-auction conducted by DMIC Integrated Industrial Township Greater Noida Limited. The proposed development is expected to generate revenue potential of more than Rs 7,000 crore based on current business assumptions.
Premium Residential Development Planned
The company plans to develop a residential group housing project comprising premium apartments across multiple configurations.
The land parcel is situated within the 750-acre DMIC integrated township, which features smart plug-and-play infrastructure and is emerging as an important residential and commercial destination in the National Capital Region (NCR). According to the company, the location benefits from connectivity through the Eastern Peripheral Expressway, the Noida-Greater Noida Expressway and the upcoming Noida International Airport at Jewar.
Greater Noida Continues To Witness Strong Demand
Godrej Properties stated that it has witnessed consistent customer demand in the Greater Noida market over the past few years.
The company highlighted that two of its recent project launches in Greater Noida during FY26 generated sales bookings of approximately Rs 1,500 crore each, reflecting continued homebuyer demand in the region. The acquisition further strengthens the company's development pipeline in NCR, which has remained one of its key markets in terms of booking value and project additions.
Management Commentary
Gaurav Pandey, MD & CEO, Godrej Properties, said, "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."
About Godrej Properties
Godrej Properties Ltd is one of India's leading real estate developers engaged in the development of residential, commercial and plotted development projects across major urban markets.
The company has a presence in cities including Mumbai, Bengaluru, Pune, Hyderabad, Gurugram, Noida and Kolkata. In its latest financial year, Godrej Properties reported a record booking value of Rs 29,444 crore from the sale of 15,302 homes and continues to expand its portfolio through strategic land acquisitions across key micro-markets.
Add DSIJ as your preferred news source on G o o g l e
Add NowWhat are your thoughts on Godrej Properties' new Greater Noida project with an estimated revenue potential of over Rs 7,000 crore? Share your views in the comments below.
Disclaimer: This article is for informational purposes only and does not constitute investment advice.