Company Disclosure
Godrej Properties Limited (GPL) announced through a press release dated June 01, 2026, that it has won an e-auction for a residential land parcel in Greater Noida.
Transaction Details
- Land Acquisition: Won bid for 23.2 acres (93,905 sq. mtr.) residential land parcel in DMIC integrated township, Greater Noida
- Auction Conducted By: DMIC Integrated Industrial Township Greater Noida Limited
- Transaction Method: E-auction
- Announcement Date: June 01, 2026
Development Plans
- Project Type: Residential group housing project
- Estimated Revenue Potential: Over ₹7,000 crore (based on current business assumptions)
- Product Offering: Premium residential apartments of varied configurations
Location Advantages
- Location: DMIC integrated township, Greater Noida
- Infrastructure: 750 acres of smart plug-and-play infrastructure
- Connectivity: Eastern Peripheral Expressway, Noida-Greater Noida Expressway, and upcoming Noida International Airport at Jewar
- Market: Part of Greater Noida market, a major growth corridor in NCR
Company Track Record in Region
Godrej Properties has experienced strong success in Greater Noida, with two recent launches in FY26 delivering sales of approximately ₹1,500 crore each.
Management Commentary
Gaurav Pandey, MD & CEO of Godrej Properties, stated: "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 (National Capital Region) and fits well with our strategy of deepening our presence in key micro markets across India's leading cities."