Godrej Properties Ltd has acquired a 23.2-acre land parcel in Greater Noida through an e-auction conducted by DMIC Integrated Industrial Township Greater Noida Ltd, further expanding its footprint in the National Capital Region (NCR).
The Mumbai-based developer plans to build a premium residential group housing project on the 93,905-square-metre site, with an estimated revenue potential exceeding ₹7,000 crore, based on current market conditions and business assumptions.
Situated within the 750-acre DMIC Integrated Township in Greater Noida, the project benefits from strong connectivity to major infrastructure corridors, including the Eastern Peripheral Expressway, the Noida-Greater Noida Expressway, and the upcoming Noida International Airport at Jewar.
The acquisition aligns with Godrej Properties’ growth strategy of strengthening its residential portfolio in high-demand micro-markets and capitalizing on the region’s expanding infrastructure and urban development opportunities.
News by Rahul Yelligetti.