Godrej Properties Acquires Land in Greater Noida for ₹7,000 Crore Housing Development
Godrej Properties buys land in Greater Noida for ₹7,000 cr housing project
Business Standard
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Godrej Properties Ltd has purchased a 23.2-acre land parcel in Greater Noida for ₹7,000 crore to develop a new housing project. This acquisition aims to enhance their portfolio in the National Capital Region, capitalizing on the strong demand in the area.
- 01Godrej Properties acquired 23.2 acres of residential land in Greater Noida through an e-auction.
- 02The project is projected to generate over ₹7,000 crore in revenue.
- 03The acquisition aligns with Godrej's strategy to strengthen its presence in key markets across India.
- 04In the fiscal year 2025-26, the company acquired 18 land parcels with a total revenue potential of ₹42,100 crore.
- 05Godrej Properties has delivered nearly 80 million sq ft of real estate since 2017-18.
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Godrej Properties Ltd announced the acquisition of a 23.2-acre land parcel in Greater Noida, Uttar Pradesh, through an e-auction conducted by DMIC Integrated Industrial Township Greater Noida Ltd. The company expects this housing project to yield a revenue potential exceeding ₹7,000 crore. Gaurav Pandey, Managing Director and CEO of Godrej Properties, expressed optimism about the consistent demand for their projects in Noida, indicating that this acquisition will bolster their development portfolio in the National Capital Region (NCR). The company has been actively expanding its footprint in key micro-markets across major Indian cities. In the fiscal year 2025-26, Godrej Properties secured 18 land parcels, collectively valued at ₹42,100 crore, showcasing their strategy of both outright land purchases and partnerships with landowners to build a robust land bank for future housing developments. With a track record of delivering nearly 80 million sq ft of real estate since 2017-18, Godrej Properties continues to be a significant player in the Indian real estate sector.
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The acquisition is expected to boost local employment and stimulate the real estate market in Greater Noida.
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