Godrej Properties (GPL) has participated in an e-auction conducted by the Greater Noida Industrial Development Authority (GNIDA) for Residential Group Housing Plots, where GPL has emerged as the highest bidder for 2 land parcels with a total combined bid value of Rs 842 crore, according to the e-tendering portal of SBI. GNIDA shall issue the allotment letters after following the due process.

Spread over around 9.5 acres in Sector Sigma - III and around 8 acres in Sector 12, the land parcels are strategically located in one of the most prime locations in Greater Noida. The land parcels together will offer a development potential of around 3.75 million square feet and an estimated revenue potential of over Rs 5,000 crore comprising premium residential apartments of varied configurations. With its well-planned infrastructure, wide roads, and proximity to both Delhi and Noida, Greater Noida offers a high-quality lifestyle and good connectivity to Jewar airport.

Godrej Properties is a realty firm of Godrej group and it is one of the leading real estate development companies in India based in Mumbai, Maharashtra. Currently, their business focuses on residential, commercial and township developments.