Stock Report

Godrej Properties wins auction for residential land parcel in Greater Noida

Posted On : 2026-06-01 10:50:31( TIMEZONE : IST )

Godrej Properties Ltd. (GPL), (BSE scrip id: GODREJPROP), one of India's leading real estate developers, today announced that it has won the bid for a 23.2 acres (93,905 sq. mtr.) residential land parcel in DMIC integrated township, Greater Noida, through an e-auction conducted by DMIC Integrated Industrial Township Greater Noida Limited.

Godrej Properties plans to develop a residential group housing project on the land parcel, which is expected to offer an estimated revenue potential of over INR 7,000 crore*, comprising premium residential apartments of varied configurations.

The plot is strategically located in DMIC integrated township, Greater Noida which hosts 750 acres of smart plug-and-play infrastructure. It forms part of the Greater Noida market, a major growth corridor with strong connectivity to the Eastern Peripheral Expressway, Noida Greater Noida Expressway, and upcoming Noida International Airport at Jewar. Godrej Properties has experienced strong success in Greater Noida, with two of its recent launches in FY26 delivering sales of approximately INR 1,500 crore each.

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 (National Capital Region) and fits well with our strategy of deepening our presence in key micro markets across India's leading cities".

Shares of Godrej Properties Limited was last trading in BSE at Rs. 1764.30 as compared to the previous close of Rs. 1789.15. The total number of shares traded during the day was 860118 in over 3829 trades.

The stock hit an intraday high of Rs. 1837.00 and intraday low of 1752.50. The net turnover during the day was Rs. 1542105544.00.