Godrej Properties announced its participation in an e-auction conducted by the New Okhla Industrial Development Authority (NOIDA) for residential group housing plots. GPL has emerged as the highest bidder for a 4.95-acre (20,050 sq. m.) residential land parcel in Sector 151, Noida, as reflected on the e-tendering portal of HDFC Bank. GPL acquired the land for Rs 331.75 crore. Following the due process, NOIDA will issue the allotment letter.

Godrej Properties intends to develop a residential group housing project on the land parcel, projected to generate estimated revenues exceeding Rs 2,000 crore. The development will feature premium residential apartments offered in diverse configurations