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Business EconomyPosted at: Mar 5 2024 12:14PM


Godrej Properties gets allotment letter for prime land parcel in Noida

New Delhi, March 5 (UNI) Real estate developer Godrej Properties on Tuesday said it has secured the allotment letter to develop a prime land parcel in Noida sector 44 after being declared as the highest bidder by Noida Authority.
The e-auction for the land parcel was conducted by Noida Authority.
Spread over 6.46 acres, the plot is strategically located in Sector 44, one of the most prime locations in Noida.
"The land parcel will offer 1.4 million square feet of development potential and an estimated revenue potential of Rs 3,000 crore comprising premium residential apartments of varied configurations," Godrej Properties said in a media statement.
The real estate major said that this is the sixth project of Godrej Properties in Noida.
“We have witnessed strong demand for our existing projects in Noida and this project will further strengthen our development portfolio in NCR (National Capital Region). This fits well with our strategy of deepening our presence in key micro markets across India's leading cities," said Gaurav Pandey, MD & CEO, Godrej Properties.
He further added, "We will aim to build an outstanding residential community that creates long-term value for its residents.”
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Tags: #Godrej Properties gets allotment letter for prime land parcel in Noida
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