Godrej Properties Limited has acquired a 23.2-acre residential land parcel in Greater Noida through an e-auction conducted by DMIC Integrated Industrial Township Greater Noida Limited, the company announced in a stock exchange filing on Monday.
The Mumbai-based developer plans to develop a group housing project on the 93,905 square meter plot, with projected revenue potential exceeding ₹7,000 crore from premium residential apartments of various configurations. This estimate is based on current business assumptions.
Located within the DMIC integrated township, which spans 750 acres and promotes smart infrastructure, the land enjoys good connectivity to major routes including the Eastern Peripheral Expressway, the Noida-Greater Noida Expressway, and the forthcoming Noida International Airport in Jewar.
Gaurav Pandey, Managing Director and CEO of Godrej Properties, stated that this acquisition bolsters the company’s development portfolio in the National Capital Region (NCR) and aligns with its strategy to deepen its presence in key micro-markets. The company highlighted two recent project launches in Greater Noida during the fiscal year 2026, each generating sales of approximately ₹1,500 crore.
As of 10:05 AM on Monday, shares of Godrej Properties were down 0.52 percent at ₹1,753.50 on the National Stock Exchange, compared to a previous close of ₹1,762.70. The stock has decreased by about 22 percent over the last year and is down nearly 13 percent year-to-date, significantly lagging behind the Nifty Midcap 50 index. Its 52-week high reached ₹2,506.50 in June 2025. The company’s total market capitalization was approximately ₹52,856 crore at the time of trading.
Godrej Properties positions itself as India’s largest residential developer by both the value and volume of homes sold and claims a leading global ranking on the Dow Jones Best-in-Class Sustainability Indices as of December 2025.
Published on June 1, 2026.
