+
Godrej Properties acquires Noida Plot for Rs 5.06 billion
Real Estate

Godrej Properties acquires Noida Plot for Rs 5.06 billion

Real estate developer Godrej Properties emerged as the successful bidder for a 6.45-acre group housing plot in Noida, with a total bid value of Rs 5.06 billion, according to Lokesh M, the chief executive officer of the Noida Authority on February 26.

Lokesh M stated that the real estate company would be developing the group housing plot, spanning over 26,000 sq m, situated in Noida's premium Sector 44. The land parcel had been auctioned by the Noida Authority through an e-auction in December 2023.

As per Sanjay Kumar Khatri, the additional chief executive officer of the Noida Authority, two bids were received for the group housing plot in Sector 44, Noida, measuring 26,136.55 square meters or 6.45 acres. Godrej Properties and Max Estates were the two developers vying for the bid. During the e-auction on February 26, Godrej made the highest bid at Rs 5.06 billion, securing the plot.

Following the successful bid, Lokesh M, the CEO of the Noida Authority, mentioned that the allotment letter to Godrej Properties has been processed in accordance with the rules.

CEO Lokesh M expressed satisfaction, stating, "It's good news that the authority has been able to sell the plot at a good price, and the consumer will get a better quality product."

Real estate developer Godrej Properties emerged as the successful bidder for a 6.45-acre group housing plot in Noida, with a total bid value of Rs 5.06 billion, according to Lokesh M, the chief executive officer of the Noida Authority on February 26. Lokesh M stated that the real estate company would be developing the group housing plot, spanning over 26,000 sq m, situated in Noida's premium Sector 44. The land parcel had been auctioned by the Noida Authority through an e-auction in December 2023. As per Sanjay Kumar Khatri, the additional chief executive officer of the Noida Authority, two bids were received for the group housing plot in Sector 44, Noida, measuring 26,136.55 square meters or 6.45 acres. Godrej Properties and Max Estates were the two developers vying for the bid. During the e-auction on February 26, Godrej made the highest bid at Rs 5.06 billion, securing the plot. Following the successful bid, Lokesh M, the CEO of the Noida Authority, mentioned that the allotment letter to Godrej Properties has been processed in accordance with the rules. CEO Lokesh M expressed satisfaction, stating, It's good news that the authority has been able to sell the plot at a good price, and the consumer will get a better quality product.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code