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."

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

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.

Next Story
Infrastructure Energy

PSA Mumbai Doubles Capacity to 4.8m TEUs With Phase 2

Prime Minister Narendra Modi and Singaporean Prime Minister Lawrence Wong on Thursday virtually inaugurated Phase 2 of the Bharat Mumbai Container Terminal (PSA Mumbai), developed by PSA International at the Jawaharlal Nehru Port Authority (JNPA) in Navi Mumbai.With the commissioning of Phase 2, PSA Mumbai has doubled its annual handling capacity to 4.8 million TEUs, making it India’s largest container terminal. The terminal, spanning 2,000 metres of continuous quay length, has been designed to handle multiple mega container vessels simultaneously, supporting both domestic and global trade f..

Next Story
Infrastructure Transport

JNPA Doubles Container Capacity With Rs 79.2 Billion Terminal

In a major boost to India’s maritime infrastructure, Prime Minister Narendra Modi and Singaporean Prime Minister Lawrence Wong virtually inaugurated the second phase of the PSA Bharat Mumbai Container Terminal (BMCT) at Jawaharlal Nehru Port Authority (JNPA) on Thursday.With this commissioning, BMCT becomes India’s largest standalone container terminal, doubling its handling capacity from 2.4 million TEUs to 4.8 million TEUs (twenty-foot equivalent units). This milestone also establishes JNPA as the country’s largest container port by capacity.The Rs 79.2 billion project was developed un..

Next Story
Infrastructure Transport

Concor to Operate New Container Terminal at Bhavnagar Port

The Container Corporation of India (Concor) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) to operate and maintain the upcoming container terminal on the northside of Bhavnagar Port, Gujarat.Under the MoU, Concor will serve as the terminal operator, overseeing operations, management, and marketing of the facility. This move marks Concor’s strategic foray into direct port operations, aligning with its goal of forward integration in the logistics value chain. The detailed terms and conditions of the agreement are currently being finalised.The upcoming..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?