Business Standard
Godrej Properties Ltd on Monday said it has acquired 23.2 acre land in Greater Noida via auction to develop a housing project with a revenue potential of more than Rs 7000 crore. In a regulatory filing, the company informed that it has "won the bid for a 23.2 acres (93,905 square metre) residential land parcel in DMIC integrated township, Greater Noida, through an e-auction". The auction was conducted by DMIC Integrated Industrial Township Greater Noida Ltd. Godrej Properties will develop a group housing project on the land parcel, "which is expected to offer an estimated revenue potential of over Rs 7,000 crore". Gaurav Pandey, MD and CEO, Godrej Properties, said, "We have witnessed consistent demand for our existing projects in Noida, and we remain bullish on this market. This will further strengthen our development portfolio in NCR (National Capital Region) and fits well with our strategy of deepening our presence in key micro markets across India's leading cities". Godrej ...
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