Godrej Properties has emerged as the highest bidder for a 5-acre land parcel in Noida, acquiring it for Rs 332 crore, and plans to develop a residential project expected to generate revenues exceeding Rs 2,000 crore, enhancing its presence in the National Capital Region.

Godrej Properties has successfully acquired a land parcel in Sector 151, Noida, for residential development, contributing to a total auction revenue of Rs 666 crore alongside VRC Construction.

Godrej Properties has acquired a 47-acre land parcel in Chennai for a plotted residential project with an estimated revenue potential of 500 crore, as part of its strategy to expand in key housing markets. The company also reported strong sales bookings of 34,171 crore in the last financial year, up from 29,444 crore previously, solidifying its position as the largest listed real estate developer in India by sales bookings.

Godrej Properties has acquired a 47-acre land parcel in South Chennai for the development of residential plots, which is expected to generate Rs 500 crore in revenue. This acquisition aligns with the company's strategy to enhance its presence in Chennai's property market and respond to the growing demand for organized living spaces in the region. Gaurav Pandey, MD CEO of Godrej Properties, highlighted the evolving residential market in South Chennai, supported by improving infrastructure and increasing buyer interest.