Godrej Properties wins Noida plot, ₹2,000 cr revenue

Deal snapshot: Sector 151, Noida

Godrej Properties Ltd (GPL) on July 1 said it has emerged as the highest bidder for a 4.95-acre residential group housing plot in Sector 151, Noida. The plot measures 20,050 sq. m., according to the company’s disclosure. The bid was part of an e-auction conducted by the New Okhla Industrial Development Authority (NOIDA). The land parcel was acquired for ₹331.75 crore, as per the e-tendering portal of HDFC Bank.

What the company plans to build

GPL said it intends to develop a premium residential project on the site. The company’s plan includes apartments in multiple configurations. It did not disclose a launch timeline, approvals status, or a detailed unit mix in the information provided. The company stated that the development is expected to generate estimated revenues exceeding ₹2,000 crore.

Due process: allotment letter awaited

In its statement, GPL said NOIDA will issue the allotment letter following the due process. The company reiterated that it acquired the land for ₹331.75 crore. The Noida win adds to a series of land additions highlighted in recent disclosures and reports around GPL’s NCR pipeline. The sectoral context matters because Noida and Greater Noida remain key residential markets within the broader National Capital Region.

How this fits into GPL’s recent NCR land additions

The Noida plot announcement comes after an earlier NCR land win disclosed by the company on June 1. GPL said it emerged as the highest bidder for a 23.2-acre residential land parcel in the DMIC Integrated Township, Greater Noida. The land parcel size was cited as 93,905 sq. m. and the auction was conducted by DMIC Integrated Industrial Township, Greater Noida Ltd.

For the Greater Noida project, GPL said the estimated revenue potential is over ₹7,000 crore. In that disclosure set, the company did not disclose the land cost, while market sources cited the winning bid as a little over ₹500 crore. Separately, the provided context also mentions GPL acquiring an 8.5-acre land parcel in Mahalunge, Pune through an outright purchase, with an estimated revenue potential of ₹2,000 crore.

Key numbers at a glance

Stock moves and trading references cited

The provided material includes multiple market references around the Greater Noida land news. One report cited shares trading at around ₹1,749.60 on the NSE at 12:55 PM IST, down about 0.74% intraday. Another data point cited shares at ₹1,753.50 at 10:05 AM, down 0.52% versus the previous close of ₹1,762.70.

The same set of details cited a 52-week high of ₹2,506.50, achieved in June 2025. It also mentioned a market capitalisation of about ₹52,856 crore during trading. Another reference point cited the stock at around ₹1,577.40 as of 03/13/2026 at 3:57 PM IST, down 2.41% from ₹1,651.10.

Broader operating and financial context shared in filings

Beyond project pipeline updates, the provided content includes GPL’s stated targets and recent financial performance. For the current financial year, the company has set a target of ₹39,000 crore in sales bookings or pre-sales, compared with a record ₹34,171 crore in 2025-26. It is also targeting customer collections of ₹24,000 crore during the fiscal, compared with ₹19,965 crore in 2025-26.

For 2025-26, GPL reported net profit of ₹1,850.20 crore versus ₹1,399.89 crore in the preceding year. Total income rose to ₹8,410.88 crore from ₹6,967.05 crore during 2024-25. The material also states that during 2025-26, GPL acquired 18 land parcels with a combined revenue potential of ₹42,100 crore.

Why the Noida win matters for NCR execution

Sector 151 is a known residential corridor within Noida, and the transaction size is clearly disclosed for this plot. The combination of a stated land cost (₹331.75 crore) and a stated revenue expectation (> ₹2,000 crore) gives investors a concrete data point compared with some other land wins where costs were not formally disclosed in the same way. It also extends GPL’s stated focus on premium apartments and varied configurations across NCR micro-markets.

For the Greater Noida acquisition, the company framed the project as a premium group-housing development with a large revenue potential (> ₹7,000 crore). One report also cited management commentary that the acquisition enhances the development portfolio in NCR and aligns with the strategy to strengthen the footprint in key micro markets. The same context cited two recent launches in Greater Noida in FY26 delivering sales of around ₹1,500 crore each.

Conclusion

Godrej Properties’ July 1 Noida land win adds a disclosed, ticket-sized NCR project to its pipeline, with the company projecting more than ₹2,000 crore in revenue from the planned development. The next procedural step flagged by the company is the issuance of the allotment letter by NOIDA, following due process.