The top bidder for a 6.46-acre plot of land in Noida’s sector 44 is Godrej Properties.

The Godrej Group’s real estate development company, Godrej Properties, has come in top for a 6.46-acre plot of land in Noida’s sector 44.

With premium residential flats of various configurations, the land parcel will offer 1.4 million square feet of development potential and an estimated revenue potential of Rs 3,000 crore. This will be Godrej Properties’ sixth project in Noida.

“Our current projects in Noida are in high demand, and this project will expand our portfolio of development opportunities in the National Capital Region (NCR) even more. According to Gaurav Pandey, MD & CEO of Godrej Properties, “this fits well with our strategy of deepening our presence in key micro markets across India’s leading cities.”

Over the last two years, the firm has purchased several NCR property parcels. It recently proved to be the biggest bidder for two plots of opulent group housing in Gurgaon, Haryana’s Golf Course Road micro market.

The projects, which take up 2.76 and 5.15 acres respectively, are expected to generate over Rs 3,100 crore in revenue overall.

A Gurgaon land tract that would provide 1.6 million square feet of upscale residential construction with an estimated Rs 2,500 crore in income potential is one of the company’s other recent acquisitions.

Additionally, the business purchased about 62 acres of property in Kurukshetra, Haryana, with plans to build 1.4 million square feet of planned residential space.

Additionally, Godrej Properties recently paid Rs 377 crore to the local government to purchase two land lots for a residential project in Noida.