Godrej Properties acquires two land parcels in Noida for Rs 377 crore

NEW DELHI: Godrej Properties (GPL) has been declared the highest bidder for two adjacent
land parcels in Noida for a total bid value of Rs 377 crore, according to the e-tendering portal of
SBI, which facilitated an e-auction on behalf of New Okhla Industrial Development Authority
(NOIDA), the company said in a media release.
GPL will develop residential group housing on the land parcels located in Sector 146, Noida.
Spread over 12.4 acres, the two adjacent land parcels will offer approximately 3.2 million sq ft of
development potential.
The company recently acquired a 12-acre land parcel in Mundhwa-East, Pune. This project will
have a developable potential of approximately 2.2 million sq ft with an estimated revenue
potential of approximately Rs 2,000 crore.

Last week, the company entered into an agreement for outright purchase of a 50 acres land
parcel in Manor, Palghar, it had said in the regulatory filing. The proposed project will offer a
booking value potential of approximately Rs 500 crore.
It has reported a growth of 87.60 per cent in its net consolidated profit after tax which stood at
Rs 67.03 crore in Q2 FY23. Its net consolidated income stood at Rs 369.20 crore in Q2 FY23.