by THO
Listed real estate developer Godrej Properties has won the bid for a 6.45-acre group housing plot in Noida for a total bid value of ₹506 crore, Lokesh M, chief executive officer of the Noida Authority confirmed to HT on February 26.
The real estate firm will develop the group housing plot measuring more than 26000 sq m located in Noida’s premium sector 44. The land parcel was put up for sale by Noida Authority through an e-auction in December 2023.
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“Two bids were received by Noida Authority for the group housing plot measuring 26,136.55 square metres or 6.45 acres located in Sector 44, Noida. Two developers including Godrej Properties and Max Estates had applied for the bid. During the e-auction today (February 26), Godrej made the highest bid at ₹506 crore and won the bid for the plot,” said Sanjay Kumar Khatri, additional chief executive officer of the Noida authority.
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The Noida authority CEO Lokesh M said that they have processed the allotment letter to Godrej properties as per the rules.
“That’s a good news that the authority has been able to sell the plot at a good price and the consumer will get better quality product,” said Lokesh M, CEO of the Noida authority.
There was no immediate response from Godrej Properties.
