Announced Wed, 1 Jul · 06:11 IST
Godrej Properties wins Noida land bid for INR 331.75 crore
Compliance View source PDF
GODREJPROP · price
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Price reaction · full curve 14 horizons · vs prior close
+4.9%1-day move
₹1867.70
prior close
₹1884.90
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.3-0.3-0.2-0.2+4.9+6.6+9.6+9.4+5.8+14.3+11.2———
Up moveDown movePending
AI summary
Godrej Properties has emerged as the highest bidder for a 4.95-acre residential land parcel in Sector 151, Noida, through an e-auction by NOIDA. The land was acquired for INR 331.75 crore. The company plans to develop a premium residential project with estimated revenue potential of over INR 2,000 crore. This follows a recent 23.2-acre acquisition in Greater Noida worth over INR 7,000 crore in potential revenue.
Likely market impact
Strengthens Godrej Properties' NCR portfolio and adds over INR 2,000 crore revenue potential, likely positive for investor sentiment.