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Godrej Properties Acquires 23.2 Acre Land in Greater Noida
06 Jun 2026
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06 Jun 2026
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Godrej Properties Greater Noida expansion took a significant step forward on 1 June 2026, when the company announced it had won the bid for a 23.2-acre (93,905 square metre) residential land parcel in the DMIC Integrated Township, Greater Noida, through an e-auction. The auction was conducted by DMIC Integrated Industrial Township Greater Noida Limited. The company plans to develop a residential group housing project on the land, with an estimated revenue potential of more than Rs 7,000 crore. This acquisition makes Godrej Properties one of the first major branded residential developers to secure a large-scale residential plot within the DMIC Integrated Township, a 750-acre smart industrial and residential development zone near Greater Noida.
This article covers the complete acquisition, the e-auction process, the land location, the DMIC township context, pricing analysis, project plans, and the broader market implications for Greater Noida real estate.
| Item | Details |
|---|---|
| Developer | Godrej Properties Limited (GPL) |
| Location | DMIC Integrated Township, Greater Noida |
| Land Area | 23.2 Acres (93,905 sq mt) |
| Acquisition Type | E-auction (Competitive Bidding) |
| Auction Conducted By | DMIC Integrated Industrial Township Greater Noida Limited (DMIC IITGNL) |
| Project Type | Residential Group Housing |
| Estimated Revenue Potential | More Than Rs 7,000 Crore |
| Announcement Date | 1 June 2026 |
| Filing Type | Regulatory Disclosure (Stock Exchange) |
| Connectivity | Eastern Peripheral Expressway, Noida-Greater Noida Expressway, and Noida International Airport |
Godrej Properties acquired the land through a competitive e-auction (electronic auction) process. E-auctions are a digitally conducted bidding mechanism used by government authorities and public development bodies to sell or lease land parcels in a transparent, recorded process. Bidders register on a designated platform, submit financial eligibility documents, and then compete in a time-limited auction where bids are placed digitally.
In a regulatory filing, Godrej Properties stated that it "won the bid for a 23.2 acres (93,905 square metre) residential land parcel in DMIC integrated township, Greater Noida, through an e-auction." The filing confirms that the company submitted the highest bid and was declared the winner.
The auction was conducted by DMIC Integrated Industrial Township Greater Noida Limited (DMIC IITGNL). This is the special purpose entity created to manage and develop the DMIC Integrated Industrial Township in Greater Noida. It acts as both the developer and the land management authority for the township. When DMIC IITGNL puts land plots up for residential, commercial, or industrial use, it does so through an e-auction rather than direct allotment, ensuring a market-based price discovery process.
Was the land purchased directly or through auction? The land was acquired through a competitive e-auction, not through a direct negotiated purchase or a landowner partnership. This means the price paid reflects the highest bid submitted in an open bidding process.
What is DMIC Integrated Industrial Township Greater Noida Limited? DMIC IITGNL is the entity jointly developed by the Delhi-Mumbai Industrial Corridor Development Corporation (DMICDC) and the Greater Noida Authority (GNIDA) to build, manage, and sell land within the 750-acre DMIC Integrated Township in Greater Noida. It is the authority that conducts land auctions for residential and industrial plots within the township.
The land parcel is located within the DMIC Integrated Industrial Township in Greater Noida. This township is a planned 750-acre smart development zone situated near Greater Noida, in close proximity to the Noida International Airport at Jewar.
The DMIC township itself is positioned within the broader Greater Noida region, part of the National Capital Region (NCR). Specific sector coordinates within the 750-acre campus are not publicly disclosed in the acquisition announcement, but the township is a defined geographic area governed by DMIC IITGNL.
Eastern Peripheral Expressway (EPE): The EPE is one of the primary access routes for the DMIC township. It connects the region to Delhi, Faridabad, and Western UP, bypassing central Delhi. The expressway is operational and provides a continuous road link from the township to Delhi NCR.
Noida-Greater Noida Expressway: This expressway connects Greater Noida to Noida and onward to Delhi. It passes through the Knowledge Park clusters and provides access to the IT and corporate employment zones of Noida. The expressway is fully operational.
Noida International Airport (Jewar): The DMIC Integrated Township is positioned near the Noida International Airport at Jewar. The airport was inaugurated on 28 March 2026 and is expected to handle 1.2 crore passengers annually in its first phase.
| Landmark | Approximate Distance | Approximate Travel Time |
|---|---|---|
| Greater Noida City Centre (Pari Chowk) | 5 to 10 km | 10 to 15 Minutes |
| Noida-Greater Noida Expressway | 5 to 8 km | 10 to 12 Minutes |
| Eastern Peripheral Expressway | 3 to 6 km | 8 to 12 Minutes |
| Noida International Airport (Jewar) | Approx. 20 to 30 km | 25 to 35 Minutes |
| Yamuna Expressway | Approx. 5 to 8 km | 10 to 15 Minutes |
| Knowledge Park, Greater Noida | Approx. 10 to 15 km | 15 to 20 Minutes |
| IGI Airport, Delhi | Approx. 50 to 60 km | 50 to 70 Minutes |
Distances are approximate, based on the DMIC township's general location in Greater Noida's eastern growth belt. Exact distances will depend on the specific plot location within the 750-acre campus.
The Delhi-Mumbai Industrial Corridor (DMIC) is India's largest infrastructure project by planned scale. It spans 1,504 km along the Western Dedicated Freight Corridor between Delhi and Mumbai. The corridor passes through Uttar Pradesh, Delhi NCR, Haryana, Rajasthan, Gujarat, and Maharashtra.
The DMIC project is developed by DMICDC (Delhi-Mumbai Industrial Corridor Development Corporation), a joint venture between the Government of India and Japan Bank for International Cooperation (JBIC). The Government of India holds 49 percent equity and financial institutions and other infrastructure organizations hold 51 percent.
The DMIC was designed to build world-class industrial cities along the freight corridor, enabling India to develop a competitive manufacturing and logistics ecosystem. The project's goal is to create plug-and-play infrastructure where industries can set up operations without needing to build their own utilities, roads, or services.
DMIC zones are planned with roads, 24-hour electricity, continuous water supply, sewage management, high-speed internet, and smart city monitoring, provided as a package for industrial and residential residents.
The DMIC Integrated Industrial Township in Greater Noida (IITGN) is a specific node of the broader DMIC project. Key facts:
Prime Minister Narendra Modi inaugurated the Integrated Industrial Township in Greater Noida, making it an Rs 1,700 crore project. The township spans 302.06 hectares, which is approximately 747.5 acres of total area. DMIC has established smart city infrastructure across 828 acres in Greater Noida. The township aims to house 30,000 residents and generate over 50,000 employment opportunities.
The project was developed jointly by DMICDC and the Greater Noida Authority. As of early 2025, eight major companies, including Haier, Forme Mobile, and Guru Amardass, had invested over Rs 4,000 crore in the township and created approximately 11,000 jobs.
The DMIC IITGNL is setting up an Integrated Command and Control Centre (ICCC) with an investment of approximately Rs 40 crore. Around 140 high-definition CCTV and Automatic Number Plate Recognition (ANPR) cameras will be installed across the township. The control centre will monitor and manage electricity, water, waste, traffic, and security. A specialised software system (IITGNL Software Modules) will feature GIS maps, automated billing, and live service tracking.
This smart city infrastructure is what distinguishes DMIC township plots from conventional Greater Noida authority land. Buyers and developers in the DMIC zone operate within a managed, digitally monitored environment.
The DMIC Integrated Township provides three specific advantages that have attracted Godrej Properties and are likely to attract other large developers:
First, the land supply within the township is controlled and limited. DMIC IITGNL manages allotments through competitive auctions, which means the land is not widely available through informal channels. This supports price discovery and reduces speculative distortion.
Second, the township's proximity to the Noida International Airport makes it one of the closest large-scale residential development zones to the new airport in Greater Noida.
Third, the presence of established industrial companies including Haier within the township creates an immediate employee population that generates residential demand.
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Godrej Properties' regulatory filing and subsequent media reports did not disclose the specific bid amount paid for the 23.2-acre parcel. The filing confirmed the acquisition through e-auction and the estimated revenue potential of Rs 7,000 crore but did not state the land cost.
While the exact acquisition price is not disclosed, it is possible to estimate a range based on comparable land auction data in Greater Noida and the revenue potential implied.
| Metric | Estimate | Basis |
|---|---|---|
| Land Area | 23.2 Acres (93,905 sq mt) | GPL Regulatory Filing |
| Revenue Potential | Rs 7,000 Crore | GPL Regulatory Filing |
| Saleable Area (Estimated) | Approx. 5 to 6 Million sq ft | Based on Revenue Potential at Rs 12,000 to Rs 14,000 per sq ft |
| Land Cost (Estimated Range) | Rs 500 Crore to Rs 900 Crore | Assuming 8% to 12% of Gross Development Value (GDV), typical for NCR land acquisitions |
| Cost Per Acre (Estimated) | Rs 21 Crore to Rs 39 Crore per Acre | Derived from Estimated Land Cost Range |
| Cost Per Sq Mt (Estimated) | Rs 53,000 to Rs 96,000 per sq mt | Derived from Estimated Land Cost Range and Total Land Area |
Comparable e-auction reference: In March 2024, Godrej Properties paid Rs 506 crore for a 6.45-acre group housing plot in Sector 44, Noida (the Noida Authority e-auction). That translates to approximately Rs 78 Crore per acre in a prime Noida location. Greater Noida DMIC land would typically be at a lower per-acre cost than prime Noida, though the smart infrastructure premium may partially offset this.
Note: All land cost figures above are estimates. The actual bid amount paid by Godrej Properties for this parcel has not been publicly disclosed and these calculations should not be treated as verified costs.
Godrej Properties confirmed it will develop a residential group housing project on the 23.2-acre land. The project will comprise premium residential apartments across multiple configurations. No specific details of tower count, floor heights, or unit mix have been announced yet.
The revenue potential of Rs 7,000 crore provides a basis for estimating the project's scale. At Greater Noida's current premium new launch pricing:
If average realisation is Rs 12,000 per sq ft: saleable area would be approximately 5.83 million sq ft. If average realisation is Rs 14,000 per sq ft: saleable area would be approximately 5 million sq ft. If average realisation is Rs 16,000 per sq ft: saleable area would be approximately 4.37 million sq ft.
Given the DMIC township's premium infrastructure positioning and Godrej's brand presence, an average realisation of Rs 12,000 to Rs 15,000 per sq ft for a Greater Noida launch at this location is within the range observed in recent comparable new launches.
At 5 to 6 million sq ft of saleable area on 23.2 acres, the Floor Space Index (FSI) utilised would be in the range of 5.25 to 6.3, which is consistent with high-rise group housing in Greater Noida's planned townships.
No configuration announcement has been made. Based on Godrej's NCR project history, which includes 2, 3, and 4 BHK apartments in Noida and Greater Noida launches, a mix of 2 BHK and 3 BHK apartments with some 4 BHK units would be consistent with their product positioning in the NCR premium segment.
Godrej Properties' two recent FY26 launches in Greater Noida each generated approximately Rs 1,500 crore in sales, indicating strong buyer absorption at premium price points in this geography.
At 23.2 acres of land with high-rise development rights, the project has the physical capacity for 5 to 6 million sq ft of saleable area. At Rs 12,000 to Rs 14,000 per sq ft for premium apartments in a DMIC township with airport connectivity, the arithmetic produces Rs 7,000 crore or higher at current pricing. The actual revenue realised will depend on project execution, market pricing at launch date, construction timelines, and economic conditions at the time of booking.
Gaurav Pandey, MD and CEO of Godrej Properties, stated on 1 June 2026: "We are happy to add this new project in Greater Noida to our portfolio. We have witnessed consistent demand for our existing projects in Noida, and we remain bullish on this market. This will further strengthen our development portfolio in NCR and fits well with our strategy of deepening our presence in key micro markets across India's leading cities."
The statement references "consistent demand" from existing Noida projects, which validates the company's view of this corridor rather than being a speculative entry.
Greater Noida's infrastructure has expanded substantially over the past five years. The Noida International Airport was inaugurated on 28 March 2026, making it functional. The Eastern Peripheral Expressway is operational. The Yamuna Expressway connects the region to Agra and the Delhi-Agra highway network. Metro expansions are planned along the Dwarka Expressway and Yamuna Expressway corridors.
According to ANAROCK, average residential prices in Noida stood at approximately Rs 4,795 per sq ft in 2020. By Q1 2025, the figure had risen to Rs 9,200 per sq ft, an increase of approximately 92 percent. Greater Noida saw a 98 percent price increase from Q1 2020 to Q1 2025, the highest in Delhi NCR during that period.
Residential apartment prices along the Yamuna Expressway have nearly tripled between 2020 and 2025, per a Square Yards report.
Godrej Properties entered NCR in 2010 and has delivered several projects across five cities. Its Noida track record includes Godrej Tropical Isle, Godrej Jardinia, and Godrej Riverine (all Sector 146/44, Noida), each of which generated Rs 1,500 crore to Rs 2,000 crore in sales at launch. The company had developed at least six projects in Noida before this Greater Noida DMIC acquisition.
Godrej Properties has multiple projects in Noida, primarily in Sector 44, Sector 146, and the Noida Expressway corridor. Key projects include:
Godrej Tropical Isle (Sector 146, Noida): Launched Q2 FY24, generated over Rs 2,000 crore in sales at launch.
Godrej Jardinia (Sector 146, Noida): Launched Q1 FY25, generated over Rs 2,000 crore in sales at launch.
Godrej Riverine (Sector 44, Noida): Launched March 2025. Sold over 275 homes worth over Rs 2,000 crore at launch. This was the company's sixth project in Noida and the third consecutive launch.
For the Sector 44 Noida plot, Godrej paid Rs 506 crore in a March 2024 e-auction conducted by the Noida Authority.
The Crown Residences project at Godrej Golf Links, Sector 27, Greater Noida is an ongoing project within the 100-acre Godrej Golf Links township. Two launches in FY26 in the Greater Noida region each generated approximately Rs 1,500 crore in sales.
Godrej Properties' Gurgaon portfolio is the company's most concentrated NCR market, with 10 or more active projects across corridors including Golf Course Road (Godrej Astra, Godrej Sora), Dwarka Expressway (Godrej Meridien), SPR and Sohna Road (Godrej Aria, Godrej Oasis), and New Gurgaon (Godrej Zenith, Godrej Vrikshya).
In FY 2025-26, Godrej Properties acquired 18 land parcels with a combined revenue potential of Rs 42,100 crore. The company has a stated target of maintaining a development pipeline funded by a combination of outright land purchases (where the company buys land directly) and development partnerships (where the company partners with landowners who contribute land). The Greater Noida DMIC acquisition was an outright purchase through an e-auction.
| Market | Q1 2020 Price | Q1 2025 Price | 5-Year Growth |
|---|---|---|---|
| Noida Overall | Rs 4,795 per sq ft | Rs 9,200 per sq ft | 92% Growth (ANAROCK) |
| Greater Noida | Rs 3,300 to Rs 4,000 per sq ft | Rs 6,500 to Rs 7,000 per sq ft | 98% Growth in 5 Years |
| Yamuna Expressway | Rs 2,500 to Rs 3,000 per sq ft | Rs 6,500 to Rs 7,500 per sq ft | Prices Tripled Between 2020 and 2025 (Square Yards) |
Delhi-NCR led luxury home launches in H1 2024, with 26 percent of 23,500 units across India priced above Rs 5 Crore launched in this region. Noida's unsold inventory dropped 72 percent from Q1 2020 to Q1 2025, indicating strong absorption.
Greater Noida has seen a structural shift from affordable and mid-segment housing to premium and luxury formats. The entry of Godrej Properties, Eldeco, ATS, Gaurs, and other branded developers into the Rs 10,000 to Rs 15,000 per sq ft range has re-rated the micro-market.
| Corridor | Positioning | Recent Activity |
|---|---|---|
| Greater Noida (Sectors 1 to 45) | Premium Township Market | Multiple new residential launches by branded developers have strengthened demand in the micro market. |
| Yamuna Expressway | Emerging Luxury Market | Airport-led infrastructure development continues to drive premium residential launches and investor interest. |
| Noida Expressway (Sectors 80 to 168) | Established Premium Market | Projects such as Godrej Riverine and other branded developments are being launched at prices above Rs 10,000 per sq ft. |
| DMIC Township Zone | New Premium Entry | Godrej's acquisition marks one of the first large-scale branded residential housing entries into the DMIC township region. |
Inaugurated on 28 March 2026, the Noida International Airport at Jewar is the single largest infrastructure event for the Greater Noida property market in recent decades. In its first phase, it is expected to handle 1.2 crore passengers annually. It is designed to be one of India's largest airports, spanning approximately 5,000 acres. Its Ground Transportation Centre, designed on the lines of Heathrow and Frankfurt airports, is part of the infrastructure.
Properties along the Yamuna Expressway appreciated by 40 to 60 percent in anticipation of the airport's opening. The DMIC township is positioned in the vicinity of this airport corridor.
Eight companies including Haier have invested over Rs 4,000 crore and created 11,000 jobs within the DMIC township as of available data. The township aims to house 30,000 residents and create over 50,000 jobs. As the industrial ecosystem matures, residential demand from employees and business owners associated with the township will grow.
The Uttar Pradesh government's Film City project near Greater Noida is planned to attract film production, media, and creative economy employment to the region. This project would bring a new category of professional employment to the Greater Noida corridor.
The EPE is operational and connects Greater Noida to Delhi NCR without passing through Delhi. This has improved logistics connectivity for businesses in the DMIC township and reduced commute times for residents traveling to Faridabad, Gurugram (via Delhi bypass), and Western UP.
The Western Dedicated Freight Corridor, which the DMIC project is built alongside, provides a direct logistics link between Delhi and Mumbai for goods movement. As industrial activity grows in the DMIC township, the DFC's capacity supports logistics operations, which in turn supports employment and residential demand.
Metro connectivity is planned for the Greater Noida and Yamuna Expressway corridors. The Ghaziabad-Jewar RRTS corridor is among the proposed extensions. Operational metro access remains limited in parts of Greater Noida, but planned expansions are expected to improve transit over the next several years.
Godrej Properties' acquisition signals that large-scale premium residential housing will enter the DMIC Integrated Township zone. This will bring a higher specification product to a part of Greater Noida that has been primarily known for industrial and institutional use rather than consumer-grade residential development.
The entry of a branded developer like Godrej Properties may attract other developers to bid on adjacent or nearby residential plots in the DMIC township, which would increase supply and potentially create competitive pricing at launch. Homebuyers may benefit from having more options within the township over time.
Buyers who purchase in a Godrej project within the DMIC township would gain access to the township's smart city infrastructure, plug-and-play utilities, and proximity to the Noida International Airport. These are structural location advantages that are independent of the specific project's amenities.
The DMIC Integrated Command and Control Centre, the 140 CCTV cameras, the automated billing and utility management systems, and the existing industrial employment base all provide a baseline quality of life and security infrastructure that is above what unplanned residential zones in Greater Noida offer.
The addition of 5 to 6 million sq ft of premium residential supply from a single Godrej project is significant for Greater Noida. At current absorption rates in the premium segment, this supply would likely be launched across multiple phases over three to five years rather than in a single launch.
The DMIC IITGNL's e-auction result for this parcel will establish a price benchmark for subsequent land transactions in the township. When the bid amount is eventually disclosed, it will provide a reference for other developers considering parcels in the zone. A competitive bid by Godrej suggests the township land is valued at a meaningful premium to standard Greater Noida authority rates.
The Godrej acquisition follows a broader trend of listed developers concentrating their land acquisition activity in government-organised auctions. The e-auction format, also used by Noida Authority, Greater Noida Authority, and YEIDA, provides transparency and price discovery. This trend is expected to continue as government bodies become the primary source of large developable land parcels in planned zones.
Greater Noida's unsold inventory has declined significantly, with a 52 percent price increase from 2020 to 2025 indicating that demand has been outpacing supply in the premium segment. The Godrej project will add future supply but the launch is likely 18 to 24 months away from the date of acquisition.
The following views are sourced from publicly available statements and research reports. They are not direct quotes about this specific acquisition but represent verified market positions from industry bodies.
ANAROCK: According to ANAROCK data, average residential prices in Noida rose from Rs 4,795 per sq ft in 2020 to Rs 9,200 per sq ft by Q1 2025, a rise of approximately 92 percent. ANAROCK's research cited sustained demand from homebuyers seeking well-connected living spaces as a key driver of price appreciation.
Godrej Properties (MD and CEO statement): Gaurav Pandey, MD and CEO of Godrej Properties, stated on 1 June 2026: "We have witnessed consistent demand for our existing projects in Noida, and we remain bullish on this market. This will further strengthen our development portfolio in NCR."
Market positioning: Industry analysts, based on the NCR residential market data, describe Greater Noida as undergoing a structural re-rating over the past three years. The NCR premium residential market, particularly in the Greater Noida and Noida Expressway belt, has seen a consistent shift from mid-segment to premium and luxury formats.
Noida International Airport impact: M3M's Yash Garg, Director, noted on the airport inauguration: "Presently, Noida is turning out to be the most connected region in NCR. Starting from the Yamuna Expressway, Eastern Peripheral Expressway, Metro connectivity, Namo Bharat Rail connectivity to a Global Airport connection, things are going to change for real estate in Noida."
Note: JLL, Knight Frank, and CBRE have not issued specific public statements on this acquisition. Their NCR market reports consistently identify Greater Noida as a growth corridor driven by airport connectivity and infrastructure investment.
The following stages represent a typical project development timeline for a large group housing project acquired through e-auction. Timelines marked as assumptions are based on industry norms, not official Godrej Properties disclosures.
| Stage | Expected Timeline | Status |
|---|---|---|
| Land Acquisition (E-Auction Win) | 1 June 2026 | Confirmed |
| Allotment Letter from DMIC IITGNL | 1 to 3 Months After Auction | Assumption |
| Internal Project Planning | 3 to 6 Months Post Acquisition | Assumption |
| Regulatory and Environmental Approvals | 6 to 12 Months | Assumption |
| UP RERA Registration | 12 to 18 Months from Acquisition | Assumption |
| Project Launch | 18 to 24 Months from Acquisition (H2 2027 to H1 2028) | Assumption |
| Construction Start | On or Before RERA Registration | Assumption |
| Possession (Typical 4-Year Construction Cycle) | 2031 to 2033 | Assumption |
All timelines beyond the confirmed acquisition date are assumptions based on standard developer and regulatory timelines for NCR group housing projects. Godrej Properties has not made any official announcement on the project launch date or construction timeline.
Godrej Properties' acquisition of a 23.2-acre land parcel in the DMIC Integrated Township, Greater Noida, through an e-auction on 1 June 2026, represents a structured entry into one of Greater Noida's most planned and infrastructure-backed development zones.
The land was acquired through a competitive e-auction organised by DMIC Integrated Industrial Township Greater Noida Limited, with Godrej Properties submitting the highest bid. The company plans to develop a residential group housing project with an estimated revenue potential exceeding Rs 7,000 crore, comprising premium apartments across multiple configurations.
The DMIC Integrated Township's 750-acre smart city infrastructure, proximity to the Noida International Airport, connectivity to the Eastern Peripheral Expressway and Noida-Greater Noida Expressway, and the existing industrial ecosystem with over Rs 4,000 crore of investments from eight companies form the foundation of the location thesis.
Godrej Properties enters this acquisition from a position of demonstrated NCR execution. Its FY26 Greater Noida launches generated approximately Rs 1,500 crore each in sales, and its broader FY 2025-26 land acquisition program totalled 18 parcels with a combined revenue potential of Rs 42,100 crore.
For Greater Noida's residential market, the acquisition introduces one of India's largest listed developers into a zone that has historically been known for industrial rather than premium residential development. The project launch, expected in 2027 to 2028 based on standard regulatory timelines, will be a test of whether premium residential pricing at DMIC township levels is absorbed by the market at that stage.
The following sources were used in preparing this article. All major factual claims are sourced from official regulatory filings or verified media reports.
Godrej Properties has acquired 23.2 acres, or 93,905 square metres, of residential land in the DMIC Integrated Township, Greater Noida, as announced on 1 June 2026.
The land is located within the DMIC Integrated Industrial Township in Greater Noida, a 750-acre smart industrial and residential development zone. It has connectivity to the Eastern Peripheral Expressway, Noida-Greater Noida Expressway, and Noida International Airport at Jewar.
Godrej Properties acquired the land through a competitive e-auction (electronic auction) conducted by DMIC Integrated Industrial Township Greater Noida Limited (DMIC IITGNL). The company submitted the highest bid and was declared the winner.
Godrej Properties plans to develop a residential group housing project comprising premium residential apartments across multiple configurations. No specific unit mix or tower count has been announced.
The company's regulatory filing states an estimated revenue potential of more than Rs 7,000 crore, based on current business assumptions.
The DMIC Integrated Industrial Township in Greater Noida is a 750-acre smart development zone built under the Delhi-Mumbai Industrial Corridor programme, jointly developed by DMICDC and the Greater Noida Authority. It has smart city infrastructure, plug-and-play utilities, and an existing industrial base with over Rs 4,000 crore of corporate investments.
Greater Noida has seen 98 percent price appreciation from 2020 to 2025 (highest in Delhi NCR), strong demand absorption, the inauguration of Noida International Airport in March 2026, operational expressway connectivity, and a growing industrial ecosystem. These factors make it a viable market for large-scale premium housing.
The specific bid amount has not been disclosed publicly. Estimates based on industry comparable rates and the revenue potential cited suggest a range of Rs 500 to Rs 900 crore for the 23.2-acre parcel. This is an estimate, not a verified figure.
The DMIC Integrated Township is positioned in proximity to the Noida International Airport at Jewar. The approximate distance is 20 to 30 km by road, translating to 25 to 35 minutes of travel time. The airport was inaugurated on 28 March 2026.
Godrej Properties has not announced a project launch date. Based on standard regulatory timelines for NCR group housing projects, a launch is likely 18 to 24 months from the acquisition date, which points to H2 2027 to H1 2028. This is an assumption, not a confirmed timeline.
Godrej Properties confirmed it will develop residential group housing, which means multi-storey apartment buildings. No plotted development was mentioned for this specific parcel.
Greater Noida has seen consistent infrastructure investment including the Noida International Airport, the DMIC township, the Eastern Peripheral Expressway, and planned metro expansions. Price appreciation of 98 percent from 2020 to 2025 reflects sustained demand. The DMIC township adds a new premium zone to the market. Long-term growth prospects are tied to industrial employment, airport activity, and continued infrastructure execution.
Greater Noida has demonstrated strong price appreciation over the past five years. The DMIC zone specifically offers smart city infrastructure and industrial employment as demand supports. Any property investment decision should be based on individual financial circumstances, verified project details, and professional advice.
Active developers in Greater Noida include Godrej Properties, ATS Infrastructure, Gaursons, Eldeco, Supertech, Tata Housing, Jaypee Homes (resale), and several mid-segment developers. The DMIC township zone is new for branded residential developers, and Godrej's entry may attract others.
In the immediate term, a major developer entering a zone with Rs 7,000 crore of premium housing supply adds confidence to the location's premium pricing potential. Comparable reference pricing from this project's eventual launch will influence other land bids and project pricing in the DMIC zone. In the medium term, the additional supply would need to be absorbed by buyer demand.
Based on a revenue potential of Rs 7,000 crore at an average realisation of Rs 12,000 to Rs 14,000 per sq ft, the estimated saleable area is approximately 5 to 6 million sq ft. This is an estimate derived from the revenue figure and comparable pricing data, not an official disclosure.
The Delhi-Mumbai Industrial Corridor (DMIC) is India's largest infrastructure project, spanning 1,504 km alongside the Western Dedicated Freight Corridor. The DMIC's Greater Noida township is a 750-acre node with smart city infrastructure, industrial investment, and residential allotments. Land within the DMIC zone carries a premium because of the planned infrastructure, managed utilities, and government oversight.
In FY 2025-26, Godrej Properties acquired 18 land parcels across various cities with a combined revenue potential of Rs 42,100 crore. The Greater Noida DMIC acquisition is part of this pipeline.
DMIC Integrated Industrial Township Greater Noida Limited (DMIC IITGNL) is the special purpose entity that manages and develops the DMIC Integrated Township in Greater Noida. It was jointly set up by DMICDC and the Greater Noida Authority. It conducts e-auctions for land parcels within the township and also manages infrastructure services for residents and industries.
As of available data, eight major companies including Haier, Forme Mobile, and Guru Amardass had invested over Rs 4,000 crore in the DMIC Integrated Township, Greater Noida, creating approximately 11,000 jobs. This industrial base creates an employee population that supports residential demand within and around the township.
Godrej Properties entered NCR in 2010 and has since delivered and launched multiple projects across Noida, Gurgaon, and Greater Noida. The DMIC acquisition deepens the company's presence in Greater Noida specifically, a market where its FY26 launches generated Rs 1,500 crore each in sales. The MD described it as fitting the company's strategy of deepening presence in key micro-markets.
On 1 June 2026, the announcement day, shares of Godrej Properties rose 0.62 percent to Rs 1,775.30 on BSE. The stock had an intraday high of Rs 1,793.60. The company's market capitalisation at the time was approximately Rs 52,280 crore.
The company's consolidated net profit for Q4 FY26 jumped 70.13 percent to Rs 649.88 crore on a 41.98 percent increase in total income to Rs 3,806.65 crore compared to Q4 FY25.
The DMIC township features an Integrated Command and Control Centre (ICCC), 140 high-definition CCTV and ANPR cameras, automated billing, GIS-based service management, 24-hour electricity, continuous water supply, and internet connectivity. The ICCC investment is approximately Rs 40 crore.
The Eastern Peripheral Expressway (EPE) is an operational expressway that connects Greater Noida to Delhi, Faridabad, and beyond, bypassing central Delhi. For DMIC township residents, the EPE provides direct highway access to NCR without needing to navigate Delhi's internal roads.
Yes. The Noida International Airport at Jewar was inaugurated on 28 March 2026. In its first phase, it is expected to connect at least 10 cities and handle 1.2 crore passengers annually.
Godrej Properties uses two land acquisition models. In an outright purchase, the company pays for the land directly (as in this DMIC e-auction). In a development partnership, a landowner contributes the land in exchange for a share of revenue or built-up area. The DMIC acquisition was an outright purchase through a competitive e-auction.
The IITGN is one of four smart city nodes being developed under the DMIC programme along the Western Dedicated Freight Corridor. Other nodes include DMIC Vikram Udyogpuri (Ujjain), Dholera (Gujarat), and Shendra (Maharashtra). The Greater Noida node is notable for its proximity to Delhi NCR and the Noida International Airport.
No possession date has been announced. Based on standard development timelines (18 to 24 months for launch, 4 years of construction), possession could be estimated in the 2031 to 2033 range. This is an assumption, not a confirmed timeline.
The regulatory disclosure was made to the BSE and NSE on 1 June 2026 by Godrej Properties Limited. It can be accessed through the company's investor relations section on BSE India (BSE code: 533150) or NSE India (NSE: GODREJPROP) or on the Godrej Properties investor relations page.
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