Godrej Properties enters NOIDA with Lotus Greens tie-up


Godrej Properties Ltd, the real estate development arm of the Godrej Group, today announced it has entered the Noida real estate market for the first time through a Development Management Agreement to develop a residential group housing project within Lotus Greens Sports City in Sector 150, Noida.

“Spread over 36 acres, the project will offer approximately 370,000 square meters (4 million sq. ft.) of saleable area and will be developed as a modern residential development comprising of apartments of various configurations,” the company said.

The site is within the 300 acre integrated sports city township being developed by Lotus Greens.

Noida is among the real estate markets in India worst affected by an ongoing slowdown.

The new sports city has easy access to the Noida-Greater Noida Expressway and is planned to have modern amenities such as a world-class clubhouse, golf course, cricket stadium, tennis center, and football academy.

This is GPL’s first project in Noida and sixth within the National Capital Region (NCR).

Within five years of entering the NCR market, Godrej Properties has established itself as one of the market leaders in Gurgaon in FY15 and hopes to replicate this success in Noida, the company said.

Pirojsha Godrej, Managing Director & CEO, Godrej Properties said, “We have seen strong growth in the scale of our operations in NCR and look forward to building on this momentum through our entry into Noida, which is one of the country’s leading real estate markets.”