Godrej Properties’ first project in Noida

Although Godrej Properties has already developed six projects in the National Capital Region (NCR), this is the first time it is entering the Noida real estate market. The company will be developing a group housing project within Lotus Greens Sports City in Sector 150, it said in a statement.

The project which spreads over 36 acres, will offer four million sq ft of saleable area consisting of apartments with diverse configurations. The Godrej Properties site is within a 300 acre integrated sports city township being developed by Lotus Greens Developers Pvt Ltd.

While NCR, India’s largest property market has been the worst hit by the slump in the property market, Noida has been the only pocket that has performed well in terms of sales. Pirojsha Godrej, managing director and chief executive, Godrej Properties said, “We have seen strong growth in the scale of our operations in NCR and now look forward to taking advantage of this momentum in Noida also.”