Godrej Properties Enters Noida Through JV with Lotus Greens

Godrej Properties Enters Noida Through JV with Lotus Greens

Godrej Properties Makes Noida Debut Through Partnership with Lotus Greens. Godrej Properties has ventured into the Noida market for the first time through a collaboration with builder Lotus Greens. Godrej Properties Enters Noida Through JV with Lotus Greens on 36 acres land parcel to develop Godrej Nest, Sector 150, Noida.

Project Details:

• Partnership: Godrej Properties (developer) and Lotus Greens (NCR-based builder)
• Location: Sector 150, Noida (36 acres)
• Project Size: Around 4 million sq ft of saleable area
• Project Type: Luxury housing project (Godrej Nest)

Land Acquisition:

• The land parcel is part of a 300-acre sports township acquired by Lotus Greens in 2014.
• Private equity funds Clearwater Capital (now Altico Capital) and SSG Capital Management supported the land acquisition.

Significance:

• This project marks Godrej Properties’ sixth project in the National Capital Region (NCR).
• The collaboration leverages Godrej’s brand reputation and Lotus Greens’ local expertise.
• This deal signifies a trend of consolidation in the sluggish NCR market, with established players partnering for project development.

Quotes:

• Pirojsha Godrej, Managing Director & CEO, Godrej Properties: “We…look forward to building on this momentum through our entry into Noida…”
• Sanjay Grewal, CEO, Altico Capital India: “This is a significant development…This is the first such tie-up by Godrej in Noida…”

This news highlights Godrej Properties’ strategic move to expand into Noida’s growing real estate market. The partnership with Lotus Greens and the development of a luxury project reflect Godrej’s focus on strengthening their presence in the NCR.

 

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article or want to publish your news or article please email news@jvdeals.in