The recent auction conducted by the Greater Noida Industrial Development Authority (GNIDA) has highlighted the growing interest in the real estate market of Greater Noida. The auction, which took place on August 8, saw five land parcels sold for a total of approximately ₹1,500 crore, significantly exceeding the initial reserve price of ₹738 crore. Godrej Sector 12 Greater Noida West This indicates a robust demand for real estate development in the area.

Key Bidders and Their Bids
Godrej Properties emerged as a leading player in this auction, securing two significant plots:
A 38,771 square meter plot in Sigma III for ₹400 crore.
A 32,350 square meter plot in Sector 12 for ₹442 crore. The bids made by Godrej Properties were notably high, with prices reaching ₹1,36,743 per square meter for the Sector 12 plot and ₹1,03,243 per square meter for the Sigma III parcel.
Sobha Ltd also made its mark by winning a bid for a 13,938 square meter plot in Sector 36 at a cost of ₹161 crore. This translates to a bid price of ₹1,16,012 per square meter.
Other bidders included Ashtech Industries, which secured a 22,558 square meter plot for ₹294 crore and Prasu Infrabuild, which won a bid for a 28,265 square meter plot at ₹201 crore.
Market Implications
The aggressive bidding from top developers like Godrej Properties and Sobha Ltd reflects the potential that stakeholders see in Greater Noida’s real estate market. According to industry experts such as Sachin Arora from Moneytree Realty, this trend is indicative of Sobha Sector 36 Greater Noida increased demand from both investors and end-users. The successful bids are expected to further stimulate development activities in the region.
Moreover, Godrej Properties has reported substantial growth in sales within Gurugram and has plans to expand its footprint further into Noida with upcoming projects. This aligns with their strategy to capitalize on the burgeoning demand in the National Capital Region (NCR).
Godrej Properties and Sobha Ltd have emerged as top bidders in the recent Sobha Greater Noida land auction, reflecting strong investor confidence and signaling an upward trend in real estate development within this region.