India, June 1 -- Godrej Properties Ltd announced on June 1 that it has emerged as the highest bidder for a 23.2-acre residential land parcel in the DMIC Integrated Township, Greater Noida. The company secured the parcel through an e-auction conducted by DMIC Integrated Industrial Township Greater Noida Limited (IITGNL). The proposed development on the site is estimated to have a revenue potential of over Rs.7,000 crore.

In a regulatory filing, the company informed that it has "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 auction was conducted by DMIC Integrated Industrial Township Greater Noida Ltd.

Godrej Properties plans to develop a g...