Another major development has taken place in Noida’s real estate market, specifically concerning Sector 151. The authority has successfully concluded the auction for two prime land parcels designated for residential projects in Sector 151, generating revenue of approximately 666 crore rupees. Godrej Properties in noida Properties and VRC Construction emerged as the highest bidders in the auction.

According to the authority, the reserve price for a 20,050 square metre plot was set at 245.74 crore rupees. After the bidding, VRC Construction placed a bid of 334.21 crore rupees for the plot, while Godrej Properties secured the other for 331.75 crore. This auction is being reviewed as a positive signal for Noida’s residential market.

Several major developers have invested in Noida over the past few months. Prior to this, the County Group purchased approximately 5 acres of land in Sector 151 for around 443 crore rupees, while Experion Developers acquired a similar 5-acre land parcel in the same area for about 450 crore rupees. These successful deals indicate that major developers are highly optimistic about Noida’s future.