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New Delhi
Noida records “mother of all land deals”
NEW DELHI: It is described as the mother of all land deals. Delhi-based real estate developer BPTP Limited has just won the bid for a 95-acre commercial plot in suburban Noida for a whopping Rs.5,006 crore, outbidding realty giants DLF. “It’s competitive bidding. We outbid DLF by 10 per cent,” said BPTP Managing Director Kabul Chawla on Tuesday after winning the bid.
Other leading players Omaxe and Ansal were also in the race.
BPTP’s land deal is the biggest in the country so far in value terms. Earlier last year, Unitech had bagged a 1,750-acre plot in Vizag for Rs.3,350 crore, and in another big-ticket deal the company had won a 340-acre in Noida for Rs.1,582 crore in 2006.
The country’s biggest real estate developer DLF had clinched a 38-acre land deal in the national Capital for Rs.1,675 crore.
The company bagged the land in Sector 94 along Noida and Greater Noida Expressway from the New Okhla Industrial Development Authority. The reserve price of the land was about Rs.3,000 crore, Mr. Singh said. - PTI
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