BPTP outbids DLF, bags Noida plot for Rs 5,006 crore
It is the mother of all land deals. Delhi-based real estate developer BPTP has won the bid for a 95-acre commercial plot in Noida for Rs 5,006 core, outbidding realty giant DLF.
Its a competitive bidding. We outbid DLF by 10 per cent, BPTP Managing Director Kabul Chawla told reporters after winning the bid. Other leading players Omaxe and Ansal were also in the fray.
BPTPs land deal is the biggest in the country so far in the value terms. Earlier last year, Unitech had bagged 1,750 acre 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.
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