Noida rakes in Rs 2,500cr in record NCR land deal
Noida Development Authority has raked in over Rs 2,500 crore from sale of about 300 acre residential land to five builders — Unitech, Omaxe, Parsvnath, Ambience and IVCRL. The sale took place on Wednesday and this is the biggest amount bagged by an authority in one go. Recently, HUDA and DDA had closed deals worth about Rs 1,500 crore each for sale of plots for hospitality and commercial projects.
Unitech was the biggest buyer and grabbed two plots of 71 and 54 acre respectively for Rs 1050 crore. Parsvnath bought a 72 acre plot for Rs 602 crore, Omaxe a 37 acre plot for Rs 308 crore, Ambience got a 37.5 acre plot for Rs 323 crore and IVCRL won the bid for a 33 acre plot for Rs 274 crore.
More : economictimes.indiatimes.com
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