Greater Noida Industrial Development Authority (GNIDA) has auctioned 9 plots for commercial development for Rs 533 crore against the reserve price of Rs 458 crore.
The biggest of these plots was secured by Adamant Construction while Noida based Nirala World has emerged as the highest bidder for two plots.
The auction comes days after the authority auctioned three plots for residential development for Rs 521 crore against the reserve price of Rs 262 crore.
Eldeco Infrastructure and Properties Ltd, while Prasu Infrabuild and Divyansh Infraheight jointly and Purvanchal Projects were the winning bidder for the third and smallest of the three plots.
“We have recently acquired a land parcel in Greater Noida West through an auction process. On the purchased land, we intend to build a commercial project (a mall or a high-street), with a construction budget of roughly Rs 250–300 crore,” said Suresh Garg CMD of Nirala World.
Read more at:
https://realty.economictimes.indiatimes.com/news/commercial/greater-noida-authority-auctions-nine-commercial-plot-for-rs-533-crore/114355672
Reference: https://economictimes.indiatimes.com