EW DELHI: The real estate Emaar MGF and Anil Ambani’s
mart has seen 11 major land Reliance ADA Group, then ADAE.
transactions in the last
one year crossing Rs 6,000 crore. In August, Delhi Development
Whether it is DDA’s recent Authority raised Rs 188 crore
auction of 61 plots for Rs 188 from the auction of 61
crore — way higher than the residential plots in six
reserve price of Rs 70 crore, or locations, way higher than the
the largest ever land deal reserve price of Rs 70 crore.
—Unitech’s Rs 1,583 crore bid for
340 acres in Noida, it is action Mumbai has been the hotbed of
time in realty with more expected action in the real estate market.
in future, say market watchers. Earlier this year, the Supreme
Court had ruled in favour of sale
Unitech’s Rs 1,583 crore bid for and development of 600 acre
a city development contract on belonging to sick textile mills
Noida Expressway remains the in the city. Some of those mill
leader among all land transactions make the cut for the
transactions. The record deal saw major deals in the last one year
Unitech pipping DLF which had bid or so.
Rs 1,401 crore for the land.
Among these are Lodha Builders’
The previous recordholder for the Rs 180 crore-bid for Apollo Mills
biggest ever land deal was and DLF’s Rs 702-crore purchase
Reliance Industries, which a 7.5 of Mumbai Textile Mills,
acre plot acquired in Mumbai’s Matoshree Realtors and Kohinoor
Bandra Kurla complex for Rs 1,104 Group’s joint bid of Rs 421 crore
crore. Struck in January this for Kohinoor Mills —all in June
year, the deal saw Mukesh Ambani last year and IndiaBulls’ Rs
outbidding DLF, Gammon India, 441-crore bid for Elphinstone
Mills in July last year. 209-crore purchase of a 6-acre
plot in Kolkata by Emaar MGF.
Other major deals include
Parsvnath Developers clinching “Indian property sector is
123-acre in Chandigarh for Rs 821 witnessing heightened activity as
crore in June this year, Oberoi a result of higher real estate
Constructions‘ Rs 221 crore bid prices and a genuine improvement
for the 23-acre Glaxo plot in in the underlying demand
Mulund, Mumbai, Kshitij Ventures’ conditions,” according to a CLSA
Rs 221 crore purchase of a Asia-Pacific markets report.
25-acre Kurla plant and Rs
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