Reliance, BPTP bid for commercial project in Indore

Indore Development Authority had called for technical and commercial bid for allotment of two adjoining plots for nominal lease having a reserve price of Rs 111.27 crore at a cost of Rs 30,000 per sq meter.

NEW DELHI: Realty firm BPTP and possibly Reliance Retail have bid for constructing over 37,000 sq meter of commercial space in Indore.

Sources in the national capital-based BPTP confirmed that it has bid for the commercial project of 37,090 sq metre in Indore.

Indore Development Authority had called for technical and commercial bid for allotment of two adjoining plots for nominal lease having a reserve price of Rs 111.27 crore at a cost of Rs 30,000 per sq meter. Today was the last day for submitting the bids.

When contacted, no confirmation from Reliance could be obtained.

The price bid is likely to be opened tomorrow.
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