Delhi Metro sells 2 ha for Rs 220 cr
A little known realty firm Young Builders has bought Delhi Metro Rail Corporation 2-hectare land plot at Vishwavidyalaya metro station in North Delhi for Rs 220 crore in an auction.
By Sanjeev Choudhary, ET Bureau |
NEW DELHI: A little known realty firm Young Builders has bought Delhi Metro Rail Corporation 2-hectare land plot at Vishwavidyalaya metro station in North Delhi for Rs 220 crore in an auction.
It will construct a residential complex at the site, which is currently being used for parking. The developer has bought the land on a 90-year lease and is likely to get a developable area of 3.5 lakh sq ft, which will translate into a land acquisition cost of around Rs 6,200 per sq ft.
Parsvnath Developers' residential project near Vishwavidyalaya metro station is being sold at Rs 10,000 per sq ft.
It will construct a residential complex at the site, which is currently being used for parking. The developer has bought the land on a 90-year lease and is likely to get a developable area of 3.5 lakh sq ft, which will translate into a land acquisition cost of around Rs 6,200 per sq ft.
Parsvnath Developers' residential project near Vishwavidyalaya metro station is being sold at Rs 10,000 per sq ft.
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