It?s not everyday that land deals like these are struck. BPTP group, a fast emerging real estate developer, recently won the country’s largest land deal for Rs 5,006 crore for 95 acres of prime commercial land in Noida. Little surprise then that Kabul Chawla, managing director, BPTP Limited is on cloud nine.
?We were keen on this deal since the land was available at a prime location in vicinity of South Delhi and its size will also enable us to build a well planned world class business district there,? he says. What is also interesting is that BPTP group won this bid against other majors like DLF, Omaxe and Ansal (API).
BPTP would be investing close to Rs 3,000 crore for the construction of the project. The biggest advantage, Chawla says, is the size and location of the property. “Since the entire area is owned by us, the plot will be developed with a focused approach,” he says.
And even though he may not have zeroed in on a name, he is already thinking of having a chain of such complexes. ?We will explore such opportunities as and when they come,? he adds.