+
BPTP acquires 228,000 sqm land in Gurgaon for Rs 872.7 mn
Real Estate

BPTP acquires 228,000 sqm land in Gurgaon for Rs 872.7 mn

BPTP, a real estate developer, has purchased a land parcel spanning 228,000 square meters in Gurgaon for Rs 872.7 million. The company holds significant land holdings in Gurugram and Faridabad, totalling about 600 acres, and has been actively acquiring land for both residential and commercial development in the region.

As per information obtained from CRE Matrix, a real estate data analytics firm, the land acquisition was made by Countrywide Promoters, a subsidiary of the BPTP Group. The transaction involved a stamp duty payment of Rs 61 million.

Previously, Central Park, another real estate developer, acquired a 10-acre land parcel from BPTP for Rs 1 billion.

BPTP has recently launched a plotted development project named BPTP District, featuring residential plots ranging from 100-180 square yards in prime real estate locations including Sectors 81, 84, 85, and 86 in Faridabad. The company boasts a portfolio of over 30 completed residential projects and numerous commercial projects in Gurugram and Faridabad.

According to JLL, between January 2022 and October 2023, real estate developers acquired approximately 3,294 acres of land across the country. Notably, 44.4% of these land transactions occurred in Tier 2 and 3 cities, involving a total of 1,461 acres across 17 separate deals. This data suggests a growing trend, driven by increasing customer demand and purchasing power, where branded developers are actively closing land transactions in these cities.

Encouraged by robust residential sales in emerging cities, developers are strategically acquiring land to establish substantial supply pipelines for future development projects.

BPTP, a real estate developer, has purchased a land parcel spanning 228,000 square meters in Gurgaon for Rs 872.7 million. The company holds significant land holdings in Gurugram and Faridabad, totalling about 600 acres, and has been actively acquiring land for both residential and commercial development in the region. As per information obtained from CRE Matrix, a real estate data analytics firm, the land acquisition was made by Countrywide Promoters, a subsidiary of the BPTP Group. The transaction involved a stamp duty payment of Rs 61 million. Previously, Central Park, another real estate developer, acquired a 10-acre land parcel from BPTP for Rs 1 billion. BPTP has recently launched a plotted development project named BPTP District, featuring residential plots ranging from 100-180 square yards in prime real estate locations including Sectors 81, 84, 85, and 86 in Faridabad. The company boasts a portfolio of over 30 completed residential projects and numerous commercial projects in Gurugram and Faridabad. According to JLL, between January 2022 and October 2023, real estate developers acquired approximately 3,294 acres of land across the country. Notably, 44.4% of these land transactions occurred in Tier 2 and 3 cities, involving a total of 1,461 acres across 17 separate deals. This data suggests a growing trend, driven by increasing customer demand and purchasing power, where branded developers are actively closing land transactions in these cities. Encouraged by robust residential sales in emerging cities, developers are strategically acquiring land to establish substantial supply pipelines for future development projects.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Syrma SGS Elemaster Opens High-Reliability Electronics Facility

Syrma SGS Technology and Elemaster Group have inaugurated a new high-reliability electronics manufacturing facility in Bengaluru through their joint venture, Syrma SGS Elemaster Private Limited.The facility aims to strengthen India’s advanced electronics manufacturing capabilities and support customers across domestic and global markets, particularly in sectors requiring high quality, reliability and stringent manufacturing standards.Located in the Bommasandra Industrial Area, the 20,000 sq. ft. facility is equipped with advanced Surface Mount Technology (SMT), Through-Hole Technology (THT) ..

Next Story
Real Estate

UrbanVault Expands Chennai Workspace Portfolio with 100,000 Sq. Ft.

UrbanVault has expanded into Chennai with approximately 100,000 sq. ft. of managed workspace across three properties, strengthening its presence in India’s flexible workspace market.The company’s Chennai portfolio includes Olympia Teknos and UV IPL in Guindy, and Ceebros Chambers on Velachery Main Road. The expansion marks UrbanVault’s entry into its seventh city, taking its national footprint to more than 3 million sq. ft. across 80+ centres.UrbanVault expects its annual revenue to cross Rs 350 crore in FY27, supported by expansion across major business hubs and rising demand for manage..

Next Story
Real Estate

LML Realty Launches Digital Platform for Custom Factories

LML Realty has launched ‘Your Factory’, a digital platform that enables businesses to configure, customise and order built-to-suit factories online. The platform combines plot selection, factory specifications, pricing and development into a single digital interface.Businesses can select plot sizes ranging from 500 sq. yd. to 10 acres and customise requirements such as factory size, height, structure, crane provisions and power needs. The platform provides instant quotations, allowing users to view configurations and pricing while designing their facilities.Pricing for the built-to-suit fa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code