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

08 Jan 2024 CW Team

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.

Infrastructure Energy

19 Sep 2025

Nawgati Partners with Seed Group to Modernise UAE Fuel Retail

Nawgati, India’s leading fuel-tech platform, has partnered with Seed Group, part of The Private Office of Sheikh Saeed bin Ahmed Al Maktoum, to transform the UAE’s fuel retail and station management sector. The tie-up will deploy digital solutions to ease congestion, improve compliance, and enhance operational efficiency across outlets. Vaibhav Kaushik, Co-founder and CEO of Nawgati, said, “This partnership with Seed Group marks a significant milestone in Nawgati’s journey as we step out of India and into global markets. With Seed Group’s regional leadership and our technology, ..

Sterling Opens Sterling Hibis Vellore, Its First Resort in the City

Sterling Holiday Resorts has announced the launch of Sterling Hibis Vellore, a 40-key resort spread across 5.3 acres off Tiruvannamalai Road. This marks Sterling’s debut in Vellore and its ninth property in Tamil Nadu. Positioned as a resort-style escape within city limits, Sterling Hibis Vellore caters to pilgrims visiting Sripuram Golden Temple, families exploring Vellore Fort, medical and academic visitors to CMC and VIT, and corporates seeking retreats. Guests can also extend trips with nearby Sterling properties in Yelagiri and Tiruvannamalai. The resort features 36 Classic Ro..

TVS ILP’s Hosur Facility Powers Ather’s Festive Season Growth

TVS Industrial & Logistics Parks (TVS ILP) is enabling brands to meet festive season demand with Grade-A Built-To-Suit (BTS) facilities. Its Hosur park, home to Ather Energy’s largest EV manufacturing centre, has helped the company scale to a production rate of one vehicle every 0.46 seconds. As two-wheeler EVs gain momentum, supported by rising adoption in Tier II and III cities and the upcoming GST 2.0 reform, Ather recorded the second-highest EV sales in August. To support festive peaks, TVS ILP is expanding EV charging infrastructure, optimising space at the battery unit, ..