BPTP feels Noida deal not an expensive one
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As per the source saying at the www.propertykhazana.com Delhi origin BPTP Group, one of the Indian key realty players has acquired 94 acres of commercial property at Noida in the NCR. There was a tough competition in the bid by the counterparts like DLF and Omaxe and finally BPTP is successful in winning the bid.
Speaking at the www.propertykhazana.com Mr. Sudhanshu Tripathi, the Director of BPTP said that the company made a highest bid of Rs. 1, 30,207 per sq.mts while its counterparts like DLF bid was Rs. 1, 17,000 and Omaxe stopped at Rs. 80,100 per sq.mts. The bid amount was priory discussed and he didn’t agree on the opinion of the industry experts who said that it is a knee-jerk decision. Mr. Tripathi also added that the infrastructure, connectivity and the location is taken into consideration.
Further, BPTP is on big plans with the hold on 94 acres prime property in Noida and if the revealed source at the www.propertykhazana.com is believed then the company is on plans to develop the “Financial Hub of North India” with budget of Rs. 3000 crores and the total development is expected at Rs. 9000 crores. The proposed project will fetch more rent then compared with Gurgaon once it is completed, added Mr. Tripathi. Apart from the proposed prestigious project BPTP Group has property bank of 2000 acres and the group is implementing some realty projects.“Financial Hub of North India” along adjacent to the Greater Noida Express Highway will surely serve the purpose of the IT and other companies.
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