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Largest realty contract was done by NTC at Worli

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As per the sources available to www.propertykhazana.com, India’s largest realty contract was taken place in Worli by National Textile Corporation Ltd (NTC) to sell Bharat Mills at Worli which was for about 8 acres and it was for the highest price of 1,505 Crores and Mumbai saw the largest realty contract in the market. Only one acre recorded 188 Crores and the utmost bidder was Indiabulls which had won with the difference of 2 Crores as Lodha had bid for 1503 Crores and the 3rd utmost bidder was Peninsula with 1409 Crores and also Tata was followed in this bid and had bided for 1263 Crores.
Sources further say at www.propertykhazana.com that in the bidding list the Oberoi and Videocon Groups name was also included. “Indiabulls is happy because it has been appeared as the victorious bidder in the bidding and this will allow us to carry on our ride of delivering the best products in Mumbai,” says the CEO Vipul Bhansal of Indiabulls. That was the similar property where the state government was interested to build up reasonable residences but, NTC had rejected the offer. State government was all set to disburse 750 Crores for that property but, Indiabulls had won the India’s expensive contract by disbursing 198 Crores for an acre of Podar Mills and 2.39 acre of Mills went for 474 Crores respectively. This large realty deal was taken at Mumbai and had seen the whopping prices for the acres from the best bidders of Mumbai.
Source: NIMMA BENGALURU

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