Purvanchal, Arihant Group lead bidders in Yamuna Expressway ₹1,035-cr land deal
Subscribe to enjoy similar stories. Nine developers won the final bids for the Yamuna Expressway Industrial Development Authority (Yeida)’s residential group housing plots in sector 22D and 18, Greater Noida in the Delhi-NCR region.
The Yeida auctioned nearly 287,000 square meters as 19 prime plots in sectors 17, 18, 19 and 22D, out of which nine deals were closed.
The authority made over ₹1,035 crore in revenue from the sale of the land parcels, mostly in sector 22D, with plot sizes ranging from over 20,200 sq. m. to 48,500 sq m.
Arihant Group, Purvanchal Projects Pvt. Ltd, Eldeco Infrastructure & Properties Ltd and Gaurs Group were the highest bidders for the land deal. Also Read: Mumbai's corporate heart is gasping for space
Uttar Pradesh-based Purvanchal Projects bought 48,564 sq m of land for nearly ₹187 crore, while Eldeco group paid ₹172.5 crore for 45,751 sq.
feet. For land parcels as large as 47,755 sq m, Delhi NCR-based Arihant Group paid ₹186 crore while Gaurs Group acquired the same amount at a cheaper rate, paying ₹167 crore. Other developers such as SG Estates Pvt.
Ltd bought 20,235 sq m in sector 22D and Splendor Group acquired 16,188 sq m in Sector 18. The reserve price per square meter in Sector 22D was between ₹32,375 and ₹35,612.50. Arihant group paid the highest premium of ₹5,087 per sq.
m. SG Estate got the cheapest deal, paying ₹32,701 per sq. m, a premium of ₹326 per sq m.
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