DLF, the country's largest realty firm, on Thursday bagged a 350-acre plot for Rs 1,750 crore (Rs 17.50 billion) in Haryana for developing a recreation and leisure project, making it one of the costliest land deals in recent times.
"The letter of acceptance has been issued to the successful bidder (DLF) after getting the approval from the state government," Priya Sardana, Deputy General Manager, Haryana State Industrial & Infrastructure Development Corporation Ltd (HSIIDC) told PTI.
Earlier this week, DLF emerged as the sole bidder for the 350-acre project after the bids of other parties Unitech and Malaysia-based Consortium comprising Country Heights, Country Club of South Africa and Rajarhat IT Park - did not qualify on technical grounds.
The qualified bidder, DLF, had quoted its bid at Rs 12,000 per sq mt against the reserve price of Rs 11,978 per sq mt for the project.
Earlier, BPTP had bagged a 95-acre plot in Noida for Rs 5,006 crore (Rs 50.06 billion) in 2008, but later surrendered it as it was unable to arrange funds for the payment.
DLF had acquired 38 acres in the heart of Delhi for Rs 1,675 crore. Unitech had bagged 1,750 acres in Vizag for Rs 3,350 crore (Rs 33.50 billion), while the company won 340 acres in Noida at Rs 1,582 crore (Rs 15.82 billion) in 2006.
