Many Noida-based developers are buying licensed land in Gurgaon not from villagers, but directly from the ‘secondary’ market as part of their expansion strategy.

ATS Group is launching its mid-segment projects in sectors 104 (14 acres) and 109 (10 acres) in the next three months. The group has purchased land from the open market. The 14-acre plot was bought for R150 crore. HDFC Portfolio Management Services has partly financed the purchase. Geetamber Anand, vice-president, CREDAI and CMD of ATS Group, confirmed the projects.

Paras Buildtech has acquired 7 acres from M3M Developers in Sector 70 A. M3M Developers has sold a part of the 28 acres that it had bought from DLF for Rs. 440 crore earlier this year to Paras Buildtech.

Harinder Nagar, promoter of Paras Buildtech, said buying licensed land in Gurgaon is an easier and faster process for developers new to the Gurgaon market. The group plans to construct high-end apartments worth over Rs. 1 crore in Sector 70 A. The project will be launched in May. It will be self-financed.

Assotech Ltd has purchased about 12 acres of licensed land from Uppals Group and QVC Realty. Sun Apollo India Real Estate Fund has invested R75 crore in the project located in Sector 99. The project called Blith will be launched on May 5. “We are planning to do two more projects in Gurgaon,” said Sanjeev Srivastav, managing director, Assotech Ltd.

Supertech Group also plans to construct a high-end project of 30 storeys in Sector 79, Gurgaon, on a 10-acre plot. "This will be a joint-venture and is part of our expansion strategy," said RK Arora, CMD, Supertech Limited. The project is expected to be launched in the next 15 days and the starting price will be R5,000 per sq ft.

Amrapali Group has already entered an agreement for a 20-acre land parcel along the Northern Peripheral Road in Gurgaon and is looking for private equity funding. The project will be launched in a couple of months. “We are also thinking of buying a licensed land parcel in Faridabad,” said Amrapali Group CMD Anil Kumar Sharma.

-TOI
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  • Paras has really upped its stakes in RE
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  • “We are also thinking of buying a licensed land parcel in Faridabad,” said Amrapali Group CMD Anil Kumar Sharma.


    this is most important news :D now these die hard Noida Guys are also giving Faridabad a hard look

    rohit
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  • Matlab Gurgaon ki Bhi waat lag jaaye gi



    ---
    I am here: http://tapatalk.com/map.php?ftrog3
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  • Originally Posted by rohit_warren
    “We are also thinking of buying a licensed land parcel in Faridabad,” said Amrapali Group CMD Anil Kumar Sharma.


    this is most important news :D now these die hard Noida Guys are also giving Faridabad a hard look

    rohit


    Faridabad already has the likes of Triveni, Pal, Ferrous, RPS, BPTP, Zion and what not. May be there are already more shady builders in Faridabad than in any other city of India.

    What will addition of another such player (Amrapali) achieve?
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  • Originally Posted by rohit_warren
    “We are also thinking of buying a licensed land parcel in Faridabad,” said Amrapali Group CMD Anil Kumar Sharma.


    this is most important news :D now these die hard Noida Guys are also giving Faridabad a hard look

    rohit



    One of the worst builders:bab (45): of noida/ghaziabad could be one of the best builders :bab (44):of Faridabad. Good for Faridabad. :bab (59):
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  • some other Noida builders also trying to come in gurgaon,

    Paramount & IITL NIMBUS
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  • Dwarka expressway is the next realty hotspot...I would prefer it to Noida expressway due to the airport proximity factor.

    PS- I have investments on Noida expressway projects....

    cheers
    Propmaster
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  • Except ATS, all these names will only devalue the Gurgaon RE brand.
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  • Originally Posted by cyberjunkie
    Except ATS, all these names will only devalue the Gurgaon RE brand.

    Exactly it does....
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  • Originally Posted by cookie
    One of the worst builders:bab (45): of noida/ghaziabad could be one of the best builders :bab (44):of Faridabad. Good for Faridabad. :bab (59):

    very good that means some euphoria of Noida/gaziabad will come to faridabad too - I will exit then :P


    rohit
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  • Originally Posted by rohit_warren
    very good that means some euphoria of Noida/gaziabad will come to faridabad too - I will exit then :P


    rohit


    Amrapali Group BPTP se to aacha hi hai, better to exit from BPTP and enter in Amrapali.

    BTW check the quality of Luxury Independent Floors of BPTP in FDB, DDA Flats ko bhi maaat de raha hai. :D

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  • ab builder toh nikal rhe hain dhire dhire investor bi pareshan hokr nikalne lag jayenge ..
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  • Originally Posted by saurabh2011
    Amrapali Group BPTP se to aacha hi hai, better to exit from BPTP and enter in Amrapali.

    BTW check the quality of Luxury Independent Floors of BPTP in FDB, DDA Flats ko bhi maaat de raha hai. :D


    arre ye photo kaha se li - mujhe to photoshopped lag rahi hai -

    rohit
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  • Ha ha ha ha
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  • Developers didn't have an option..Noida is all sold out thanks to Behen ji!!...it made all sense for developers to move to Gurgaon rather than taking exposure in 'disputed' NEx or YExpway..

    BTW, this will lead to scarcity which is good from an investors point of view...
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