India’s biggest bid- land deal

BPTP outbid DLF for a area of land in Noida near Delhi with a Rs 5,000-cr offer. BPTP quoted the highest sum for the site -- Sector 94 running along the Noida and Greater Noida Expressway -- bidding at Rs 1,30,207 per square metre, followed by the country’s largest real estate company DLF which quoted Rs 1,17,000 per square metre and Omaxe at Rs 80,100 per square metre. BPTP’s winning bid was nearly 70% more than the reserve price of Rs 2960 cr for the land parcel. But the deal was called off after BPTP failed to arrange funds to finish the deal.