Noida Authority e-auctions 6 commercial plots for around Rs 2,700 crore

The Noida Authority has e-auctioned six commercial-builder plots for around Rs 2,700 crore, the Authority said in a statement on November 15. These plots, in different sectors, have a total area of over 82,949 sq m.

According to the statement, there were five participants — Aditya Infracorporation Pvt Ltd, Designarch Infrastructure Pvt Ltd, Purvanchal Projects Pvt Ltd, Lavish Buildmart Pvt Ltd (M3M) and Avenue Supermart Ltd.

Real Estate

They plan to build commercial shops, office spaces, retail stores, shopping malls, showrooms, commercial complexes, hotels, restaurants, etc., on these plots.

Lavish Buildmart (M3M) Group alone will invest Rs 2,002.41 crore in Noida. Purvanchal Projects will invest Rs 307.50 crore and Designarch will invest Rs 170.70 crore on two plots.Read More