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Real Sector Sector: Another big land deal has happened in the real estate sector in Noida of Delhi-NCR. Real estate sector giant County Group has bought a 28-acre plot in Noida for Rs 450 crore. County Group will develop a luxury housing project on this plot.
Plot bought from Indiabulls Housing Finance
Boom is being seen in the property market of Delhi NCR. Due to increase in housing demand, the highest increase in property prices in the country in 2022 has been seen in Delhi-NCR. Housing demand has increased, so to take advantage of the opportunity, County Group has bought this land of Ambience Group from Indiabulls Housing Finance. Indiabulls has sold this plot to recover the outstanding loan from Ambience Group. Confirming the deal, County Group director Amit Modi said that the registry of the land has also been done. He told that the county group will pay all the dues of the Noida Authority to develop the housing project on this land and obtain approval to start the work on the project.
County Group will develop luxury housing project
County Group will develop luxury housing project on this purchased land. Let us tell you that the promoters of ABA Corp had established the County Group in 2019. The company launched its first housing project in Greater Noida with an investment of Rs 300 crore.
Big land deals in Delhi-NCR in 2022
Many big land deals have been done in the real estate sector in Delhi NCR in the current year. Allen Group has bought a plot on Dwarka Expressway from Indiabulls Real Estate Limited for Rs 580 crore, on which a commercial project will be developed along with housing. Elan Group has bought a plot in Gurgaon for Rs 200 crore from Ambience Group for Rs 200 crore. Last month, Godrej Properties won two 12.4-acre plants in Noida by bidding for Rs 377 crore. M3M Group has acquired a 13-acre plot in Noida in auction for Rs 827.41 crore.
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