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Noida authority inks Sport City land deals
The Noida Development Authority on Monday sealed two Sports City deals in R1,707 crore. Logix Group bagged a 200-acre plot in Sector 150 for Rs 975 crore. JS Group was allotted another plot of 150-acre in Sector 79 for Rs 732 crore.
Updated on: Mar 29, 2011, 01:15:46 IST
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The Noida Development Authority on Monday sealed two Sports City deals in R1,707 crore. Logix Group bagged a 200-acre plot in Sector 150 for Rs 975 crore. JS Group was allotted another plot of 150-acre in Sector 79 for Rs 732 crore.
The financial bids for these Sports City plots had opened on Monday.
“Technical bids opened on March 24 and two companies applied for these two plots. After scrutiny of documents and opening of the financial bid, the highest bidders were declared winners,” said deputy general manager Bipin Gaur.
The developers can build residential apartments in 30% of the proposed area. These will be connected by Metro Rail.
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