Tag Archives: Aricent technologies

Aricent Group sells land worth Rs.206 crore in Gurgaon

Posted on by Track2Realty

Land sale, Aricent technologies, JLLM, Jones Lang LaSalle India, track2realty, track2media, ravi sinha, ncr real estate, ncr property, delhi property, delhi real estate, india real estate, india real estate news, real estate news india, india property news, property news india, india realty news, realty news indiaThe Aricent Group has just concluded the largest corporate land disposition in the history of the Gurgaon real estate market.  The land parcel is on the Old Gurgaon Highway, immediately adjacent to the prominent residential project Gurgaon One, and the ticket size of the deal is Rs.206 crores.

The transaction involved the sale of 17.63 acres of prime land to Ambience Developers, one of the largest local developers in the NCR region. It was conducted in accordance with GE Sigma 6 methodology, which ensured quality, operational excellence and optimal value creation.

Nitish Bhasin, Managing Director – Delhi NCR, Jones Lang LaSalle India, who brokered the deal confirms that this transaction represents the single-largest corporate land disposition in Gurgaon till date. “Three of the largest national-level real estate players were the next-highest bidders for this strategically located land parcel. It was a complex transaction that involved a lineup up top bidders and was successsfully concluded at the end of a fair and transparent two-bid process”