The Aricent Group has justÂ concluded the largest corporate land disposition in the history of the Gurgaon real estate market.Â 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. ItÂ was conducted in accordance with GE Sigma 6Â 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.Â It was aÂ complex transaction that involved a lineup up top biddersÂ and was successsfully concluded at the end of a fair and transparent two-bid process”