Land sold at loss of crores
No Comments Sub Category:Uncategorized Posted On: Dec 01, 2011
Housing Development and Infrastructure Limited (HDIL), a leading developer recently sold a 15.5-acre at a loss of around Rs. 42 crores.
This plot was bought from B M Khaitan group for Rs 115 crore and was sold with a deal of Rs. 29 crore less than purchased amount.
This land dealing has surprised all the real estate experts in India.
Real estate experts feel that this land would have been sold for much better deal as it is a clear sign of huge loss.
Source: The Times of India
Tags:
B M Khaitan group, Developer, Housing Development and Infrastructure (HDIL), Huge loss, India, Land dealing, Real estate experts, Realty News
