BPTP
Southern developer RMZ Corp, backed by Qatar Investment Authority (QIA), is close to buying an IT park owned by BPTP for Rs 800 crore, people directly involved with the matter said. The Bangalore-based RMZ is acquiring the 650,000-sq-ft IT park in Phase IV, Gurgaon, built on 4.5 acres and located close to the international airport. [...] Continue Reading »
The anti-competitive practices and the abuses of dominance top the list of complaints that have been filed by the consumers against the real estate players with the Competition Commission of India (CCI). As much as 150 cases have so far come to the fair trade regulator pertaining to the same as sources say. While the [...] Continue Reading »
There is some good news for BPTP Limited as the Competition Commission has rejected allegations that real-estate firm BPTP Limited and its subsidiary Countrywide Promoters had abused their dominant market position. This was with respect to development and sale of residential apartments in Gurgaon. An individual had filed a complaint against BPTP Limited that they had imposed [...] Continue Reading »
Another real estate scam has been busted by The Faridabad police. Kabul Chawla, the managing director of the real estate company BPTP Ltd has been booked under cheating, fraud and criminal conspiracy. Rohit and Mamta Kapoor had registered an FIR with the Faridabad police stating that they had booked two plots in A block, Sector [...] Continue Reading »
Faridabad, a major industrial hub and the largest city of Haryana, is now considered to be the booming real estate hotspot. The city has been witnessing enormous development in physical as well as social infrastructure. The prevailing lower rates of properties is attracting most of the working population for long term investment as well as [...] Continue Reading »
Pataudi Road, located in the vicinity of three major highways –Gurgaon Expressway (NH-8),the upcoming Kundli-Manesar-Palwal (KMP) Expressway and the Dwarka Expressway, is on route to become a residential hub in NCR. A part of the 2021 Gurgaon-Manesar Master Plan, Pataudi Road offers affordable prices at present and the increase in demand is set to push [...] Continue Reading »
The apartments in Gurgaon, maximum are turning to be high-rises. High-rise apartments might be a pride to real estate sector of the city, however these high-rises the distinct divide between Delhi-Gurgaon Expressway is blurring. Couple of years ago, the National Highway-8 that is Delhi-Gurgaon Expressway use to give a clear distinct between old and new [...] Continue Reading »
How annoyed would be the property buyers when they were promised to get their houses within two years from the time of booking. Similar is the case in the national capital region Delhi NCR. One of the residential projects commenced during year 2005-06 has not yet been completed which was supposed to be handed over [...] Continue Reading »
BPTP, a renowned real estate developer has bought Merrill Lynch’s stake in its Gurgaon property. The developer buys 49% of Merrill Lynch stake in the Gurgaon Crest office complex for Rs 180 crore. In 2007, Merrill Lynch had invested Rs 100 crore in the project. Even BPTP has its own office in the same complex. [...] Continue Reading »
Astaire Gardens, an upcoming residential township in Sector-70A of Gurgaon by BPTP has created an interest in Kotak Realty Fund. The realty fund has invested Rs 170 crore in the NCR-based developer’s project. The investment has been done by its foreign Kotak India Real Estate Fund. They are expecting a return of above 18-20% from [...] Continue Reading »
