AIPL buys 43 acres land in Gurugram
Real estate firm AIPL has purchased a 43-acre plot in Gurugram from the Debt Recovery Tribunal (DRT). The deal is done for Rs 1,000 crore for the land where the firm plans to develop a large township project named AIPL Lake City.
The project has a revenue potential of Rs 1,500 crore with the phase 1 work already underway. This acquisition is part of an 80-acre plot in Sector 103 on the Dwarka Expressway in Gurugram. Further, AIPL is in the process of adding another 20 acres to the existing land bank.
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