YEIDA land auction: Eldeco and Purvanchal buy land parcels
Real estate firm Eldeco Infrastructure and Properties Ltd has purchased a 20,000 sq meter land parcel near the upcoming Jewar airport in Noida. Another developer Purvanchal Projects has bought a 40,000 sq metre land. The land was purchased through an auction conducted by the Yamuna Expressway Industrial Development Authority (YEIDA).
Eldeco purchased land for Rs 96.86 crore, while Purvanchal paid Rs 149.47 crore. As per updates both the land parcels are for group housing projects and developers are expected to build high rises on the acquired land.
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