RMZ Corp, Bangalore-based real estate developer, has bought around 25 acres of land in the outer ring road area of the city from another developer, Adarsh Developers, to increase its footprint in the city. According to highly-placed sources close to the development, the land deal was clinched with an approximate value of Rs 4-5 crore per acre. "RMZ was looking for land in the recent past in the Bangalore market. They had also floated advertisements for the same. The present land parcel, which is in the outer Ring Road area of the city, is likely to be developed as a Special Economic Zone (SEZs) in the near future," an industry source said. Adarsh Developers had around 300 acres of land in the outer ring road area, of which the company had monetised this land parcel, he added.
8 Dec 2010 Business Standard
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Friday, December 24, 2010
Plot for sale
Residential plot for sale at Bangalore North, on Hennur road, 7KM from the Ring Road.
The property is situated at Fern Meadows layout and the size of the plot is 5888 sft and its fully developed layout and lot of families residing at the layout
The price expected is Rs.2500/ sft
For any further details feel free to contact us
The property is situated at Fern Meadows layout and the size of the plot is 5888 sft and its fully developed layout and lot of families residing at the layout
The price expected is Rs.2500/ sft
For any further details feel free to contact us
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