• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

New Delhi, May 24

Unitech on Tuesday outbid rival DLF Universal to bag the 340-acre city development contract on Noida Expressway with an offer of Rs 1,583 crore. For the project where 50 per cent land would be used for open area development and greenery and the rest for residential accommodation, Unitech had bid at Rs 11,529 per sq. metre.

The reserve price was Rs 5,740 per sq. metre, which works out to approximately Rs 788 crore. The load density has been kept at a maximum of 250 persons per hectare.

In a company release, Mr Sanjay Chandra, Managing Director, Unitech Ltd said, "We understand that Unitech is the highest bidder in the tender for the development of Express City in UP. Express City is a milestone project in the real estate development industry which has been experiencing significant growth."

More Stories on : Announcements | Real Estate & Construction

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Panel concern over ONGC's safety mechanism

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line