Reliance Retail buys property worth Rs1,000 crore in NCR
17 Jan 2007
New Delhi: The Mukesh Ambani-promoted Reliance Retail has acquired property worth Rs1,000 crore over the last week in the national capital region.
Sources said Reliance Retail acquired a property at Vikaspuri in West Delhi valued at around Rs280 crore apart from seven other properties valued at around Rs700 crore.
Six of these properties are at Dwarka near the Indira Gandhi International Airport and one is at Rohini in West Delhi. The company would be taking part in another bid tomorrow for two properties at Vasant Kunj in South Delhi which are together expected to be valued around Rs25 crore.
The properties acquired by Reliance Retail were a part of auctions by the Delhi Development Authority, through which it had collected about Rs900 crore against a reserve price of about Rs400 crore.
