Ambuja Neotia Acquires 25-Acre Newtown Land

Ambuja Neotia Group has bought a big piece of land, 25 acres, from Shapoorji Pallonji Real Estate in Newtown.

This land is near the ITC Infotech campus.

The deal was not cheap, but it was less than the usual price because of some complicated rules.

Ambuja Neotia can use a quarter of the land for homes and the rest for offices and shops.

They plan to build a mall and are thinking about other things to put there.

The whole project will take about 5 to 7 years to finish.

Ambuja Neotia is a big company that builds homes, shops, offices, and even hotels.

They also have special hospitals for mothers and children.

The exact price of the deal was not shared, but it was a special agreement between the two companies.