6 hrs ago
BPTP Sells 150 Faridabad Flats for Rs 750 Crore
BPTP is building a housing project called SkyNest in Faridabad.
The project is planned to have 325 apartments in two towers.
The company said it has sold 150 apartments for about Rs 750 crore.
That works out to an average of Rs 5 crore for each apartment.
BPTP's CEO said buyers are still showing strong interest in homes across Delhi-NCR.
However, a report by Anarock said housing sales in the region dipped slightly in July-September compared with the same period a year earlier.
The report counted 13,765 homes sold, down from 13,920.
BPTP sold 150 apartments in its SkyNest project in Faridabad for about Rs 750 crore.
The reported average price was Rs 5 crore per apartment.
The 5.4-acre project is planned to have two residential towers and 325 apartments.
BPTP CEO and President Manik Malik said demand in the Delhi-NCR residential market remains strong.
Anarock reported Delhi-NCR housing sales fell 1% year over year to 13,765 units in July-September.
- Who
- Realty firm BPTP Ltd.
- What
- Sold 150 apartments in its SkyNest project for about Rs 750 crore.
- Where
- Faridabad, in the Delhi-NCR region.
- When
- The announcement was reported on October 9; the article says the company made the statement on Friday.
- Why
- The company attributed the sales to strong demand; its CEO said demand in the Delhi-NCR residential market continues to be strong.
Key facts
- Project
- SkyNest
- Apartments sold
- 150
- Reported sales value
- About Rs 750 crore
- Average ticket size
- Rs 5 crore per flat
- Project area
- 5.4 acres
- Planned project size
- Two residential towers comprising 325 flats
- Delhi-NCR housing sales
- 13,765 units in July-September, down 1% from 13,920 in the year-ago period, according to Anarock
Sources
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