ANAROCK Capital closes sale of 41-acre land parcel in NCR

In a major land deal in NCR, the Capital Markets division of leading independent real estate advisory ANAROCK Group has successfully closed the sale of a 41-acre land parcel on the Ballabhgarh-Sohna Highway.
Pardos Logistics, a subsidiary of Pardos Real Estate (a development platform incubated by the DMI Group’s Alternative Investment Fund) will utilise this land parcel to develop 1 million sq ft of prime warehousing space. The prevailing land prices around the Ballabhgarh-Sohna Highway region range from Rs 1.4 to 1.5 crore/acre.
Akshay Uday, Sr. Vice President – ANAROCK Capital, says, “The land, which was acquired from a group of Delhi-based investors, will be developed over a period of 18 months with an investment corpus of approximately Rs 200 crore. The land is ideally located, benefiting from proximity to critical road infrastructures like the Delhi-Vadodara Expressway, Eastern Peripheral Expressway, National Highway 8, and KMP Expressway.”