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Aricent Group sells land parcel in Gurgaon’s largest corporate disposition

The land parcel is on the Old Gurgaon Highway, adjacent to the residential project Gurgaon One, and the ticket size of the deal is Rs206 crore

Aricent Group said that it has concluded the largest corporate land disposition in the history of the Gurgaon real estate market. The deal was brokered by international property consultants Jones Lang LaSalle India. The land parcel is on the Old Gurgaon Highway, adjacent to the residential project Gurgaon One, and the ticket size of the deal is Rs206 crore.

The transaction involved the sale of 17.63 acres of prime land to Ambience Developers, one of the largest local developers in the NCR region. It was conducted in accordance with GE Sigma 6 methodology, which ensured quality, operational excellence and optimal value creation.

Nitish Bhasin, managing director—Delhi NCR, Jones Lang LaSalle India, confirms that this transaction represents the single-largest corporate land disposition in Gurgaon till date. “Three of the largest national-level real estate players were the next-highest bidders for this strategically located land parcel. It was a complex transaction that involved a lineup up top bidders and was successfully concluded at the end of a fair and transparent two-bid process.”
 

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