Timing is an issue but then a company with business of “holding just landbank” has no good reason to keep holding asset and keep reporting losses (via maintenance expenses). One expects such clean cases to move faster than GOCL.
Re: pricing, let’s ignore news article, an acre is 4047 sqmts. Any decent metro in India will cost u much more than 15k / sqmtr. This translates to about 6cr per acre. We are getting land at Rs 1.1cr per acre…about 2.5k per sqmtr.
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