Cranex Ltd : A Material Handling Company and a value buy

As per below link Cranex Ltd owns 10000 sq mt land in Sahidabad Industrial Area
14 kms from Connaught Place NewDelhi .

http://goo.gl/QC7Avo

Those from Delhi can confirm but when i search 99acres i get indicative rates ranging from Rs.30000 – Rs.60000 per sq mt . At lower end of 30000 this translates to land value of 30 Crs ( Co m’cap 4 Crs ) . Book value of this land in the annual report for March 2014 is just Rs.1835000.

Link of 99 acres which i accessed is given below for ref .

http://goo.gl/CJm4Yf

This is only an academic exercise since the land is where the factory is.But its an attempt to measure value.