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Overview
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“The great thing in
the world is not so much where we stand, as in what direction we are moving.”
Oliver Hendell Holmes |
Since its inception in 2003, BPTP Limited
has been driven by this philosophy and has become one of the fastest growing companies
in real estate business in India. Headquartered in New Delhi, BPTP currently has
66 residential, commercial and IT Parks & IT/ITES SEZ projects out of which
13 projects are underway in NCR and Hyderabad.
Today the company has a high quality land bank comprising more than 2,000 acres
out of which over 70% is already licensed land for development.
Recognizing the future growth potential of the company, Citigroup Property Investors
and JP Morgan Chase are equity partners in the BPTP group. Merrill Lynch has partnered
with BPTP at a project level. These commitments attest to great investor confidence
in BPTP.
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Milestones
2003
Inception of BPTP Limited as a Real Estate development Company with a focus on residential,
commercial projects, IT parks & IT/ITeS SEZ projects
2004 -5
Acquires land in Faridabad and Gurgaon
Launches BPTP Parklands, one of the largest integrated township projects in northern
India
2006
Launches group housing projects in Faridabad and Gurgaon
2007
Merrill Lynch invested Rs. 1120 million (USD 27 million) in a joint venture with
a group company of BPTP to develop an IT project in Gurgaon.
Citigroup Property Investors (CPI) invests in BPTP to acquire 5.89 percent stake
in the company for Rs. 322.50 crore.
Steps out to Hyderabad to acquire land for mixed use development.
2008
Gets Central Government’s formal approval for four IT-SEZ Projects in Faridabad,
Gurgaon, Noida and Greater Noida.
SEZs at Faridabad, Noida & Greater Noida have been notified by the Central Government
.
2009
Noida Authority allotted fully paid land of 21.17 acres in Sector 94, Noida.
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