It is the mother of all land deals. Delhi-based real estate developer BPTP has won the bid for a 95-acre commercial plot in Noida for Rs 5,006 crore, outbidding realty giant DLF.

“It’s a competitive bidding. We outbid DLF by 10 per cent,” said BPTP Managing Director Kabul Chawla after winning the bid. Other leading players Omaxe and Ansal were also in the fray. BPTP’s land deal is the biggest in India. The country’s biggest real estate developer DLF had clinched a 38-acre land deal in the national capital for Rs 1,675 crore.

Chawla said the company would invest over Rs 3,000 crore to develop a “commercial city. The Delhi-based company bagged the land along Noida and Greater Noida Expressway from New Okhla Industrial Development Authority. Bids Evaluation Committee, Noida Development Authority Chairman Yash Pal Singh said, “Today, we opened the bids and BPTP has emerged as the highest bidder with Rs 1,30,207 per sq mt.”