BENGALURU/MUMBAI: Real estate developer BPTP is in the process of selling its land parcel in Gurgaon to Godrej Properties . The 20-acre land along the Dwarka Expressway is valued at around Rs 350 crore, said two persons familiar with the development. "Some part of the money will be paid to Citi too," said another person who did not want to be named. Godrej Properties responded to query saying, "As a matter of company policy, we do not comment on market speculation. The company plans to sell some of the noncore assets to raise funds for meeting business requirements, said one of the persons mentioned above.

Source: Economic Times September 19, 2016 02:26 UTC