Once the land is denotified, however, the same plot then fetches price that is several times higher than the one at which the owner sells it. Several people, who were in the know of the process, bought land at throw-away prices. Now, the land has been denotified — free to use for the private development purpose. 116 acres of land went to the Nahar Group (a real estate player) and 4 acres to Swastik Properties. While 316 acres went to Ashok Industries Pvt Ltd, Sumukh Holdings Pvt Ltd got 32 acres in total.

Source: dna August 08, 2017 01:07 UTC