NRG secures plot near SG Highway for Rs 34 cr

The land, which belonged to Heart Foundation and Research Institute, was sold for Rs 92,000 per sq yard as against the current price of Rs 70,000 to Rs 75,000 per sq yard

A plot of 3600 sq yard near S G Highway gone for Rs 34 crore in an auction held on Monday. The land, which belonged to Heart Foundation and Research Institute, was sold for Rs 92,000 per sq yard as against the market rate of Rs 70,000 to Rs 75,000 per sq yard.

According to sources in charity commissioner office, Bharti Dhanak, a Dubai-based Gujarati, has bought the land. Dhanak owns jewellery business in Dubai. The auction was carried out at the charity commissioners office where some local developers also took part.
Source: Ahmedabad Mirror 30th November, 2010