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The capital markets team of Cushman & Wakefield facilitated the transaction for Conscient Infrastructure, which has a portfolio spanning across residential, commercial, retail and value housing. The land has strategic value as the area has a direct connectivity from present NH8 and upcoming connectivity from the Extension Road connection.
Market sources said the deal has been struck for around Rs 85 crore.
Conscient Infrastructure: "Gurugram market is currently seeing a bullish run and this deal will help the client to fully leverage it," Hardeep Lamba, Managing Director, Land & Capital Markets, North & East India, said.
Hero Realty Pvt Ltd has purchased a 5- acre land in Gurugram for Rs 90 crore to develop a plotted residential project. The deal was facilitated by property consultant Cushman & Wakefield. The name of the seller has not been disclosed. Hero Realty, promoted by Sunil Kant Munjal's Hero Enterprise, has bought the land in Sector 85, Gurugram, the consultant said in a statement.