{"id":1485,"date":"2017-04-04T18:22:09","date_gmt":"2017-04-04T12:52:09","guid":{"rendered":"https:\/\/www.propstack.com\/news\/?p=1485"},"modified":"2017-04-04T18:22:09","modified_gmt":"2017-04-04T12:52:09","slug":"salarpuria-sattva-buys-10-acres-in-hitec-city-in-hyderabad","status":"publish","type":"post","link":"https:\/\/www.propstack.com\/news\/salarpuria-sattva-buys-10-acres-in-hitec-city-in-hyderabad\/","title":{"rendered":"Salarpuria Sattva buys 10 acres in Hitec City in Hyderabad"},"content":{"rendered":"<p>The Salarpuria Sattva Group has bought 10 acres of premium land in Hitec City in Hyderabad from BPTP, a Gurgaon-based builder for an undisclosed amount, a person with direct knowledge of the deal told ET.<\/p>\n<p>&#8220;The deal was closed last week and Salarpuria plans to build 4 million sq ft office space,&#8221; the source said.<br \/>\nBijay Agarwal MD of Salarpuria Sattva group could not be reached for comment.<\/p>\n<p>In 2015, BPTP sold its 8,00,000 sq ft office building, BPTP Crest, Crest, in Gurgaon, to a joint investment platform of Bengaluru-based builder RMZ and Qatar Investment Authority for Rs 850 crore to pay institutional investors, two people close to the transaction said. BPTP got Rs 450 crore. &#8220;Salarpuria will invest more than $2 billion in Hyderabad alone with an investment of over $2 billion by 2020,&#8221; said the source, adding that Salarpuria is increasingly looking to step up investment in office space.<\/p>\n<p>&nbsp;<\/p>\n<p>Read more:\u00a0<a href=\"http:\/\/economictimes.indiatimes.com\/industry\/services\/property-\/-cstruction\/salarpuria-sattva-buys-10-acres-in-hitec-city-in-hyderabad\/articleshow\/58002684.cms\" target=\"_blank\">The Economic Times<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Salarpuria Sattva Group has bought 10 acres of premium land in Hitec City in Hyderabad from BPTP, a Gurgaon-based builder for an undisclosed amount, a person with direct knowledge of the deal told ET. &#8220;The deal was closed last week and Salarpuria plans to build 4 million sq ft office space,&#8221; the source said.\u2026 <span class=\"read-more\"><a href=\"https:\/\/www.propstack.com\/news\/salarpuria-sattva-buys-10-acres-in-hitec-city-in-hyderabad\/\">Read More &raquo;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7],"tags":[30],"class_list":["post-1485","post","type-post","status-publish","format-standard","hentry","category-city","category-hyderabad","tag-salarpuria-sattva-group"],"_links":{"self":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/1485","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/comments?post=1485"}],"version-history":[{"count":1,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/1485\/revisions"}],"predecessor-version":[{"id":1486,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/1485\/revisions\/1486"}],"wp:attachment":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/media?parent=1485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/categories?post=1485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/tags?post=1485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}