It was celebrated as the biggest land deal in India and was worth The Rs 5,000-crore land deal, when a small time realestate developer BPTP outbid its competition including DLF and Omaxe to win the 5006 crore land deal in Noida.
According to officials and the grape vine in the realty sector, BPTP is finding it difficult to raise the funds that it needs to pay off the land deal. BPTP was unable to even raise funds for the first installment of this deal and has been granted a 2 month extension to live up to its end of the bargain.
