As many as 17 real estate players namely Era Infra Engineering Ltd, Noida, Madhucon Projects Ltd, Hyderabad, Parsvnath Developers Ltd, New Delhi, PNC Infratech Ltd, Agra, TDI Infrastructure Private Ltd, New Delhi, Som Datt Builders Private Limited, New Delhi, Eldeco Infrastructure and Properties Ltd, New Delhi, Ambience Projects & Infrastructure Ltd, New Delhi, Gammon India Ltd, Mumbai, EWDPL India Private Ltd, Indore, Writers & Publishers Ltd, Bhopal, SOM Distilleries & Breweries Ltd, Bhopal, D B Malls Bhopal, DLF, Omaxe, Runway, Unitech were in the fray to bid for the mega project for which there was no reserve price and bidders were asked to bid speculative prices.
"We are expecting to generate revenue of more than Rs 2,500 crore from the project, which we expect to complete one year ahead of schedule," Jagdish Arora, chairman and managing director of SDBL said.
SDBL will develop a total area is 74.25 acres. "We will develop two big malls, one retail mall, one theme mall with two hotels