The Podar Mills owned by the National Textile Corporation, owned by the Government of India is now bought by The Indiabulls Infratech Ltd. for Rs. 474 Cr. There were eight participants offering 77 bids for an online auction of the said land of almost 2.4 acres at a prime location of Worli naka in south Mumbai. Along with Indiabull, other participants like, the Runwal group, Peninsula Development Pvt. Ltd., Lodha group and others participated in the e-auction.
NTC Is planning to arrange for 10 more such auctions for the lands owned by them.