by Property Forum
British investor Ghai Sant Ram, acting through Ghai Family Holding, has acquired a plot of approximately 30,000 sqm near Pipera Plaza in northern Bucharest from George Becali. The purchase price was approximately €14.3 million and the land was acquired together with a building permit. Ghai Sant Ram plans to develop a residential project of approximately 650 apartments on the site. The deal was brokered by CGA Home Consulting through Cătălin Apetri, the company's CEO and founder, who also serves as Romania Development Director for Ghai Family Holding.
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