📷 Image: Wikimedia Commons / Kalanie064
Business
Punjab cricket body purchases land at Rs 3 crore per acre, up from Rs 19 lakh
✍️ India Today
🗓 14 Oct 2026, 12:32 PM
👁 10
Firms that originally bought a parcel of land for Rs 19 lakh per acre have sold it to the Punjab Cricket Association for Rs 3 crore per acre, according to India Today.
Several firms acquired a tract of land at a price of Rs 19 lakh per acre. The same land was later transferred to the Punjab Cricket Association, which paid Rs 3 crore per acre for the purchase. The transaction highlights a steep increase in valuation over a short period.
The Punjab Cricket Association, the governing body for cricket in the state, has not disclosed the intended use of the land, but the deal has drawn attention due to the large price differential. Industry observers note that such jumps in land prices are not uncommon in rapidly developing regions, though they often raise questions about transparency.
India Today reported the figures without providing details on the identities of the firms involved or the exact location of the parcel. No official comment has been released by the cricket body or the sellers as of now.
The Punjab Cricket Association, the governing body for cricket in the state, has not disclosed the intended use of the land, but the deal has drawn attention due to the large price differential. Industry observers note that such jumps in land prices are not uncommon in rapidly developing regions, though they often raise questions about transparency.
India Today reported the figures without providing details on the identities of the firms involved or the exact location of the parcel. No official comment has been released by the cricket body or the sellers as of now.