India, Nov. 12 -- Delhi-NCR-based developer KW Group has acquired a 1.5-acre freehold land parcel in Indirapuram, Ghaziabad, for Rs.133.98 crore through an auction conducted by the Ghaziabad Development Authority (GDA). The project has an estimated development potential of around 5 lakh sq ft and a gross development value (GDV) of approximately Rs.877 crore. The acquisition cost is exclusive of stamp duty and registration charges., the company said in a statement on Nov 12. The project is also backed by a Rs.150 crore commitment from ASK Property Fund, the real estate investment arm of ASK Asset & Wealth Management Group, which is backed by Blackstone. KW Group plans to begin construction soon after obtaining the necessary statutory appro...