Mumbai's mill land auctions continue to fetch sky-high prices. Indian developer Indiabulls Real Estate on Friday won National Textile Corp’s (NTC's) Bharat Mill for a whopping Rs 1,505 crore.

The winner of the second auction in just a week, IBREL bought the 8.37 acre plot in central Mumbai of NTC's Bharat Textile Mills, for an amount which is 100% above the reserve price of Rs 750 crore.