Japanese firm inks 80-yr lease with MMRDA for BKC plots
Hindustan TimesMumbai: The Mumbai Metropolitan Region Development Authority has once again earned big bucks from its plot in Bandra Kurla Complex. Earlier this week, Japanese group Sumitomo Corporation formally inked an 80-year lease agreement for two MMRDA plots measuring 2.94 acre in G Block of BKC for a sum of ₹2,067 crore. According to real estate analytics firm CRE Matrix, who accessed the deal documents, the company Goisu Realty paid a stamp duty of ₹ 111.61 crore on the transaction This plot is close to Mumbai-Ahmedabad High Speed train and Metro rail stations. According to real estate analytics firm CRE Matrix, who accessed the deal documents, the company Goisu Realty paid a stamp duty of ₹111.61 crore on the transaction. “Goisu Realty’s acquisition of two prime commercial plots in Bandra Kurla Complex reaffirms Mumbai’s status as a thriving real estate hub.
History of this topic
Sumitomo acquires 8,054 sq m land from The Bombay Dyeing and Manufacturing Company for ₹440 crore in Mumbai
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PMRDA proposes to rent out land for planned development in Hinjewadi-Maan
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