Category Archives: Mumbai

Six Cidco plots sold for Rs 177 crore

Six land tender plots for residential-cum-commercial purposehave fetched Cidco a total of Rs 177 crore. The plots were sold to the highest bidders on Friday. While five plots put up for bidding were in Sanpada, sector 8; the sixth plot was in Nerul sector 38. “It is not surprising that these land plots have again… Read More »

K Raheja-GIC close to buying prime Worli land for Rs 600 cr

Realty developer K Raheja Corp and Singapore’s sovereign wealth fund GIC are close to acquiring a prime three-acre land parcel in Worli in Mumbai from Siemens India for around Rs 600 crore, said three persons familiar with the development. Following the conclusion of the joint bid , Raheja and GIC are planning to develop a… Read More »

Peninsula Land to sell 150 acres land to reduce debt

Property developer Peninsula Land Ltd plans to sell 150 acres of land in three cities to raise Rs800 crore, a top company executive said. The Ashok Piramal Group company plans to use most of the sale proceeds to bring its debt down to around Rs1,000 crore from Rs1,739 crore in June. The sale plans come… Read More »