Category Archives: Land deal

Legal, regulatory woes hit land deals in Mumbai, suburbs

Land deals in Mumbai and its suburbs have dried up as buyers, wary of legal and regulatory hurdles, refuse to pay up the money demanded by sellers, industry officials and analysts said. The demonetisation exercise and the crackdown on black money haven’t helped either. Last month, drugmaker GlaxoSmithKline Pharmaceuticals Ltd cancelled bids to sell 64 acres… Read More »

Puravankara sells land in Hyderabad for Rs 475 crore

Puravankara Projects has sold 100% stake in three subsidiary companies including land to Hetero Group, a lead in pharmaceutical company in India for Rs 475 crore. The subsidiary companies was expected to construct a real estate project in Raidurg in Hyderabad. The three subsidiaries include Purva Land Ltd, Purva Marine Ltd and Purva Hotels Ltd.… Read More »