Representative Imagerealty News Today

Kalpataru Ltd acquires rights for housing society redevelopment in Lokhandwala, Mumbai with significant revenue potential. Multiple redevelopment projects in progress in Mumbai suburbs. Market achieves record highs despite rising property prices.

The developer’s residential platform and the landlord have finalised a revenue share structure for the proposed joint development, wherein K Raheja Corp will get 57% revenue share, while the balance 43% will go to the landlord.

Ludhiana: The acquisition was finalised at a bidding amount of Rs 220 crore, it added. Omaxe will develop both residential and commercial projects on this land parcel.

Solitaire Groups subsidiary, Honest Vastunirman, has acquired a 20-acre land parcel in Mumbai for nearly Rs 550 crore. The property developer will construct 140 residential tenements on the land.

Marg: K Raheja Corp has paid stamp duty of Rs 7.80 crore for the registration of the deal that took place on June 16. Following the execution of the transaction, the developer has paid Rs 105 crore to the erstwhile landowner.

As per the revenue-share agreement, K Raheja Corp Homes will develop and handover 24.5% of the built-up space to landowner Cinevista, while retaining 75.5% of the developed space.