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Ashish Sanga had booked a flat in a proposed project in Malad by KD Builders who despite taking money did not enter agreement of sale or built the building. Sanga then approached the commission.
Godrej Properties buys 1.5 acre land parcels for ₹166 crore in Mumbai
PTI
New Delhi |
Updated on
March 01, 2021
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The project in Navi Mumbai offers about 4 lakh square feet of development potential, comprising primarily of premium residential apartments Realty firm Godrej Properties has bought around 1.5 acre land parcels for ₹166 crore in Mumbai to develop a residential project. In a regulatory filing, Godrej Properties (GPL) announced the addition of a new residential project in Sanpada, Navi Mumbai. GPL emerged as the highest bidder in the CIDCO e-auctioning process with the total bidding value of ₹166 crore for the two adjacent plots, it said. Spread over around 1.5 acres, this project will offer about 4 lakh square feet of development potential, comprising primarily of premium residential apartments with a small amount of high street retail.
Synopsis
Buyers include HDFC’s Keki Mistry, actors Hrithik Roshan, Alia Bhatt and Amrita Puri (daughter of HDFC Bank ex-chief Aditya Puri), stockbroker Motilal Oswal, cricketer Shreyas Iyer, Jatia Hotels’ Vinod Kumar Jatia, Modison Metals’ Kumar Jay Modi and Harpreet Singh Minhas of Harman Finochem.
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Prices have eased 10-15% over the last few months, incentivising many fence-sitters to take the plunge. (Representative Image)
Mumbai: Captains of industry, corporate bosses, cricketers and actors are among those setting Mumbai’s luxury real estate abuzz again.
Thanks to the pandemic-led price correction and stamp duty reduction, the last couple of months have seen closure of several big-ticket realty deals.