K Raheja Corp Real Estate Pvt Ltd has bought a 5.73-acre land parcel located on Ashok Chakravarty Road in Kandivali East in Mumbai for Rs 466 crore. The seller is Global e-Service Pvt Ltd (formerly known as The New Vinod Silk Mills) and the transaction is valued at Rs 4,660,000,000, according to property documents accessed by CRE Matrix, a real estate data analytics firm.
The agreement includes the sale of all pieces and parcels of land along with an existing building on the 5.75-acre site. The deal, concluded on December 22, 2024, also involved a considerable stamp duty of Rs 31,740,000 (around Rs 3.17 crore), emphasizing the land's high valuation.
The deal encompasses 5.75 acres of land situated on the bustling Ashok Chakravarty Road, known for its strategic location and accessibility.
