The plot is situated in Kalwa, alongside the Thane-Belapur Street, which is experiencing speedy progress because of its proximity to Thane, which is among the busiest actual property markets within the area. It is usually near Navi Mumbai, the place numerous initiatives are arising each, within the residential and business segments.
“We’re witnessing main builders strategically positioning themselves throughout key markets, buying important land parcels,” mentioned Anand Moorthy, Co-founder and CBO, Capital Market & Companies, Sq. Yards.
“This aligns with the rising demand for workplace areas in addition to residential flats in gated communities, as home-buyer preferences have shifted in direction of initiatives that provide a spread of facilities and open areas,” he added.
The high-value offers out there signalled worthwhile alternatives for builders in each residential and business sectors, he identified.
Growing transparency by way of the digitisation of land data has created confidence amongst stakeholders and inspired world corporations and tech giants to broaden their presence in India.
The transaction was finalised this month and the corporate paid a stamp obligation of ₹37.61 crore.
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