GeeCee Ventures Acquires Prime Mumbai Land for ₹139 Crore, Expanding Real Estate Portfolio
GeeCee Ventures has made a significant land acquisition in Mumbai's Goregaon West, purchasing 4,003.80 square meters for ₹139 crore. The company plans to develop the land, signaling its confidence in the Mumbai real estate market.
Mumbai Real EstateLand AcquisitionGeecee VenturesGoregaon WestReal Estate DevelopmentReal Estate MumbaiNov 06, 2025
The land bears CTS no. 919/A and is strategically located in a rapidly developing area of Mumbai. GeeCee Ventures has executed and registered a conveyance deed for the purchase, and the company plans to undertake appropriate development on this land in the future. This acquisition represents a significant step in expanding the company's real estate portfolio in one of Mumbai's prime locations.
The transaction is transparent, with no affiliation to the Promoter/Promoter Group or related parties. The seller is a third-party entity, and the transaction does not fall under the category of Related Party Transactions. No Promoters, Directors, Key Managerial Persons, or their relatives have any direct or indirect interest in this transaction.
This land acquisition is a strategic move by GeeCee Ventures to capitalize on the potential for development in the Goregaon West area. As the real estate market in Mumbai continues to evolve, this acquisition positions GeeCee Ventures to benefit from future growth opportunities in the region. The company's decision to invest a substantial amount in this land parcel indicates its confidence in the area's development potential.
Historical stock returns for GeeCee Ventures show mixed performance over different periods. Over the past day, the stock has seen a positive return of +3.00%, and over the past five days, it has gained +4.40%. However, the stock has seen a slight decline over the past month (-1.62%) and a more significant drop over the past year (-15.36%). Despite these fluctuations, the five-year performance is notably strong at +371.72%, indicating a long-term upward trend.
GeeCee Ventures' recent activities, including this significant land acquisition, reflect the company's strategic focus on expanding its real estate portfolio and positioning itself for future growth in the competitive Mumbai real estate sector. The development plans for this newly acquired land could have a significant impact on the company's future performance and market position.
Frequently Asked Questions
What is the total area of the land acquired by GeeCee Ventures in Mumbai?
GeeCee Ventures has acquired 4,003.80 square meters of land in Mumbai's Goregaon West area.
How much did GeeCee Ventures pay for the land in Mumbai?
GeeCee Ventures paid ₹139 crore for the land, excluding stamp duty and registration charges.
Where is the acquired land located?
The land is located at Plot No. 1, Udyog Nagar Estate, Swami Vivekanand Road, Goregaon West, Mumbai - 400104.
Is the transaction transparent?
Yes, the transaction is transparent, with no affiliation to the Promoter/Promoter Group or related parties.
What are GeeCee Ventures' plans for the acquired land?
GeeCee Ventures plans to undertake appropriate development on the acquired land in the future, signaling its confidence in the potential for growth in the Goregaon West area.
Related News Articles
Managing Risks in Non-Performing Commercial Real Estate Assets: A Strategic Approach
Learn how to identify and mitigate risks associated with non-performing commercial real estate assets, ensuring sustainable income generation and value appreciation.
Reviving India's Architectural Heritage: A New Era in Real Estate
The blending of tradition and modernity in Indian real estate is not just about building homes but about crafting legacies that will stand the test of time.
Hrithik Roshan Leases Premium Office Space in Mumbai for Rs 5.62 Lakh Monthly
Hrithik Roshan has leased out his premium commercial property in Goregaon, Mumbai, for Rs 5,62,000 per month. Meanwhile, he is busy filming War 2, adding to his busy schedule.
Monthly House Rents Surge by 9-21% in 2024: Noida's Sector 150 Witnesses the Highest Hike
In 2024, rental prices in major Indian cities have seen a significant increase, with Noida's Sector 150 leading the surge. The rise in Mumbai's rental prices, particularly in the Chembur suburb, has also been notable, marking a shift in the real estate ma
Bombay High Court's Landmark Ruling on Natural Guardians and Joint Family Property
The Bombay High Court recently made a significant ruling that clarifies the rights and responsibilities of natural guardians in managing joint family property, particularly in situations involving inheritance and ownership disputes.
Priyanka Chopra Sells Her Luxurious Mumbai Apartments for Over Rs 13 Crore
Bollywood star Priyanka Chopra has offloaded her luxurious apartments in Mumbai's prestigious Lokhandwala Complex for a staggering Rs 13 crore. The sale has raised eyebrows in the real estate market, highlighting the value of celebrity-owned properties in