In a significant real estate deal, the Mumbai Khadi & Village Industries Association has sold a 3.84-acre freehold land parcel in Borivali, Mumbai, for ₹539 crore. The transaction highlights the increasing interest in prime land in suburban areas.
Real EstateLand SaleMumbaiBorivaliMixeduse DevelopmentReal Estate NewsApr 14, 2025
The sale of the 3.84-acre land in Borivali for ₹539 crore is significant as it highlights the growing demand for prime land in suburban Mumbai and is expected to boost local development and the real estate market.
The land was sold to a private developer with a strong track record in real estate, who plans to develop a mixed-use project on the site.
The Mumbai Khadi & Village Industries Association plans to use the proceeds from the land sale to fund various initiatives and projects aimed at uplifting the local community and promoting sustainable development.
The buyer plans to develop a mixed-use project on the site, which could include residential apartments, commercial spaces, and possibly a retail component.
The sale of the land is expected to have a positive impact on the local economy by creating jobs and fostering further development in the surrounding areas.
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