Piramal Capital Sells Commercial Property in Mumbai for ₹187 Crore
Mumbai real estate: Piramal Capital and Housing Finance Limited has sold a commercial building along with the land asset spread across an area of 2,034 sq m for ₹187 crore to Shoquba Realty Private Limited in Santacruz area of Mumbai.
Mumbai Real EstateCommercial PropertyPiramal CapitalShoquba RealtyProperty DealsReal EstateOct 04, 2024
The transaction includes two basement floors, one stilt floor, three podium floors, and eight more floors, the documents showed. The stamp duty paid for the transaction is ₹11.22 crore. A registration fee of ₹30,000 was also paid, the documents showed. Piramal Enterprises, in a regulatory filing earlier, had stated that Piramal Capital & Housing Finance Limited (‘PCHFL’), a wholly-owned subsidiary of the Company has sold its immovable property comprising of land and building situated at Santacruz East, Mumbai for a total consideration of ₹187 crore. Shoquba Realty Private Limited could not be reached for a comment. In a similar recent transaction,
Property Ventures (India) Pvt Ltd, a subsidiary of RK Marbles, had sold an IT Park in Mumbai's Malad area to Clear Bridge Ventures LLP for ₹335 crore in August, according to property registration documents accessed by CRE Matrix. The IT Park is spread across an area of 1.96 acres and is located in the Linking Road area of Malad West. It is a ground-plus-six floors property having a total saleable area of 1.47 lakh sq ft. It has 123 car parking spaces and six slots for vehicles, according to the documents. In July 2024, automobile manufacturer Mahindra and Mahindra Limited had sold a 20.5 acre land parcel in Mumbai's Kandivali area for ₹210 crore, according to property registration documents by CRE Matrix.
Frequently Asked Questions
What is the location of the commercial property sold by Piramal Capital?
The commercial property is located in Santacruz area of Mumbai.
What is the total consideration for the sale of the commercial property?
The total consideration for the sale of the commercial property is ₹187 crore.
Who is the buyer of the commercial property?
The buyer of the commercial property is Shoquba Realty Private Limited.
What is the size of the commercial property?
The commercial property is spread across an area of 2,034 sq m.
When was the sale transaction formalised?
The sale transaction was formalised through a deed of conveyance on September 26, 2024.
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