Real Estate

Real Estate Transactions

Lodha to buy Unichem's land parcel in Mumbai’s Jogeshwari for Rs.279-Cr

Economic Times  

Realty developer Lodha, listed as Macrotech Developers, is to acquire a land parcel spread over 3.4 acres in Mumbai's western suburb Jogeshwari from pharmaceutical company Unichem Laboratories for over INR 279 crore.The land parcel at Prabhat Estate off Swami Vivekananda Road houses an office building spread over 82,000 sq ft, which was the registered office of the company until now. The book value of this property in the company's books of accounts is about INR 2.18 crore. No business operations of the company were carried out from this property.