Real Estate Transactions

Oberoi Realty acquires 4.2-acres in Mumbai's Bhandup suburb for Rs.115-Cr

Economic Times  

Realty developer Oberoi Realty has acquired an over 4.2-acre land parcel on LBS Marg in Mumbai's north eastern suburb Bhandup for INR 115 crore, through one of its subsidiaries Oberoi Constructions. The plot has a total residential development potential of around 8-9 lakh sq ft. Oberoi Realty emerged as the highest bidder for the plot at an e-auction held by the Debt Recovery Tribunal. The e-auction was conducted for the recovery of debt from Industrial & Agricultural Engineering Company (Mumbai) Pvt Ltd.

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