Real Estate Transactions

Runwal Group buys 20-acres in Thane for Rs.471-Cr

Economic Times  

Property developer Runwal Group has acquired an over 20-acre land parcel in Thane near Mumbai from chemical company PB Global for around INR 471 crore. The first part of the deal for around 9-acre plot, which is a freehold land parcel, has already been concluded for over INR 204 crore. Other tranches will be concluded based on certain approvals from the government. Runwal Group is financing this land acquisition through its sales and accruals.

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