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K Raheja Corp buys 3.7-acre land parcel in Mumbai's Mulund for Rs 130 crore
Realty developer K Raheja Corp has acquired a 3.72-acre land parcel on LBS Marg in Mimbai's ’s central suburb for Rs 130 crore. The company is planning to develop a premium residential project on the said parcel.
K Raheja Corp has paid stamp duty of Rs 7.80 crore for the registration of the deal that took place on June 16. Following the execution of the transaction, the developer has paid Rs 105 crore to the erstwhile landowner. The company will be paying the balance amount of Rs 25 crore to the seller after 9 months from the execution of the deed or within 3 days of receiving the commencement certificate from concerned authorities, whichever is earlier, showed documents accessed through CRE Matrx.
Both the parties have agreed that in the event of the balance consideration or any part thereof is not paid on the due date, the developer will pay the seller interest at 12% per annum from the due date till the actual payment is made.Read more...
K Raheja Corp has paid stamp duty of Rs 7.80 crore for the registration of the deal that took place on June 16. Following the execution of the transaction, the developer has paid Rs 105 crore to the erstwhile landowner. The company will be paying the balance amount of Rs 25 crore to the seller after 9 months from the execution of the deed or within 3 days of receiving the commencement certificate from concerned authorities, whichever is earlier, showed documents accessed through CRE Matrx.
Both the parties have agreed that in the event of the balance consideration or any part thereof is not paid on the due date, the developer will pay the seller interest at 12% per annum from the due date till the actual payment is made.Read more...