Kanakia Kanjurmarg land designer Kanakia Group has obtained a 2.5-section of land area package in the Kanjurmarg suburb of Mumbai from Windsor Realty, says a report in The Economic Times. Windsor Realty is a joint endeavor between Gopal Narang and Rajan Raheja. As indicated by the report, Kanakia Group has paid about Rs 125 crore for the area allocate was sold through an offering procedure as of late. The arrangement has been closed and was enrolled a week ago.
The area bundle used to house a plant of battery-maker Exide Industries until it was purchased by Windsor Realty to build up a premium private venture. Exide itself had gained power of the area by procuring the mechanical and assembling units of Standard Batteries
from Compose Fiscal Industries as a going concern. As indicated by land specialists, in a generally lazy property advertise, the arrangement has been finished up at a decent cost in accordance with continuous rates for area packages in and around Kanjurmarg. The area package has complete improvement capability of 5 lakh sq ft, while property costs in the region range between Rs 13,000 and 14,000 for every sq ft. With both accomplices - Gopal Narang and Rajan Raheja - at Windsor Realty being at loggerheads, this is the second land divide has been sold by the organization to another engineer, the report included.