20.96 acres of land in Thane’s Manpada, was bought by Dhruva Woollen Mills for ₹471 crore here are all the details.

By Varun Singh

In a big ticket deal in Thane a huge parcel of land has been sold.

The land deal includes three parcels of land, all located in Chitalsar area of Manpada in Thane.

The total area of the land sold measures 20.96 acres and the money paid for the land parcels is ₹471 crore.

The first land parcel measures 9.24 acres, sold for ₹204 acres.

The second land parcel measures 6.85 acres and this was sold for ₹159 crore.

Whereas, the third land parcel measures 4.87 acres which was sold for ₹107 crore.

According to documents accessed by SquareFeatIndia provided by CRE Matrix, the seller of all the three land parcel is PB Global ltd whereas, the buyer is Dhruva Woollen Mills associated with Runwal developers.

Documents reveal that the paper work related to the land deal was carried out on March 31, 2022 whereas the registration was done on April 5.

The total stamp duty paid for the registration of the 20.96 acres of land is ₹28.26 crore.

Thane the neighbouring district of Mumbai has seen mega development over the last few years.

Top developers from Mumbai including the Oberoi, Hiranandani, Lodha all have projects in this area.

Thane connects the central suburbs of Mumbai via the LBS Marg and the Eastern Express Highway, whereas the Ghodbunder road gives it access to Mira Road and the western suburbs of Mumbai.

Mumbai also has seen some big ticket deals in the recent past.

Including a ₹55 crore duplex being sold in BKC in Signature Island.

Another mega deal in the luxury segment was registered in April where an apartment was sold for ₹40 crore in Carmichael Residencies which took the per square feet rate to ₹1.25 lakh per square feet.

In March 2022, a 10,566 square feet flat in Worli’s Rahjea Legend was sold for Rs 144 crore, thus taking the per square feet value to ₹1.32 lakh.

A detailed message sent to Sandeep Runwal got us no response.

Also Read: Kohinoor group buys 32 acre land in Pune

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