In a significant real estate transaction signaling continued investor confidence in Mumbai’s central suburbs, ILP 4 India 1 Private Limited has acquired a strategically located land parcel in Kurla for ₹193.5 crore. The deal was officially registered in May 2025, as per documents reviewed by Square Yards from the Maharashtra Inspector General of Registration (IGR) portal.
The land parcel, measuring approximately 15,985 square meters (~3.95 acres), was purchased from Shri Aditya Finwealth Private Limited, a legacy financial firm incorporated in 1955. The transaction includes existing built-up structures spanning over 4,519 sq. meters (~48,641 sq. ft.), further enhancing the strategic value of the site.
📍 Kurla: Mumbai’s Evolving Growth Corridor
Located at the heart of Mumbai, Kurla is a rapidly transforming zone, connecting key commercial centers like Bandra-Kurla Complex (BKC), Andheri, and Lower Parel. The area boasts robust rail and road connectivity, with links to both Central and Harbour railway lines, the Eastern Express Highway, and upcoming metro corridors. It is increasingly viewed as a crucial mixed-use hub, blending residential, commercial, and industrial activity.
📄 Deal Highlights
| Particulars | Details |
|---|---|
| Buyer | ILP 4 India 1 Private Limited |
| Seller | Shri Aditya Finwealth Private Limited |
| Location | Kurla, Mumbai |
| Transaction Value | ₹193.5 crore |
| Land Area | 15,985 sq. m (~3.95 acres) |
| Built-up Area on Site | 4,519 sq. m (~48,641 sq. ft.) |
| Stamp Duty Paid | ₹11.61 crore |
| Registration Fee | ₹30,000 |
| Land Use (DP 2034) | Industrial |
🏗️ Who Is ILP 4 India 1?
ILP 4 India 1 Private Limited, incorporated in 2019, is a private infrastructure and construction firm active in the real estate and urban development space. The acquisition reinforces the company’s strategic intent to invest in central Mumbai’s infrastructure-linked growth corridors.
🏦 Legacy Seller: Shri Aditya Finwealth Pvt. Ltd.
Founded in 1955, Shri Aditya Finwealth is a non-governmental private entity historically engaged in the finance sector. With a 70-year legacy, it remains operational and has now exited this particular land asset through this marquee deal.
🔮 What Lies Ahead?
With Mumbai’s Development Plan 2034 classifying the parcel under industrial land use, speculation surrounds possible future redevelopment — potentially into a logistics hub, mixed-use park, or industrial-commercial cluster, subject to regulatory permissions and zoning revisions.
The deal underscores Kurla’s emergence as an investment-worthy micro-market, with well-connected infrastructure, land banking potential, and evolving zoning policies drawing in long-term institutional and private players.
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