DMart’s parent company Avenue Supermarts Limited has invested Rs 88.74 crore in a property in Kandivali.

According to documents accessed by Square Feat India, provided by Propstack, the deal was signed on August 24, 2023.

The seller is Gauri Land Developers, and the buyer is Avenue Supermarts limited this is the parent company of DMart.

The property details includes, unit nos, 1, 2, 3 in the basement, unit nos, 1, 2, 3, in the ground floor, unit nos, 1, 2, 3 on the first floor, unit nos, 201, 202, 203, 204, 204, 206, 207, 208, on the second floor of the building Gauri excellency, Babrekar Nagar, Kandivali West, Mumbai.

The carpet area of the total deal is 45,876.92 sq ft, whereas the built-up area is 47,234.77 sq ft.

The total number of car parking that DMart will be able to access is 44.

Also Read: DMart CEO & Wife buys a house for ₹66 Crore in Bandra

You May Also Like

MHADA Eases Premium Payment Norms for Redevelopment Projects

MHADA has eased premium payment rules for redevelopment under Regulation 33(5), allowing payments in 5–6 installments depending on plot size. The move aligns with MCGM norms, reduces financial pressure, and aims to accelerate redevelopment of MHADA layouts.

‘We Cut Costs, You Raised Prices’: CM Fadnavis Slams Builders at CREDAI-MCHI Event

At CREDAI-MCHI’s leadership change event in Mumbai, CM Devendra Fadnavis criticised developers for raising home prices despite the government meeting their demands, including premium cuts and infrastructure upgrades.

Bengaluru metro’s enhanced connectivity to foster growth of offices in key locations; Whitefield to see 8-10% rental growth in next 2 years

With the Baiyappanahalli-Whitefield metro project likely to be fully operational by mid-year, rentals…

Maharashtra’s First Outlet Mall Set to Open in Bhiwandi with 150+ Brands

Bhumi World is set to launch the Outlet Mall of India in Bhiwandi, Maharashtra’s first dedicated outlet mall featuring more than 150 fashion and lifestyle brands offering year-round discounts. The project aims to transform Bhiwandi into a major retail and leisure destination in the Mumbai Metropolitan Region.