Oberoi Constructions Ltd bought a piece of land in Bhandup from the Debt Recovery Tribunal for a consideration of ₹115 crore in an auction.

By Varun Singh

This is one of the biggest realty deal concerning a parcel of land that took place in the year 2021

A land measuring 14371.56 square meters was bought by Oberoi Constructions Ltd in Bhandup.

According to sale certificate accessed by SquareFeatIndia provided by Zapkey.com, the land is located in Bhandup West.

The industrial land along with machinery was sold by the Debt Recovery Tribunal No 1, Mumbai.

The land was purchased by Oberoi Constructions for a total amount of ₹115.54 crore.

According to documents the ready reckoner rate of the land is ₹119 crore.

The land is located on the Mumbai-Agra road in Bhandup West.

The documentation in regards to this deal was carried out on November 24, 2021 while the next day it was registered.

A stamp duty of ₹5.96 crore was paid for the registration of the land deal.

The Tribunal according to a report conducted the e-auction on September 15 for recovery of debt from Industrial & Agricultural Engineering Company (Mumbai) Pvt Ltd.

Also Read: Sushant & Ankita had bought 2 different flats in 2013

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