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

 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.

Also Read: MahaRERA Becomes First in India to Cross 50,000 Housing Project Registrations

The post ILP 4 India 1 Acquires Prime Kurla Land Parcel for ₹193.5 Crore appeared first on Square Feat India.

Documents accessed by SquareFeatIndia reveal that the land parcel, measuring approximately 22,891.40 square meters (about 5.65 acres), includes associated buildings, development rights, future FSI benefits, and road setback entitlements. The transaction is contingent on K Raheja Corp obtaining the Intimation of Disapproval (IOD) from the Brihanmumbai Municipal Corporation (BMC) for the property’s development. The buyer is responsible for securing the IOD at its own cost and must notify the seller in writing upon its receipt. Once the IOD is obtained, the transaction must be completed within 30 days.

The payment schedule begins with ₹403 crores in December 2024, progressively increasing to ₹466 crores by December 2029, with installments tied to specific milestones. Additionally, K Raheja Corp has provided a refundable, interest-free security deposit of ₹210 crores, which will remain with the seller until the transaction’s long stop date, five years from the agreement date.

This transaction represents a significant step in Mumbai’s real estate sector, involving a 5.65-acre prime land parcel in a strategic location.

Also Read: Businessman Buys Worli Flat for Rs 23..89 Crore

The post K Raheja Corp Signs Landmark ₹466 Crore Deal for Kandivali East Land Parcel appeared first on Square Feat India.