Finally, Indiabulls Real Estate Ltd has bought PAL-Peugeot's 134-acre Dombivali land in Mumbai’s suburbs for Rs 676 crore. According to Indiabulls Real Estate Ltd’s officials, “We have bought this land through the High Court. Post acquisition, we now plan to develop 15 million sqft of integrated townships, which will include retail malls, commercial offices and residential properties. Once the projects get completed, we hope to get an average value realisation of Rs 3,000 to Rs 4,000 crore in the next four years.”Indiabulls buys PAL-Peugeot Mumbai land for Rs 676 cr
Wednesday, April 23, 2008
Indiabulls buys PAL-Peugeot Mumbai land for Rs 676 cr
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Following the footsteps of Nariman Point and Bandra-Kurla Complex (BKC), Lower Parel is coming up well as the Extended Business District (EBD) at Mumbai’s commercial real estate scenario.
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