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Tata AutoComp Systems sells more than 13 acres in Pune

real estate transaction

Titania Industrial Development in Pune purchased a 13.26-acre plot of land and a 1 lakh-square-foot Structure from Tata Autocomp Systems for Rs 134 crore. Pune’s real estate is thriving, thanks to industrial growth.

The transaction was registered on 27/10/ 2023

According to documents accessed by CRE Matrix, Tata Autocomp Systems Ltd sold Titania Industrial Development in Maan, Pune, a land block covering more than 13.26 acres as well as the structure standing on it, measuring 1 lakh sq ft, for Rs 134 crore.

“In recent years, Pune real estate has been on a roll.” In the preceding two years, the city has experienced a rise in property sales as well as a few business lease arrangements, including one with Tesla. The PCMC district in Pune has attracted industrial occupants for manufacturing and warehousing. Hinjewadi is home to major IT/ITeS brands, hotels, manufacturing, and housing developments. “It’s no surprise that the transaction took place in Pune’s growth corridor, Hinjewadi,” said Abhishek Kiran Gupta, CEO and co-founder of CRE Matrix and IndexTap.

India’s office net absorption reached 10.37 million square feet in Q3, the highest level in 18 months. The industrial sector dominated gross leasing activity in the third quarter, while technology firms remained marginally limited. Except for Chennai and Kolkata, the top seven cities saw stronger net absorption of office space during the quarter. Hyderabad took first place with a 26.1 percent share, followed by Bengaluru (22.9%) and Delhi-NCR (16.4%).

If you are a developer or broker, CRE Matrix can help you make better decisions by providing data-driven insights. For any real estate asset in India, you can obtain information such as tenant names, expiry dates, lock-in expiry dates, CAM costs, deposits, and more. Schedule a demo with CRE Matrix to realize the full potential of real estate data.

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Aamor Inox purchases a South Delhi property from Mastcraft Properties for Rs 87.5 crore

FarmHouse

Located in South Delhi’s Rangpuri area, the homestand is comprised of twelve bighas of agricultural land and a farmhouse. This is the latest of numerous large-scale real estate deals that Delhi has seen this year.

Stainless steel bar manufacturer Aamor Inox Limited paid Mastcraft Properties Private Limited Rs 87.5 crore for 12 bighas of farmland and a farmhouse in Rangpuri, South Delhi. according to the documents obtained by CRE Matrix.

The sale deed was signed on September 27 under Aamor Inox Limited’s name. Based on the evidence, the corporation had to pay a stamp duty of Rs 6.12 crore for the transaction.

The farmland is located in the Malikpur Kohi, or Rangpuri, hamlet of South Delhi. Neither the buyer nor the vendor immediately replied to queries from Moneycontrol.

Delhi has closed a number of notable agreements this year, this being the most recent. In September, Laxmi Devi Agarwal, the spouse of Devkinandan Agarwal, the promoter of GR Infraprojects Limited, spent Rs 86 crore for a 1,200 square yard villa in the upscale Vasant Vihar suburb of Delhi.

An 873-square-yard mansion in Delhi’s affluent Nizamuddin East area was bought by Renu Khuller, director of Global Dent Aids, a company that manufactures interdental brushes, which are comparable to floss alternatives, for Rs 61.70 crore in August.

Lenskart co-founder Peyush Bansal paid Rs 18 crore for a house in Neeti Bagh in May, while former Indian Attorney General Mukul Rohatgi’s wife Vasudha Rohatgi spent Rs 160 crore in March for a 2,160-square-foot home in Delhi’s affluent Golf Links neighborhood.

If you are a developer or broker, you can empower your decision-making with data-driven insights through CRE Matrix. You can get details such as the entire tenure, tenant names, expiry dates, lock-in expiry dates, CAM charges, deposits, and more for any real estate asset in India. Book a demo at CRE Matrix to unlock the full potential of real estate data.