Keystone Realtors Ltd to acquire land in Dahisar East, Mumbai

Keystone Realtors Limited has on November 8, 2023, entered into an Agreement for Sale with Haren Textiles Private Limited and Harit Synthetic Fabrics Private Limited for acquisition of land admeasuring approximately 16,152.29 square meters situated at Dahisar (East), Mumbai - 400 068 ("said Land").

The consideration under the Agreement for Sale is on a staggered basis subject to fulfillment of necessary conditions precedents.

The Company expects to generate a potentiality of approximately 6 lakh square feet (on carpet area) from the development of the said Land, as per the extent provisions of Development Control & Promotion Regulations for Greater Mumbai, 2023.

The consideration to be paid is Rs. 218,50,00,000/- (Rupees Two Hundred and Eighteen Crore and Fifty Lakh Only) for acquisition of the said Land.

Shares of Keystone Realtors Limited was last trading in BSE at Rs. 554.40 as compared to the previous close of Rs. 548.65. The total number of shares traded during the day was 179 in over 33 trades.

The stock hit an intraday high of Rs. 567.00 and intraday low of 551.00. The net turnover during the day was Rs. 99829.00.

Source : Equity Bulls

Keywords

KeystoneRealtors INE263M01029 Residential Commercial LandAcquisition DahisarEast Mumbai