Canopy Living LLP to buy 16.38 acres land parcel in Chennai
The joint venture (JV) of Arihant Foundations & Housing Ltd and Prestige Estates Projects Ltd is buying a 6.381-acre land parcel in Chennai. Canopy Living signed an agreement for the land with Sundaram-Clayton Ltd.
This deal is done for Rs 560 crores and involves the land located at Korattur village in Ambattur taluk. Sundaram-Clayton Ltd has already received an advance of Rs 25 crore, while the balance consideration of Rs 535.67 crore will be paid at the time of execution of the final sale deed.
Also Read: 25 acres of land parcel acquired by Prestige Estates in Chennai