Lodha Developers bags development rights for land parcel in Mumbai
Real estate developer Lodha Developers has bagged development rights for a prime 4.3-acre land parcel at Mumbai's Malabar Hill. As per The Economic Times, the land parcel houses six bungalows and other structures with an estimated development potential of nearly Rs 2,800 crore.
The transaction involves an upfront payment along with a mix of monetary and non-monetary consideration to the land-owning trust after redevelopment.
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