Mumbai Land Deals: ILP 4 India and L&T Realty Acquire Key Plots in Kurla and Panvel

Major Mumbai Land Deals ILP 4 India and LT Realty Acquire Key Plots

Moving on from joint developments developers are now also actively seeking land purchase for projects In Mumbai the major land deals in the last two days were done by LT Realty which acquired a 34-acre land parcel in Panvel near Mumbai from three different landowners in a transaction valued at over Rs 102 crore and by ILP 4 India 1 Private Limited which has purchased a land parcel in Kurla Mumbai for Rs 1935 crore from Shri Aditya Finwealth Private Limited

LT Realty’s First Outright Land Acquisition

Until now LT Realty has exclusively followed joint development agreements JDAs and joint venture JV partnerships to expand its portfolio avoiding direct land acquisition The land parcel located in proximity to the riverfront is currently designated as an industrial zone However it remains unclear whether the company intends to seek a change of land use for developing a residential project on the site or if it plans to utilise the plot for setting up a precast manufacturing facility to support its construction operations

ILP 4 India 1’s Kurla Acquisition

ILP 4 India 1 Private Limited acquired a plot in Kurla located in the heart of Mumbai which is a commercial and residential hub with excellent connectivity to key business districts such as BKC Andheri and Lower Parel The locality benefits from its strategic position along the Central and Harbour railway lines as well as proximity to the international airport and major roads like the Eastern Express Highway and the upcoming metro corridors With a mix of commercial and industrial estates retail centres and residential developments Kurla continues to reinforce its role as a vital growth corridor in the city

Company Profiles

• ILP 4 India 1 Private Limited is a private infrastructure and construction company incorporated in 2019 under the Companies Act 2013 ILP 4 India 1 is engaged in the real estate and construction industry
• Shree Aditya Finwealth Private Limited is a private unlisted non-government company incorporated on 28th January 1955 With a legacy spanning over 70 years it has been primarily engaged in the finance sector The company remains actively operational to date