Canada's Brookfield to buy 30-acre land in Navi Mumbai for Rs 600 crore

Real estate experts said the price paid by Brookfield is in line with the market

Canada's Brookfield Asset Management eyes $1 billion realty lending club
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BS Reporter
1 min read Last Updated : Aug 11 2021 | 11:20 PM IST
In one of the biggest land deals in the country in the last couple of years, Canada's Brookfield is set to buy a 30-acre land parcel in Navi Mumbai, a satellite town of Mumbai, for Rs 600 crore from K Raheja Corp, sources said.
 
Brookfield plans to build a data centre on the plot. Raheja, which bought the land parcel in Ghansoli of Navi Mumbai from US chemicals company Cabot Corporation in 2015 for Rs 210 crore, will get a three-time return from the sale.
 
Real estate experts said the price paid by Brookfield is in line with the market.


Topics :Brookfieldproperty dealsNavi Mumbai

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