Business Standard

Wednesday, January 08, 2025 | 12:08 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

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
Premium

Representative Image

BS Reporter
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

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in