Dic India
DIC India zooms 16% on receiving first tranche of payment for land sale
Shares of Godrej Properties also rose as much as 3.32 per cent on the BSE
 "DIC India zooms 16% on receiving first tranche of payment for land sale")
Godrej Properties purchases 3 acre land in Mumbai for Rs 153 crore
Godrej Properties has bought about 3 acre land parcel in Mumbai from DIC India Ltd for Rs 153 crore. The company said in a statement that ithas "entered into an agreement to purchase land in the upcoming & fast developing micro-market of Chandivali, Mumbai." Spread across about 3 acres, this project will offer 0.45 million square feet of saleable area primarily comprising residential apartments with a small amount of retail space. Separately, DIC India said in a regulatory filing that its boardhas approved the sale of land located atChandivali. The consideration of this land parcel is up to Rs 153 crore to be paid in three tranches, the filing added. Earlier this month, Godrej Propertiesacquired nearly 27 acre land parcel in the national capital for Rs 1,359 crore to develop luxury housing project.
 "Godrej Properties purchases 3 acre land in Mumbai for Rs 153 crore")
DIC India surges 20% on Mumbai land disposal plan
In August 2013, DIC India informed the stock exchange regarding the closure of the Mumbai unit
 "DIC India surges 20% on Mumbai land disposal plan")
