Navi Mumbai, July 4, 2024 - Larsen & Toubro’s realty arm, L&T Seawoods Limited, has completed the sale of 59,457 square feet of commercial space for ₹100 crore to Suryoday Small Finance Bank. The property, located in Seawoods Grand Central in Navi Mumbai, includes 12 commercial units and 58 car parking spaces. The transaction was registered on July 4, 2024, as per the property registration documents accessed by PropStack.
In addition to the purchase price, Suryoday Small Finance Bank paid a stamp duty of ₹6.31 crore and a registration fee of ₹30,000. The per square foot rate for this transaction is calculated at ₹16,828.
L&T Seawoods Limited highlighted the strategic importance of Seawoods Grand Central, describing it as a prime location attracting numerous corporate interests. "Seawoods Grand Central is the star attraction for many prospective corporates, especially with its premium 11th floor still available,” an L&T spokesperson said in an email response to HT.com.
JSW Infrastructure's Acquisition
Additionally, JSW Infrastructure has acquired its second floor of 52,695 square feet in Seawoods from L&T Realty for ₹88.11 crore. This deal further underscores the high demand for commercial spaces in the Seawoods Grand Central complex.
The Seawoods Grand Central area continues to be a major draw for corporates due to its premium facilities and strategic location in Navi Mumbai, a satellite city near Mumbai.
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