06 Aug Raheja signs ₹78 crore deal with Cinevista for Kanjurmarg land
Posted at 15:45h
in 2024
Leading developer K Raheja Corp has signed a development agreement (DA) with television production company Cinevista Ltd for a 15,817 sq m (3.91 acre) land parcel at its Kanjurmarg studio space for ₹78.35 crore. The group is planning to develop a premium residential project on the plot.
According to the agreement, the developer and the landowner will share area as well as revenues in the development. While K Raheja Corp Real Estate Pvt Ltd will have an area share of 75.5%, Cinevista Ltd will have an area share of 24.5%.