Finolex Industries has sold its leasehold rights of 25 acres for ₹470 crore to Terra Vista Developer in Pimpri, Waghere, Pune, documents accessed by CRE Matrix showed.
Finolex Industries has sold its leasehold rights of 25 acres for more than ₹470 crore to Terra Vista Developer in Pimpri, Waghere, Pune, property documents showed. (REPRESENTATIVE PHOTO)
This concerns all the pieces and parcels of MIDC leasehold land … and structures on it situated in Pimpri Industrial Area, Pimpri Waghe, Takula Haveli, Pune, according to the Deed of Assignment that was registered on April 3, 2024.
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The land parcel was leased to the PVC pipes manufacturer by Maharashtra Industrial Development Corporation (MIDC), the documents showed.
In 2022, Microsoft Corporation (India) had acquired 10.89 lakh sq ft of commercial plot in Pune from Finolex Industries for a consolidated amount of ₹328.84 crore. The commercial plot located at Pimpri Waghere in Pune had been acquired through an agreement with Finolex Industries to transfer the lease for ₹328.84 crore.
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In 2022, Microsoft Corporation (India) had acquired 10.89 lakh sq ft of commercial plot in Pune from Finolex Industries for a consolidated amount of ₹328.84 crore. The commercial plot located at Pimpri Waghere in Pune had been acquired through an agreement with Finolex Industries to transfer the lease for ₹328.84 crore.
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Home/Real Estate/Finolex Industries sells leasehold rights of 25 acres of land in Pune for ₹470 crore
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