Lodha Developers acquires 945 apartments in Mumbai’s Mankhurd for ₹567 crore
Representative Image Lodha Developers has acquired over 945 apartments as permanent transit camp (PTC) units in Mumbai’s eastern suburb of Mankhurd from another real estate developer in a transaction valued at Rs 567 crore. This is the largest SRA-linked asset transfers recorded so far and reinforces the growing trend of offsite PTC fulfilment in Mumbai’s real estate market. The transaction involving bulk purchase of apartments includes a total built-up area of 3.39 lakh sq ft and is a compliance-driven move. The company has paid stamp duty of Rs 34.02 crore for the registration of the bulk transaction that took place…
