Khaitan & Co acted as legal counsel to ILP 4 India 1 Private Limited (an IndoSpace entity) in relation to acquisition of land admeasuring ~4 acres along with structures standing thereon situated at Andheri, for an aggregate consideration of ~₹193.50 crore.
The Firm conducted comprehensive due diligence in respect of the aforesaid property and drafted and negotiated all transaction documents.
The transaction team consisted of Harsh Parikh (Partner) and Anirudh Jakhotia (Principal Associate).
The transaction encompasses a 3.95-acre plot (15,985 sq. meters) and includes multiple existing structures with a combined built-up area of around 4,519 sq. meters (approximately 48,641 sq. feet).
The seller of this property is Shri Aditya Finwealth Private Limited, a non-government company established in 1955. The deal was officially registered in May 2025, incurring a stamp duty of ₹11.61 crore and a registration fee of ₹30,000.
According to the Mumbai Development Plan 2034, the acquired land is designated for industrial use. Kurla's strategic location offers excellent connectivity via the Central and Harbour railway lines, proximity to the Bandra-Kurla Complex (BKC), and access to major roads like the Eastern Express Highway. These factors enhance its appeal for redevelopment and investment.
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