JSW Infrastructure buys Rs 88-crore office space in Navi Mumbai’s Nerul
JSW Infrastructure secured prime office space from L&T Realty in Navi Mumbai's Nerul for Rs 88 crore, covering over 52,690 sq ft in 11 units at L&T Seawoods Grand Central. This acquisition trend emphasizes purchasing properties over leasing. Additionally, the deal includes 52+ parking slots and required a Rs 5.29 crore stamp duty, per Propstack’s records, registered on July 16. As India’s second-largest private port operator, JSW Infrastructure noted an 8% net profit decline to Rs 296.55 crore for June's quarter, while revenues surged 20% to Rs 1,104 crore. Furthermore, subsidiary JSW Port Logistics aims to acquire a 70.37% stake in Navkar Corporation, worth Rs 1,644 crore, by Q3.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.