Canada's Brookfield to buy 30-acre land in Navi Mumbai for Rs 600 crore

Real estate experts said the price paid by Brookfield is in line with the market

Canada's Brookfield Asset Management eyes $1 billion realty lending club
Representative Image
BS Reporter
1 min read Last Updated : Aug 11 2021 | 11:20 PM IST
In one of the biggest land deals in the country in the last couple of years, Canada's Brookfield is set to buy a 30-acre land parcel in Navi Mumbai, a satellite town of Mumbai, for Rs 600 crore from K Raheja Corp, sources said.
 
Brookfield plans to build a data centre on the plot. Raheja, which bought the land parcel in Ghansoli of Navi Mumbai from US chemicals company Cabot Corporation in 2015 for Rs 210 crore, will get a three-time return from the sale.
 
Real estate experts said the price paid by Brookfield is in line with the market.


One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :Brookfieldproperty dealsNavi Mumbai

Next Story