"HDIL has registered a development agreement with DK Realty (India) to sell the development rights in respect of the piece and parcel of land situated at Kurla for a consideration of Rs 649.51 crore," the company said in a filing to the BSE.
HDIL has several projects in the Mumbai metropolitan region and has developed over 100 million sqft area of commercial, residential and retail space.
The company has a land reserve of 243.99 million sqft as on March 31 and has around 40,00,000 sqft of TDR.
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