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

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.