India's commercial vehicle manufacturer Ashok Leyland has carried out its sale to MRF Group of its exclusive 1 acre residential property in about Rs.210 crore. Ashok had put up this property on sale since past 2 years which is now labeled as the 2nd biggest deal quoted in Chennai’s Boat Club locality this year, CNBC-TV18 reported.
A few months later Leyland’s Hinduja realty division has completed the sale of the residual section of its residential properties to MRF Group owned by KM Mammen as a part of its strategy to sell non-core assets. And the sale of the entire property is fixed at Rs. 210 crore, the proceeds of which have been received by the company fully, as stated by Ashok Leyland to BSE.
A few months later Leyland’s Hinduja realty division has completed the sale of the residual section of its residential properties to MRF Group owned by KM Mammen as a part of its strategy to sell non-core assets. And the sale of the entire property is fixed at Rs. 210 crore, the proceeds of which have been received by the company fully, as stated by Ashok Leyland to BSE.
With this strong move of cutting the debts by selling the land, Leyland has reduced its debt by around Rs.1400 crore in 2013-14 out of an entire sum of Rs.6200 crore.And the previous landmark sale registered in the city was Rs.100 crore approximately that Chennai-based builder Ravi Appasamy paid for a 9.5 ground land owned by Viju Mahtaney of Ambattur Clothing in the same Boat Club, the deal mediated by Jones Lang LaSalle (JLL) finalized a week ago.
These 2 most lucrative and premium deals have moved Chennai realty market even as plenty of the builders struggle to mark sale for the residential property. And Over Rs.3000 crore premium property transactions are being recorded in Chennai in the past 19 months.
Content Source- http://tinyurl.com/qhgyz8k
In my point of view, this is really very well information given about MRF purchases Leyland’s prime property in Chennai for Rs 210 crore. Thanks for providing this information about this blog. Thanks again.
ReplyDeleteFlats in Kolkata
Well and informative content given about Puranik Abitante - Exclusive Residential Property In Pune. Thanks for given this information here about this blog.
ReplyDelete2bhk Flats in Dwarka Sector-5
Thanks for your information, it was really very helpful:
ReplyDeleteCarolineis11
ReplyDeleteReliobrix Consulting is a noticeable Property & Real Estate Consultancy in Delhi/NCR, set up in 2013 and working from Noida. Reliobrix Consultancy gives various scopes of consultancy benefits in land business, particularly in lodging and private undertakings. Reliobrix is an exceedingly rumoured firm and with its all around experienced experts it comprehends the centre need of its clients and gives proposal according to the prerequisite and spending plan.
Ace Divino
Nice blog post. Thanks for sharing this post. Flats For Sale in Manapakkam Chennai
ReplyDeleteMaybe the house and situation have been causing you stress and you don't even know where to begin. Even if you don't know the first thing about selling a house, with or without an agent, we can help. When we buy your house, we take care of everything for you...and we don't charge any fees or commissions and for more information please visit here fort myers real estate
ReplyDeleteI am very thankful for the author who shared the informative blog. This helps the first home buyers in a better way to choose the appropriate location.
ReplyDeleteBuilders in Chennai
Properties in Chennai
Flats in Chennai
Maybe the house and situation have been causing you stress and you don't even know where to begin. Even if you don't know the first thing about selling a house, with or without an agent, we can help. When we buy your house, we take care of everything for you...and we don't charge any fees or commissions and for more information use this guide sell my house fast fort myers florida
ReplyDeleteThat's why we buy houses in Fort Myers, FL and pay cash. This allows us to make you fair offer and close as soon as you'd like, within 2 days if necessary! Forget about making ANY repairs, we will buy your home regardless of the shape it's in and for more information please use this guide sell my house in lee county fl
ReplyDeleteWhatever reason you have for wanting to sell your house, we can help. We've been buying houses in Fort Myers for many years and have seen it all. You can be assured that we will treat you with respect and do our best to help you, even if you don't sell us your house and for more information please use this guide sell my house in fort myers fl
ReplyDeleteThanks for posting this informative and useful post. your blog is very nice, such useful information. I love learning more on this.
ReplyDeleteIndustrial Civil Contractors In Chennai
Industrial Construction Companies In Chennai
Industrial Building Contractors In Chennai
Industrial Builders in Chennai
Industrial Construction Companies In India
Turnkey Contractors In Chennai
Commercial Builders In Chennai
Warehouse Construction Companies In Chennai
This comment has been removed by the author.
ReplyDeleteNice blog...
ReplyDeleteThanks for your information, it was really very helpful for real state.
If you are buying a new home under budget then come to our official site and meet our Cape Coral Real Estate.