{"id":1571,"date":"2024-08-31T10:34:48","date_gmt":"2024-08-31T10:34:48","guid":{"rendered":"https:\/\/www.floortap.com\/resources\/?p=1571"},"modified":"2024-09-02T03:03:03","modified_gmt":"2024-09-02T03:03:03","slug":"property-ventures-sells-1-96-acre-it-park-in-malad-for-%e2%82%b9335-crore","status":"publish","type":"post","link":"https:\/\/www.floortap.com\/resources\/property-ventures-sells-1-96-acre-it-park-in-malad-for-%e2%82%b9335-crore\/","title":{"rendered":"Property Ventures Sells 1.96 Acre IT Park in Malad for \u20b9335 Crore"},"content":{"rendered":"\n

Property Ventures (India) Pvt Ltd, a subsidiary of RK Marbles, has recently sold a well-located IT Park in Mumbai’s Malad area to Clear Bridge Ventures LLP for a significant sum of \u20b9 335 crore.  This information was revealed in property registration documents accessed by CRE Matrix<\/a>.<\/p>\n\n\n\n

The IT Park, situated in the prime Linking Road area, offers a spacious six-story building with a total saleable area of 1.47 lakh square feet. It has 123 car parking spaces and six slots for vehicles. The property’s strategic location and ample parking facilities make it an attractive investment for businesses in the IT sector. <\/p>\n\n\n\n

Transaction Details<\/strong><\/h2>\n\n\n\n

Property Ventures finalized the sale of the IT Park on August 23, 2024, paying a stamp duty of \u20b921.85 crore on the transaction. This significant deal underscores the strong demand for commercial real estate in Mumbai, particularly in well-connected and sought-after areas like Malad.<\/p>\n\n\n\n

Market Significance<\/strong><\/h2>\n\n\n\n

The sale of this IT Park highlights the thriving commercial real estate market in Mumbai. The property’s combination of prime location, ample parking, and substantial saleable area make it an attractive investment for businesses in the IT sector. This transaction further demonstrates the growing demand for high-quality commercial properties in the city.<\/p>\n\n\n\n

\u00bb Explore commercial properties in Malad<\/a><\/p>\n\n\n\n

Recent Transactions in Mumbai<\/strong><\/h2>\n\n\n\n

The market for commercial real estate in Mumbai is expanding. There has been a notable increase in high-value transactions in the commercial real estate market, especially in the office space industry. This illustrates the city’s robust economic expansion and commercial significance.<\/p>\n\n\n\n

In a recent transaction, Red Fox IT Infra LLP acquired office units in Marol for \u20b9 267.5 crore<\/a>. In another major corporate spaces deal, Nielsen Media and its subsidiary leased 1.52 lakh square feet of office space<\/a> in Mumbai\u2019s Goregaon.<\/p>\n\n\n\n

FloorTap<\/a> connects you with commercial real estate stakeholders for effective decision-making, regardless of your role as a broker, tenant, or landlord.
<\/p>\n","protected":false},"excerpt":{"rendered":"

Property Ventures (India) Pvt Ltd, a subsidiary of RK Marbles, has recently sold a well-located IT Park in Mumbai’s Malad area to Clear Bridge Ventures LLP for a significant sum of \u20b9 335 crore.  This information was revealed in property registration documents accessed by CRE Matrix. The IT Park, situated in the prime Linking Road […]<\/p>\n","protected":false},"author":1,"featured_media":1573,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","footnotes":""},"categories":[15],"tags":[99,130],"class_list":["post-1571","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-media","tag-commercial-properties","tag-it-park-sale"],"yoast_head":"\nIT Park in Malad Sold for \u20b9335 Crore by Property Ventures to Clear Bridge Ventures<\/title>\n<meta name=\"description\" content=\"Property Ventures (India) Pvt Ltd, a subsidiary of RK Marbles, sold a 1.96-acre IT Park in Malad West, Mumbai, to Clear Bridge Ventures LLP for \u20b9335 crore\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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