Piramal Capital sells commercial building in Mumbai’s Kalina for Rs 187 crore
Piramal Capital and Housing Finance Ltd (PCHFL) has sold an entire standalone office tower Napha Building with eight upper floors and three podiums in Kalina locality of Mumbai’s western suburb Santacruz to Shoquba Realty for Rs 187 crore.
The property, originally owned by Dewan Housing Finance Corporation Limited (DHFL), includes a built-up area of 77,079 square feet. The property situated in the commercial hub of South Salsette comprises two basements and a stilt area in addition to three podiums and eight floors.
The transaction was finalized on September 27, 2024, through a deed of transfer, showed the documents accessed through real estate data analytics firm Propstack. The buyer has paid stamp duty worth Rs 11.22 crore for the registration of this deal.
Piramal Enterprises, has also announced the deal through a regulatory filing.
“The purchaser is not related to promoter/ promoter group/ group companies of the company in any manner. Further, the said transaction will not fall within the ambit of related party transaction,” Piramal Enterprises said in its stock exchange announcement.
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