DMart Acquires Commercial Building for Rs 71.5 Cr in Mumbai
Billionaire investor Radhakishan Damani’s company Avenue Supermarts Limited has acquired a commercial building for Rs 71.5 crore in Mumbai’s Goregaon West area The building is part of the commercial Phase 1 of Vicino Building located on Link Road, Goregaon West and has been bought from Silver Moon Construction Private Limited. The property was registered on July 29. The retailer paid the stamp duty for the property on March 31, 2021, taking advantage of the Maharashtra government’s stamp duty waiver.The property is spread across 34,147 sq ft. This makes the per sq ft price to be around Rs 20,000 per sq ft. A stamp duty of Rs 2.1 crore has been paid, according to the documents.