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K Raheja Corp to buy Standard Industries

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Realty Developer K Raheja Corp has acquired 62.25 acre land parcel from Mafatlal Group company Standard Industries in Ghanasoli in Navi Mumbai for Rs 350 crore. Standard Industries will transfer and assign its leasehold rights for the said leasehold property at Trans-Thane Creek Industrial Area in the villages of Ghansoli and Savali. The transfer, assignment and consideration is subject to various conditions precedent including approval from MIDC getting satisfied.

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