Indian Hume Pipe Company Ltd Sells 10-Acre Land in North Bengaluru to Godrej Properties for INR 559 Crores

The Indian Hume Pipe Co. Ltd. (IHP) has successfully completed the sale of its ~10 acre freehold land in North Bengaluru to Godrej SSPDL Green Acres LLP, a subsidiary of Godrej Properties Ltd, for a total consideration of INR 559 Crores. The deal was concluded after a bidding process and was facilitated by Anarock Property Consultants and DSK legal as transaction and legal advisors respectively. This sale marks a significant milestone for the company, coinciding with a favorable real estate market.