Acquisitions20 Mar 2026, 08:31 pm
Kesar India Ltd Acquires 4-Acre Plot in MIHAN-SEZ, Nagpur with Estimated GDV of Rs. 600 Crore
AI Summary
Kesar India Ltd, a listed real estate development company, has acquired a 4-acre plot in the MIHAN-SEZ area in Nagpur through its subsidiary YK Infraproject Private Limited. The land parcel, strategically located near MIHAN-SEZ, has an estimated Gross Development Value (GDV) potential of approximately Rs. 600 crores, subject to approvals and market conditions. The acquisition aligns with the company's vision to develop a premium mixed-use project comprising state-of-the-art commercial showrooms, modern inn-style residences, and exclusive luxury villas.
Key Highlights
- Kesar India Ltd acquires a 4-acre plot in MIHAN-SEZ, Nagpur through its subsidiary YK Infraproject Private Limited.
- The land parcel has an estimated Gross Development Value (GDV) potential of approximately Rs. 600 crores.
- The acquisition aligns with the company's vision to develop a premium mixed-use project.
- The project will comprise state-of-the-art commercial showrooms, modern inn-style residences, and exclusive luxury villas.
- The acquisition marks a significant milestone in the Company’s growth and expansion plans.