Sale11 Mar 2026, 07:08 pm
Uni Abex Alloy Products Ltd Land Sold to MMRDA for Rs. 22.32 Crores
AI Summary
Uni Abex Alloy Products Ltd has informed about the sale of its 2,520 sq mirs of Thane Land to Mumbai Metropolitan Region Development Authority (MMRDA) for an approximate amount of Rs. 22.32 crores. The sale is due to the compulsory acquisition by MMRDA for Thane (Tikuji ni wadi) Borivali underground tunnel. The company will contest the compensation amount with the competent authority regarding the valuation methodology adopted by the MMRDA.
Key Highlights
- Uni Abex Alloy Products Ltd has sold its 2,520 sq mirs of Thane Land to MMRDA for approximately Rs. 22.32 crores.
- The sale is due to the compulsory acquisition by MMRDA for Thane (Tikuji ni wadi) Borivali underground tunnel.
- The company will contest the compensation amount with the competent authority regarding the valuation methodology.