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New Delhi: Based in Mumbai oberoi realty 63 have bought residential Over 5 lakh sq ft units in a luxury housing project Worli in Mumbai.
In a regulatory filing, Oberoi Realty said that its shareholders had approved the purchase/acquisition of residential complex in the project in December.three sixty west‘ produced by Oasis Realty 4,000 crores up to Rs.
This was a material related party transaction, it added.
Oberoi Realty on Saturday said that the company has completed the purchase/acquisition of residential premises in the project.
Giving information, Oberoi Realty said that the company has purchased 5,23,039 square feet of carpet area.
The total number of units purchased is 63, while the total amount paid by the company is Rs 3,403 crore.
The stamp duty and other charges for the purchase of these units amount to Rs 204 crore. The share of income tax liability to be paid through Oasis Realty is Rs 605 crore.
As a result, Oberoi Realty said that the company has withdrawn its share of profit from Oasis Realty along with the construction cost and other deposits.
Oberoi Realty on Friday said it has bought 8 acres of land in Thane, Maharashtra for Rs 192 crore.
It has successfully completed the transaction with Blue Star Limited (BSL) for the acquisition of approximately 32,204 square meters (approximately 8 acres) of land located in Thane, Maharashtra.
Oberoi Realty is one of the leading real estate developers in the country.
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