Dai-Ichi Karkaria enters pact with Gera Developments for Kasarwadi land deal
The company has received Rs 25 crore on execution of the MoU
Dai-Ichi Karkaria has entered into an agreement for sale with Gera Developments for Kasarwadi land deal.
Gera Developments has purchased 12 acre land in Pimpri-Chinchwad area, Pune, for a consideration of Rs 153.5 crore from Dai-Ichi Karkaria to develop a commercial project.
The company has received a total amount of Rs 25 crore on execution of the Memorandum of Understanding (MoU) and agreement for sale.
The site formerly housed factories that had been shifted to Dahej in Gujarat some time ago. Gera Developments will create a retail and office destination at this strategic location.
Presently, Gera Developments is building nine projects in Pune, Bengaluru and Goa.