With reference to letter dated 1 April 2025, the Company has signed and registered sale deed for sale of land in Bhiwandi on 29 May 2025.
Price
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Awaiting price reaction for this filing.
G. G. Dandekar Properties Ltd has completed the sale of a land parcel located at Village Kaneri, Bhiwandi, in Thane district, measuring about 3,601 square meters. The company obtained a fair valuation report from a registered valuer before proceeding with the transaction. The sale consideration received is INR 4.1 crore, and the sale deed was signed and registered on 29 May 2025. This is an update to the company's earlier intimation dated 1 April 2025 regarding the proposed sale.
The company will receive INR 4.1 crore in cash from this land sale, which could improve liquidity and be used for debt reduction, investment, or other business purposes. For shareholders, this is a routine asset monetisation by a properties-focused company, and the impact on stock price is likely to be modest.