Acquisition of 4 Acres of strategic plot MIHAN-SEZ, Nagpur with estimated Gross Development Value (GDV) of Rs. 600 Crore.
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Kesar India Limited, a Nagpur-based listed real estate developer, has acquired a 4-acre (1.62 hectares) plot at MIHAN-SEZ in Khapri, Nagpur through its subsidiary YK Infraproject Private Limited. The consolidated land bank in MIHAN-SEZ now stands at approximately 4 acres with an estimated Gross Development Value of around Rs. 600 crore, subject to approvals and market conditions. The company plans to develop a premium mixed-use project on this land, including commercial showrooms, inn-style residences, and luxury villas, targeting businesses, travelers, and high-end homebuyers. The acquisition was completed on March 20, 2026, and is described as a significant milestone in the company's growth and expansion plans.
This acquisition strengthens Kesar India's land bank in a strategically located SEZ area and adds a Rs. 600 crore development pipeline, which could support future revenue growth. For shareholders, this signals active expansion by management, though actual returns will depend on project execution, regulatory approvals, and market conditions.