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How corporates see lucrative real estate opportunities in COVID-19

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t’s not just the fence sitters or Bollywood stars who have profited with land bargains, because of the low-interest system during the pandemic. A few organizations, as well, have bounced into the fight.

On July 1, soda maker Rasna Pvt Ltd purchased a 1,439 sq ft loft in Juhu for Rs 10 crore. The per sq ft value works out to associate with Rs 70,000. It paid a stamp obligation of Rs 50 lakh, which is around 5% of the absolute deal thought, reports made accessible by Zapkey.com show.

Zapkey is an online stage that orders openly accessible property enrollment information.

On June 16, Poonawallah Aviation Pvt Ltd, a Pune-based non-booked administrator joined under the Poonawalla Group of organizations which offers its customers a bespoke contract insight, purchased a duplex in ABIL Mansion on Hughes Road, Girgaum Chowpatty, Mumbai, for Rs 12 crore, enrollment archives, a duplicate of which is with Moneycontrol, showed.

The organization paid a stamp obligation of Rs 60 lakh on the arrangement, as indicated by the archives.

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