Tata AutoComp Systems, a prominent player in the automotive industry, has successfully sold a substantial land parcel spanning over 13.26 acres in Pune’s Maan area. The transaction, valued at ₹134 crore, involved the sale of both land and a 1,00,000 sq ft structure on the premises.
Q1: What did Tata AutoComp Systems sell in Pune, and to whom?
A1: Tata AutoComp Systems sold a 13.26-acre land parcel, including a 100,000 sq ft structure, in Pune’s Maan area to Titania Industrial Development for ₹134 crore.
Q2: What is the current zoning of the sold property, and what are Tata AutoComp’s plans?
A2: The property is currently zoned as industrial. Tata AutoComp has applied to Pune Metropolitan Regional Development Authority (PMRDA) for a change in zoning to residential.
Q3: How was the transaction structured, and what were the payment details?
A3: Titania Industrial Development made an initial payment of ₹24 crore in two tranches (₹15 crore and ₹9 crore) on October 4 and October 6, respectively. The remaining ₹109 crore was settled during the registration on October 27.
Arvindar Singh Sahney has been appointed as the new chairman of Indian Oil Corporation (IOC),…
Chief Justice of India The Chief Justice of India (CJI) is the highest-ranking judge and…
The Ministry of Home Affairs (MHA) has approved the creation of the Central Industrial Security…
GM Aravindh Chithambaram made a remarkable late surge in the final rounds, winning the last…
Prime Minister Narendra Modi is set to undertake a crucial three-nation tour from November 16-21,…
Delhi Metro has introduced a new bike taxi service, available for booking through the official…