4032 Sq Yard Land Plot for Sale in Malad West

This is a freehold land parcel available for sale through a bank auction in Malad West, Mumbai. Known as Krishna Kunj, the property extends to approximately 4032 sq yards or 3371.266 sq meters and is situated on or near S.V. Road next to Malad Shopping Center. The property includes structures, existing encroachments, residential tenants and ground-floor shops.

Property Details

• The land parcel measures approximately 4032 sq yards or 3371.266 sq meters.
• The property is known as Krishna Kunj and is identified with Old Survey No. 344, H. No. 1 and CTS Nos. 616 and 616 (1-72) near 49-99.
• The asset is situated near Malad Shopping Complex on S.V. Road, Malad, Mumbai West.
• The property includes structures standing on the land.
• There are 124 tenants residing on the property for more than 35 to 40 years.
• The existing encroachments are stated to occupy approximately 22,000 sq ft.
• The property has 11 ground-floor front shops with a combined area of approximately 2,200 to 2,500 sq ft.
• The property is described as being offered through a bank auction with symbolic possession.
• The tenants are stated to be willing to cooperate for compensation as per market terms and conditions.

The stated total package is Rs 43.00 Crore plus government statutory dues as applicable, stamp duty and registration charges. The reserve price is stated as Rs 34.30 Crore, and the market value is stated to be more than Rs 125 Crore. For site visit or more details, contact AV Properties.