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Property Description
This is a commercial/residential freehold plot known as Krishna Kunj available for sale in Malad West on SV Road next to Malad Shopping Center. The plot covers approximately 4032 square yards (3371 square meters) and includes existing structures and 124 tenants who have resided there for over 35 to 40 years with pagdi rights.
Property Details
- Freehold land measuring 4032 sq yards (3371 sq meters)
- Located near Malad Shopping Complex on SV Road
- Includes 124 tenant-occupied units with pagdi rights
- Ground floor has 11 front shops measuring between 2200 and 2500 sq ft in total
The owners are defaulters with the bank and this plot is being auctioned by the bank with a reserve price of Rs. 33.62 crore. The total package including professional fees and statutory dues amounts to approximately Rs. 44 crores plus stamp duty and registration charges. The current market value of the property is stated to be over Rs. 125 crore. For more information or to arrange a site visit, please contact AV Properties.