Real estate developer Chintels India, based in Gurugram, has given listed real estate developer Sobha Ltd in Gurugram ownership of two land parcels valued at Rs 121.82 crore, totaling 7.85 acres. This information was obtained through registration documents that were viewed by real estate data analytics firm CRE Matrix.
These properties, according to both developers, are a component of a joint venture project called “International City.”
The documents state that one land piece, totaling 5.788 acres, is located in sector 108 while the other, measuring 2.06 acres, is located in sector 109. The locations of both plots are close to the Dwarka Expressway in Babupur village, which is anticipated to open soon.
According to the records, the 2.06-acre land was valued at Rs 35 crore, while the 5.7-acre tract cost Rs 86.82 crore. The combined value of the two plots came to Rs 121.82 crore.
