DMart acquires Rs 71.50 cr retail space in Mumbai’s Goregaon

09 Aug 2021 CW Team

Retail major DMart has acquired retail space worth over Rs 71.50 crore from property developer Silver Moon Constructions at its project Vicino in the Goregaon suburb of Mumbai.

Radhakishan Damani’s company Avenue Supermarts remains to snap up retail properties to support its plan of growth and expansion.

Avenue Supermarts, which owns a retail chain DMart, has bought a total of 35,000 sq ft spread across two floors in the project. The company will also get exclusive access to 49 car parks in this tower, as part of the transaction.

The deal was ended on March 31, the last day to avail of the advantages of reduced stamp duty as announced by Maharashtra's government. The company has spent over Rs 2.14 crore as stamp duty for the deal registration.

Over the last few months, Damani, known as an astute investor, has been picking up real estate assets, irrespective of the ongoing Covid-19 pandemic, across top Indian cities that have emerged as major consumption centers.

In Mumbai, Avenue Supermarts has bought four to five properties including retail space and land parcels costing over Rs 1,000 crore including an 8-acre land parcel in Thane from Mondelez India.

In Goregaon, the company has recently acquired 40,000 sq ft retail space costing about Rs 100 crore from Sunteck Realty at its upcoming project Sunteck City in the Goregaon suburb of Mumbai.

The retail chain has also bought two properties in Hyderabad, one in Pune and Bangalore each.

The value of these deals, in addition to the personal property of Damani buys, is above Rs 2,000 crore.

Image Source

Also read: Promoters of JB Chemicals buy luxury property in Mumbai at Rs 138 cr

Infrastructure Transport

11 May 2026

Shivraj Chouhan Launches PMGSY IV and Announces Package for Madhya Pradesh

Union Minister Shivraj Singh Chouhan launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) IV at Bhairunda in Sehore district during the 25 year celebrations and announced a development package for Madhya Pradesh. The programme was organised by the Union Ministry of Rural Development and attended by Chief Minister Dr Mohan Yadav, ministers of state, state ministers, legislators and senior officials from the centre and the state. The minister said the central government under the Prime Minister is committed to strengthening rural livelihoods through improved connectivity, housing and women's in..

DMR Engineering Reports FY 25-26 Financial Results

DMR Engineering reported its half year results for the financial year ended 31 March 2026 and published full year figures on a standalone basis. Standalone revenue from operations decreased by 2.01 per cent year-over-year to Rs 102.58 million (mn), while profit after tax declined by 43.94 per cent to nine point five six mn, leaving a profit after tax margin of nine point zero five per cent. Earnings per share stood at Rs zero point nine two, a fall of 44.71 per cent year-over-year. The company attributed part of the decline to one-off provisioning for bad debts and additional financing charges..

Atlanta Electricals Posts Strong FY26 Growth And Debt Free Finish

Atlanta Electricals reported audited consolidated results for the quarter and year ended 31 March 2026. The company recorded significant year-on-year revenue growth driven by capacity ramp-up at new facilities and higher utilisation at legacy plants. The announcement summarised operating improvements and strategic milestones achieved during the year. For Q4 the company reported revenue of Rs 7.48 bn and for FY26 revenue of Rs 18.52 bn, representing robust growth versus the prior year. EBITDA in Q4 was Rs. 1.49 bn and Rs. 3.44 bn for the full year, with margins expanding to 20 per cent in the q..