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

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

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

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

Next Story
Infrastructure Urban

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

Next Story
Real Estate

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

Next Story
Infrastructure Transport

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?