December 8, 2023: Infrastruture company, Hindustan Construction Company (HCC), has sold a land parcel spread across 2.35 lakh sqm in Karnala Village Panvel, Navi Mumbai to Oak & Stone Construction for Rs 95 crore, mention documents accessed data analytics firm CRE Matrix show.
A stamp duty of Rs 5.7 crore was paid for this transaction that was registered on December 4, mentioned the documents accessed by CRE Matrix.
HCC has sold the land after a resolution that it had passed on November 9, 2023 that was part of the plan for debt resolution.
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