June 11, 2024: The United Kingdom (UK) Consulate has invested in 12 office units in Macrotech Developers’ One Lodha Place, mention media reports. The real estate transaction amounts to Rs 101.2 crore, documents accessed by Propstack, real estate data and analytics firm mention.
Media reports highlight that as per the data accessed by Propstack, these offices that are located in Lower Parel were bought by the Secretary of State for Foreign Commonwealth and Development Affairs of the United Kingdom of Great Britain and Northern Ireland. Located on the 19th floor of the building, these come with 14 car parkings.
Under the Maharashtra Stamp Act, 1958, there is an exemption on stamp duty for diplomatic missions/consulates/embassies. Thus, only Rs 100 was paid towards stamp duty for the property that was registered on May 28, 2024.
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