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ILP 4 India 1 Pvt Ltd has acquired a 3.95-acre land parcel in Kurla, Mumbai, for INR 193.5 crore from Shri Aditya Finwealth, according to real estate consultancy Square Yards. Registered in May 2025, the deal includes existing structures with a built-up area of 4,519 sq m and involved a stamp duty of INR 11.61 crore. The land is designated for industrial use under Development Plan 2034, making it suitable for warehousing or logistics projects. This acquisition highlights Kurla's growing appeal for industrial investment and reflects ILP 4 India's ongoing expansion in real estate development.
ILP 4 India 1 Pvt Ltd has successfully acquired a 3.95-acre land parcel in Kurla, Mumbai, for INR 193.5 crore from Shri Aditya Finwealth, as disclosed by real estate consultancy firm Square Yards. The transaction was officially registered in May 2025, and Square Yards stated earlier this week that it had reviewed the property registration documents. Advertisement
According to Square Yards, the land parcel, spanning 15,985 square metres (approximately 3.95 acres), includes several existing structures with a combined built-up area of approximately 4,519 square metres. The deal also involved the payment of a stamp duty of INR 11.61 crore and a registration fee of INR 30,000, adding to the overall transaction cost.
As per the Development Plan 2034, the acquired land is categorised under the industrial land use segment. This designation could potentially open avenues for industrial, warehousing, or logistics developments, aligning with Mumbai's strategic industrial and commercial growth plans.
ILP 4 India, a private infrastructure and construction company, was incorporated in 2019 under the Companies Act, 2013. The firm has steadily expanded its portfolio in the real estate sector, focusing on both greenfield and brownfield developments.
The seller, Shree Aditya Finwealth, is a private, unlisted, non-government company incorporated on 28 January 1955. With a history spanning over seven decades, the firm has primarily operated in the finance sector, handling investments and asset management.
Mumbai continues to remain a preferred destination for strategic real estate investments, particularly in the industrial and commercial segments. The Kurla region, known for its connectivity and proximity to major industrial zones, has seen a steady rise in investor interest.
Source - PTI
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