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Mumbai: Andheri Plot costs INR 205 crores to Mahindra Group

Mahindra Lifespaces of the Mahindra Group has made a land deal worth INR205 crores with Nycomed Phama Pvt. Ltd. A formal agreement is to be signed between the two in the coming weeks.

The plot in question currently has a bungalow, a research and development centre, an electrical sub station as well as two guest houses. A high end residential complex is planned here. Larsen and Toubro had also bit approximately INR203 crores for this plot, but the highest bidder is always bound to win.

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