IHP's Mega Deal: ₹559 Crore Land Sold to Godrej

The Indian Hume Pipe (IHP) has successfully sold approximately 10 acres of freehold land in North Bengaluru to Godrej SSPDL Green Acres, a subsidiary of Godrej Properties, for ₹559 crore.

Rajas Doshi, Chairman & Managing Director of IHP, commented, "The sale of our ten-acre land in North Bengaluru is a major milestone for the company, strategically timed to capitalize on a favorable real estate market. Our agreement with Godrej Properties—one of India's most reputable real estate brands—was finalized through a competitive bidding process."

Anarock Property Consultants acted as transaction advisors, while DSK Legal provided legal counsel.

News by Rahul Yelligetti.