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32 acres sold for Rs 326.8 crore

  • GOCL Corporation’s awesome land deal

GOCL Corporation Limited of the renowned Hinduja Group sold its 32 acre land in Kukatpally at a whopping price of Rs 326.8 crore. “Of the total area of 44.25-acre site, 32 acres were sold. The transaction has been completed for Rs 326.8 crore. The company received the amount. The sale of the rest of 12.25-acre land is going to be concluded soon,” the GOCL Corporation said in a statement. The company reached an agreement to sell 44 acres of its land in Kukatpally for Rs 451 crore. It may be recalled that the GOCL on May 27 went on record saying that it would mobilize funds by selling its land parcels in Bangalore, Kukatpalli and Bhiwandi.

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