Modern Engineering and Projects Ltd to lease office premises at Karmvir Sky City

As per the approval of Board of Directors of Modern Engineering and Projects Limited for acquiring office premises on long lease basis, the company has entered into a Memorandum of understanding ("MOU") on today October 07 2024 with Karmvir Intelligent Infra Private Limited for Acquiring of Office Premises on Long Lease Basis in Commercial-cum-retail Building Known as "Karmvir Sky City" on such terms and condition as mentioned in MOU.

The lease is for Fourth Floor Unit No. 401 to 410 total area 15,800.37 SQFT Plus 10 Car Parking in commercial-cum-retail Building Known as "Karmvir Sky City" situated at CTS No. 1405 of Village Marol and CTS No. 1 of Village Bapnala S.no. 8 Hissa No. 2PT of Village Bapnala S. No. 8 Hissa No. 1 PT and 2PT of village Marol District Mumbai, Maharashtra.

The aggregate consideration of the said property Rs. 41,50,09,250/- (Rupees Forty-one crores fifty thousand nine Thousand Two hundred and fifty only) excluding GST, Stamp duty, registration charge, development and legal Charges.

Source : Equity Bulls

Keywords

MEAPL ModernEngineeringandProjects MOU OfficePremises KarmvirIntelligentInfra