Nitco Limited and its subsidiary signed an MOU with HOABL Impactum Land for joint development of Alibaug land, expecting ₹1,300–1,500 Crore over five years.
Nitco Limited has fully recovered an outstanding capital advance of Rs. 9.96 Crore from Saumya Buildcon Private Limited, settling a decade-old land transaction matter.
Nitco Ltd is monetizing its Kanjurmarg land, receiving a ₹143 Crore advance. The transaction involves selling 75% for cash and 25% for project area share.
Value
₹143.0 Cr
Execution
Approx. 4 months for 75% of land and 1 year for the balance 25%.
