GREENSCAPE IT PARK

Bafna Motors sells 4-acre plot in Navi Mumbai’s Nerul to Greenscape IT Park

Bafna Motors was liable to pay Rs 129 crore to United Bank of India and Rs 15 crore to Tata Motors Finance Solutions. It approached Greenscape IT Park LLP to repay these loans on its behalf. Greenscape IT Park LLP repaid these dues in August and has now acquired the land parcel. The deal attracted stamp duty of Rs 7.27 crore and was registered on August 28, shows the documents accessed through CRE Matrix.