Mahindra & Mahindra sells 20.5-acre land parcel in Mumbai's Kandivali

Mahindra & Mahindra sold a 20.5-acre land parcel in Mumbai's Kandivali for Rs 210 crore to Blueprintify Properties. The sale price was lower than the land's ready reckoner value of over Rs 223 crore. The land is in a No Development Zone and is devoid of illegal constructions. The transaction incurred a stamp duty of Rs 13.41 crore.