Sudarshan Chemical Industries Limitedhas sold its land parcel on Wellesley Road in Sangamwadi, Pune to Birla Estates Private Limited, the real estate arm of the Aditya Birla Group housed under Century Textiles and Industries Limited. Leading independent real estate services firm ANAROCK Group was transaction advisor to this deal, which was concluded on 6th April, 2023.
Rajesh Rathi – Managing Director, Sudarshan Chemical Industries Limited, says, “We have been able to monetize our unutilized land situated at Wellesley Road in Sangamwadi, Pune. The area of 5.76 acres was sold to Birla Estates. This deal would not have been possible without our Partners- ANAROCK Group a leading independent real estate services firm and M/s. Crawford Bayley & Co. a leading solicitor firm and legal advisors to the transaction. This land has beenpivotal in the transformation of Sudarshan and many of our technologies were first developed here. We are happy that the land has been bought by a reputed group and we are confident that it will flourish under them. The proceedings from the sale will be used to strengthen our balance sheet.”
Anuj Puri, Chairman – ANAROCK Group, says, “This is a significant land deal which once again underscores Pune’s importance as a preferred residential real estate destination.”