{"id":792,"date":"2024-04-12T11:21:12","date_gmt":"2024-04-12T05:51:12","guid":{"rendered":"https:\/\/www.crematrix.com\/blog\/?p=792"},"modified":"2026-04-13T14:23:35","modified_gmt":"2026-04-13T08:53:35","slug":"adanis-terravista-developers-acquires-leasehold-rights-of-25-acres-from-finolex-for-rs-470-crore","status":"publish","type":"post","link":"https:\/\/www.crematrix.com\/blog\/adanis-terravista-developers-acquires-leasehold-rights-of-25-acres-from-finolex-for-rs-470-crore\/","title":{"rendered":"Adani\u2019s Terravista Developers Acquires Leasehold Rights of 25 Acres From Finolex for Rs 470 Crore"},"content":{"rendered":"\n

Adani Group company, Terravista Developers Pvt Ltd, has recently concluded a significant real estate transaction with Finolex Industries. According to documents obtained by CRE Matrix<\/a>, Terravista Developers has acquired leasehold rights of 25 acres of land near Pune for a substantial sum of Rs 470 crore. <\/p>\n\n\n\n

The land was originally leased to Finolex Industries by the Maharashtra Industrial Development Corporation (MIDC) in the Haveli locality in Pimpri Industrial Area. The lease transfer was officially registered on April 3, 2024, with a significant stamp duty of Rs 23.52 crore paid for the transaction.<\/p>\n\n\n\n

Terravista Deve\u00adlopers has ambitious designs for the\u00ad land plot. They plan to build a cutting-edge data ce\u00adnter there – a proje\u00adct approved by MIDC. This highlights the increasing need for data infrastructure in the area, matching the wider trends of digital growth and technological progress.<\/p>\n\n\n\n

An interesting facet of this deal is its le\u00adngthy lease term. Finole\u00adx Industries held the 95-ye\u00adar lease and now Te\u00adrravista Developers acquire\u00ad those leaseholde\u00adr rights. They can rene\u00adw the rights for another 95 years, affording immense\u00ad operational flexibility.<\/p>\n\n\n\n

This development marks a significant milestone in real estate transactions and reflects the evolving landscape of real estate and industrial development in the Pune region. The establishment of a modern data center by Terravista Developers is poised to contribute to the region’s economic growth and technological advancement, further solidifying Pune’s position as a key hub for innovation and investment in the digital age.<\/p>\n\n\n\n

Recent Transactions<\/strong><\/p>\n\n\n\n

In a recent transaction, <\/strong>Titania Industrial Development in Pune purchased a 13.26-acre plot<\/a> of land and a 1,00,000 square feet structure from Tata Autocomp Systems for Rs 134 crore.<\/p>\n\n\n\n

Take your real estate decisions to the next level as a developer or broker with CRE Matrix’s data-driven insights. Schedule a demo now<\/a>!<\/p>\n\n\n\n

Media Mentions<\/strong><\/h2>\n\n\n\n