Khaitan and Kanga advise Neepa Real Estate acquires 18 acre real estate property of Borosil Glass

Bar & Bench September 15 2010

Neepa Real Estate Private Limited has acquired a 18 acre real estate property of Borosil Glass Works Limited for Rs. 830 crore ($178 million) in Mumbai, located at Marol, Andheri (East).


Partner Sudip Mullick quoted, “This was one of the high value real estate transactions of Mumbai. The payment of the entire sale consideration was made by the purchaser in a single tranche against execution of the final transaction documents and delivery of property”.


Khaitan & Co. represented Borosil Glass Limited with Senior Partners Pradip Khaitan and Haigreve Khaitan along with Partner Sudip Mullick and Associate Abhishek Sharma . . .

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