ILP 4 India 1 Private Limited Acquires Land Parcel in Kurla, Mumbai for ₹193.5 Crore
LP 4 India 1 Private Limited has acquired a land parcel in Kurla, Mumbai, for ₹193.5 crore from Shri Aditya Finwealth Private Limited. The deal was registered in May 2025, as per official documents accessed through the website of the Inspector General of Registration (IGR) and reviewed by Square Yards. This acquisition marks a noteworthy transaction in one of Mumbai’s strategically located and rapidly evolving neighbourhoods.
The land parcel spans 15,985 square meters, equivalent to around 1.60 hectares or 3.95 acres. In addition to the open land, the deal includes multiple existing buildings with a total built-up area of approximately 4,519 square meters (around 48,641 square feet). The total transaction attracted a stamp duty of ₹11.61 crore and a registration fee of ₹30,000. As per the Mumbai Development Plan 2034, the land falls under the industrial land use category, suggesting that future development would either have to align with this zoning or seek relevant approvals for a change in land use.
Kurla has emerged as a major growth corridor within Mumbai due to its central location and robust connectivity. The area is well connected via the Central and Harbour lines of the Mumbai suburban railway system and is within close reach of key commercial districts such as Bandra-Kurla Complex (BKC), Andheri, and Lower Parel. It also benefits from proximity to the Eastern Express Highway, the international airport, and upcoming metro routes. These infrastructure advantages, along with the availability of both commercial and residential real estate, make Kurla an attractive destination for long-term investment and redevelopment.
ILP 4 India 1 Private Limited, incorporated in 2019 under the Companies Act, 2013, is a private infrastructure and construction company engaged in the real estate and construction industry. This acquisition aligns with the company’s strategic objective of expanding its footprint in Mumbai, particularly in areas with redevelopment potential and strong connectivity. The inclusion of existing built structures within the transaction could provide scope for adaptive reuse, redevelopment, or integrated commercial-residential development in future phases.
The seller, Shri Aditya Finwealth Private Limited, is a private, unlisted, non-government company incorporated in January 1955. With over 70 years of operational history, the company has primarily focused on financial services. The sale of this land parcel may reflect a strategic decision to monetise non-core assets or reallocate capital toward financial investments.