Radhakishan Damani Billionaire investor Radhakishan Damani’s company Avenue Supermarts Limited has acquired a commercial building for Rs 71.5 crore in Mumbai’s Goregaon West area, documents accessed by real estate data and analytics firm Propstack show.
The stamp duty from January 1, 2021, until March 31, 2021, was 3 percent.
DMart has strategically focussed on enhancing its footprint during the past six to nine months due to the availability of better deals, according to real estate consultants Moneycontrol spoke to.
Last year in July, the company acquired a property (where a building was proposed) in Narsingi, Hyderabad spread across 43,915 sq ft for Rs 38.4 crore.
D-Mart opened its first store in Mumbai, Maharashtra in 2002.
The Maharashtra government on March 31 said it would not extend the stamp duty waiver on property registrations and kept the Ready Reckoner Rates unchanged for the financial year 2021-22.
