Thane Plots Up for Auction at ₹169cr
Four plots in Thane are up for auction. The reserve price is ₹169cr.
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Four plots in Thane are being auctioned with a reserve price of ₹169 crore. This comes as the developer faces financial difficulties, with a proposed 72-storey tower at Teen Haath Naka currently stalled.
The auction is a result of the developer's mounting dues. The plots are being sold to recover the debts.
The developer's financial distress has affected several projects, including the proposed Star Living tower at Teen Haath Naka, which remains stalled.
Frequently asked questions
Why are the Thane plots being auctioned?
The plots are being auctioned due to the developer's mounting dues.
What is the reserve price of the Thane plots?
The reserve price of the Thane plots is ₹169 crore.
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