ILP 4 India 1 Private Limited has acquired a land parcel in Mumbai’s Kurla area for Rs 193.5 crore ($23.2 million) from Shree Aditya Finwealth Private Limited, according to property registration documents reviewed by Square Yards on the Maharashtra Inspector General of Registration (IGR) portal.
The deal was officially registered in May 2025.
The transaction involves a 15,985 sq. m (~1.60 hectares) land parcel, including multiple existing structures with a total built-up area of around 4,519 sq. m (~48,641 sq. ft). The buyer incurred a stamp duty of Rs 11.61 crore and a registration fee of Rs 30,000, the documents showed.
As per Mumbai’s Development Plan 2034, the land is designated for industrial use.
Kurla, located in central Mumbai, is a prominent commercial and residential hub offering connectivity to key business districts such as Bandra-Kurla Complex (BKC), Andheri, and Lower Parel. The locality benefits from access to the Central and Harbour railway lines, Eastern Express Highway, the upcoming metro corridors, and proximity to the international airport.
ILP 4 India 1 Private Limited, incorporated in 2019, operates in the real estate and construction sector, focusing on infrastructure development projects.
The seller, Shree Aditya Finwealth Private Limited, is a Mumbai-based, unlisted non-government entity established in 1955. With over 70 years of presence in the financial services sector, the company continues to be operational.
The transaction highlights ongoing investor interest in strategically located land parcels in Mumbai, driven by infrastructure growth and urban redevelopment potential in established micro-markets like Kurla.
