
JLL facilitates corporate divestment of CIDCO residential asset in Navi Mumbai
Mumbai, 28 March, 2024: JLL, the country’s leading real estate advisory firm, successfully facilitated the corporate divestment of a City and Industrial Development Corporation (CIDCO) residential asset in Vashi, Navi Mumbai. The asset, comprising a land area of 2160 sq. metres with two structures, was owned by Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL), a publicly listed, multi-product Indian conglomerate with an annual turnover of over one billion USD.The transaction, valued at INR 53.39 crores (exclusive of GST), marks a strategic move by DFPCL to divest its non-core asset. As a trusted advisor, JLL won an exclusive mandate to facilitate the transaction on behalf of DFPCL.Speaking of the development, Nishant Kabra, Head, Capital Markets (West & North...








