Kesar India Limited has acquired a 4-acre plot in Nagpur’s MIHAN-SEZ through its subsidiary YK Infraproject Pvt. Ltd. The land parcel, with an estimated Gross Development Value of Rs. 600 crore, will be developed into a premium mixed-use project featuring commercial, residential, and luxury spaces.
Kesar India Limited has announced a landmark acquisition in Nagpur’s MIHAN-SEZ, strengthening its land bank and expansion strategy. The company aims to deliver a high-value development catering to businesses, travelers, and luxury homebuyers.
Strategic Acquisition
The newly acquired 1.62-hectare plot at Khapri, Nagpur (Rural), positions Kesar India at the heart of a fast-growing economic zone. The MIHAN-SEZ location offers strong connectivity and growth potential, making it a prime site for mixed-use development.
Development Vision
The company plans to create a premium project comprising state-of-the-art commercial showrooms, modern inn-style residences, and exclusive luxury villas. This aligns with its vision to meet evolving urban demands while enhancing shareholder value.
Key Highlights
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Acquisition of 4 acres at MIHAN-SEZ, Nagpur
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Estimated Gross Development Value of Rs. 600 crore
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Project to include commercial, residential, and luxury villas
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Expansion through subsidiary YK Infraproject Pvt. Ltd.
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Strategic land bank consolidation in high-growth region
Sources: Company press release, BSE filing