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Peninsula Land gets 2.75 bln rupees from Alok Realtors

Source REUTERS
Last Updated: Fri, Nov 20, 2009 16:31 hrs

Property developer Peninsula Land said on Friday it had received 2.75 billion rupees from Alok Realtors Pvt Ltd for sale of property in the central Mumbai.

This is part of a 11-billion-rupee deal, of which Peninsula Land has already received 4.65 billion rupees, the company said in a statement to the BSE.

(Reporting by Bharghavi Nagaraju; Editing by Sunil Nair)

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