· Manufacturing & Investment · Source: thehindubusinessline.com

Sundaram Clayton to sell its 16.381 acres at Korattur to Canopy Living for ₹561 crore

Chennai-based Sundaram Clayton has agreed to sell 16.381 acres of land at Korattur to Canopy Living LLP, a joint venture of Arihant Foundations & Housing Ltd and Prestige Estates Projects Ltd, for ₹561 crore. An advance of ₹25 crore has been received, with the balance ₹536 crore due on sale deed execution. The land is slated for development into a residential township, marking a significant real estate transaction in the city.

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