Mumbai: The property market may have turned sluggish but land sales are no where even near the stagnation point in Mumbai as some are expecting it to be. Many aggressive property developers are buying land in prime locations in an anticipation that the property market will soon revive.Even as buyers have almost stopped buying due to property prices which have shot through the roof, prime land parcels in Mumbai are being released into the market and also being bought by developers. Among these developers most are privately owned like Parimal Realty and Lodha Group. Listed developers are being more cautious about buying land as they are worried about high debt and funding concerns.Cushman and Wakefield MD (South Asia), Sanjay Dutt said, “Good land assets in Mumbai will always attract a premium and not lose value even in a dull market.”Examples of such land transactions are strewn all over Mumbai especially on the sites of closed factories. Clariant Chemicals, a specialist in chemicals major, has been rumoured to be trying to sell its 88 acre plot on Kolshet road in Thane. The plot is supposed to be sold in six month for Rs 1,200 crore. In 2005 and 2010, Clariant Chemicals had sold 60 acres of land at Balkum village in Thane to Kalpataru Group, a development company. The transaction was for Rs 300 crore and the land was the site for the erstwhile factory of Clariant Chemicals.Infrastructure firm Gammon India has a debt of crores of rupees and is looking to bring down its debt by Rs 2,000 crore by selling or entering into a joint agreement to develop its Dombivli property which spreads over 185-acres. Gammon India had bought this plot from PAL Peugeot for Rs 726 crore in 2011 in a court auction. Now it will possibly sell the land to either Lodha or Runwal.Yet another deal that is waiting to happen is the sale of the 5 acre plot of the Great Eastern Spinning and Weaving Company Ltd in Byculla. The plot is jointly owned by the Kanoria family and Mahindra Developers. The Lodha Group, Peninsula land and Parimal Realty are among the possible buyers of the land which has been priced at Rs 500 crore.займ на карту без отказов круглосуточновзять кредит онлайн