Kesar India Limited has acquired a total land parcel admeasuring approximately 9.10 hectares (22.487 acres) at Mouza Sumthana Tehsil Hingna, District Nagpur, Maharashtra, significantly strengthening its future development pipeline. The latest acquisition comprises 5.10 hectares (12.60 acres) at Survey/Khasra No. 128/2, Mouza Sumthana, completed on January 23, 2026.
This land parcel is contiguous to the land acquired earlier on December 29, 2025 (Survey/Khasra Nos. 128/3 and 128/4). With this transaction, the Company has consolidated a strategically located land bank of approximately 22.487 acres in the Hingna-MIHAN growth corridor of Nagpur.
The land parcel is strategically located near MIHAN (Multi-modal International Cargo Hub and Airport at Nagpur) and benefits from excellent connectivity due to its proximity to the Samruddhi Mahamarg (Nagpur-Mumbai Expressway), positioning it within one of the fastest-developing infrastructure-led zones of the city. The location is further strengthened by the presence of established and upcoming developments by reputed national players, including DMart, Godrej Properties, Kalpataru, and Lodha Group, underscoring the area's strong residential and mixed-use development potential. The consolidated land parcel is expected to generate an estimated revenue potential of approximately INR 2,000 million, subject to statutory approvals, development plans, and prevailing market conditions.
This acquisition aligns with Kesar India Limited's strategy of early-stage land banking in high-growth micro-markets, ensuring cost efficiency, project continuity, and creating long-term shareholder value. The Company continues to focus on building a robust and scalable pipeline of future-ready projects across key emerging urban corridors. Size of agreement: Total Consideration of INR 270,000,000.
