Sattva Engineering Construction Limited Acquires Commercial Property in Chennai
Sattva Engineering Construction Limited announced on March 25, 2026, the execution of a Sale Deed for the purchase of a commercial property from Hindustan Chamber of Commerce. The total consideration for the acquisition is INR 3,09,00,000.The property, located at 'Greams Dugar' on the 5th Floor, South Wing, Old No.149, New No.64, Greams Road, Nungambakkam, Chennai - 600 006, includes a commercial building with a built-up area of 3,200 square feet and 900 square feet of undivided share of land.
Below is a summary of the transaction details:
| SR. NO. | PARTICULARS | REMARKS |
|---|---|---|
| 1 | Name of the Seller/Vendor | M/s. HINDUSTAN CHAMBER OF COMMERCE |
| 2 | Name of the Buyer/ Purchaser | M/s. SATTVA ENGINEERING CONSTRUCTION LIMITED |
| 3 | Brief details of the property | Commercial building having a built-up area of 3,200 Sq. Ft. at 'Greams Dugar' on the 5th Floor, South Wing, at Old No.149, New No.64, Greams Road, Nungambakkam, Chennai - 600 006, along with 900 Sq. Ft. of undivided share of land out of 12,070 Sq. Ft. comprised in T.S.No.41/10 and 41/11 at Nungambakkam Village, Block No.8, Egmore Taluk, Chennai District along with one exclusive covered car park demarcated in the plan attached and appurtenances thereon. |
| 4 | Nature of Consideration | Cash Consideration |
| 5 | Amount of Consideration | Rs.3,09,00,000/- (Rupees Three Crores Nine Lakhs Only) |
| 6 | Date of Execution of Sale Deed | 25 th March 2026 |
| 7 | Whether, the said parties are related to promoter/promoter group/ group companies in any manner. If yes, nature of relationship | No |
| 8 | Whether the transaction would fall within related party transactions If yes, whether the same is done at "arm's length" | No |
| 9 | Whether any governmental or regulatory approvals are required for the transaction | No |
The transaction was executed at arm’s length and did not involve any related parties. No governmental or regulatory approvals were required.
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