India, Jan. 31 -- Panasonic Life Solutions India Private Limited has purchased a prime land parcel in Mumbai's Andheri East area for Rs.160 crore whereas K J Somaiya Trust has sold one of its plots in eastern suburbs for Rs.51 crore.

The 6,586.90-square-metre plot in Andheri East is situated at Saki Vihar Road, a prime commercial district near SEEPZ and MIDC. As per the documents available with the Inspector General of Registrations (IGR), accessed through proptech platform Square Yards, Panasonic Life Solutions bought the plot from River Rose Developers LLP, promoted by the Kakadias.

As per the property transaction documents, registered on January 29, the Rs.160-crore deal involved a stamp duty payment of Rs.9.60 crore, apart from the ...