India, March 16 -- RSVM Hospitality Private Limited has purchased more than 18 acres of land in Thane for over Rs.497 crore from two companies belonging to the Neterwala Group, according to property registration data accessed by Propstack.

According to the documents, the land parcels are located in the Majiwada area of Thane and were acquired through two separate transactions registered on February 20, 2026.

In the first deal, RSVM Hospitality purchased 32,984 square metres of land from Chemicals and Ferro Alloys Private Limited for Rs.239.9 crore.

In the second transaction, RSVM Hospitality acquired 40,936 square metres of land from Uni Abex Alloy Products Limited for Rs.257.8 crore.

According to Propstack, the two transactions toget...