India, June 25 -- Standard Mills owner Standard Industries Ltd has sold development rights for a prime land parcel in Mumbai's Dadar West to Prabhadevi Developer Pvt. Ltd in a transaction valued at over Rs.169.51 crore, according to property registration documents reviewed by CRE Matrix.

According to the property registration documents, the plot measures approximately 1,937.30 square metres and the landowner will also get a portion of constructed area in the new building constructed by the developer named Prabhadevi Developer Pvt. Ltd.

The transaction, registered on May 22, 2026, was in the form of a Deed of Assignment of Development Rights, for which a stamp duty of over Rs.9 crore was paid.

As part of the transaction, Prabhadevi Deve...