Neo Infracon’s subsidiary — New-Tech Infrastructure has entered into the lease agreement with Finetech Corporation in Phase 1 for its plot of land in village Ustane Taluka Ambernath District Thane for the period of 5 years.
The physical possession as per the agreement entered will be handed over to the licensee before the end of this month and the licensor will start receiving the rent from June 01, 2019. The revenue from lease rent will come into effect in the financial year 2019-20.
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