A mega real estate deal is brewing in Mumbai. Axis Bank is in advanced talks with the Wadia Group for Rs.640 Cr deal for a Central Mumbai property.
Axis Bank has been negotiating for several properties in the Bandra Kurla Complex and Central Mumbai. Sources said the bank is in advanced talks with the Wadia Group to buy a 4 lakh square feet building at the Bombay Dyeing Mills compound at Worli in Central Mumbai. The bank is likely to pay about Rs.16,000 per square feet for this property buy, which means it will be paying Bombay Dyeing around Rs.640 Cr.
The deal is in advanced stages and is likely to be finalised by next week. The bank is likely to shift its head office to this new building. The building is going to be a seven storey building with an 8th floor in the making.
Bombay Dyeing has a land-bank of nearly 90 acres in Dadar and Worli which comes upto 60 lakh square feet taking FSI of nearly 1.33.
1 comment:
Thanks for sharing, Its very good to read about the mega real estate deal in Mumbai. Hope so general people will also get so many benefits.
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