K Raheja Corp-GIC buys 3-acre Land Parcel in Worli for Rs 610 Crore

MUMBAI: GlMUMBAI: Realty developer K Raheja Corp and Singapore’s sovereign wealth fund GIC have acquired a prime three-acre land parcel in Worli in Mumbai from Siemens for Rs 610 crore.

Siemens on Monday transferred and assigned its leasehold interest in this property to Whispering Heights Real Estate, a joint venture entity of Reco Solis an affiliate of GIC, Singapore and the K. Raheja Corp Group for a total consideration of Rs. 610 Crore, the company said in a regulatory filing on the Bombay Stock Exchange.

Source : freepik.com

ET was first to report the proposed transaction on December 12.

Last year, the company had signed a Memorandum of Understanding (MoU) with K Raheja Corp Group and GIC to transfer its leasehold interest in the property.

TO REAL ESTATE PROJECTS IN THANE OR KNOW MORE ABOUT BUILDERS AND DEVELOPERS IN THANE CONTACT US AT 022 2580 6868

Contact
501, 5th Floor, Plot No – A-123/4,
Odyssey IT Park, Road No. 9,Wagle Estate
Thane  – 400 604, Maharashtra, India
Mobile : (+91) 9833 4583 23 E-mail: mchithane@gmail.com