UK Consulate Acquires Mumbai Office from Lodha Group for Rs.1.01 Bn
Real Estate

UK Consulate Acquires Mumbai Office from Lodha Group for Rs.1.01 Bn

In a significant real estate deal, the UK Consulate has purchased office space in Mumbai's Lower Parel locality from the Lodha Group for ?101.2 crore. This transaction marks a strategic move by the UK government to enhance its presence in Mumbai and strengthen bilateral ties with India.

The office space, located in one of Mumbai's prime commercial areas, offers strategic advantages for the UK Consulate in terms of accessibility and visibility. The acquisition underscores the consulate's commitment to expanding its operational footprint in India's financial capital, facilitating smoother consular services and diplomatic engagements.

According to sources, the transaction reflects confidence in Mumbai's real estate market and highlights the city's continued appeal as a preferred destination for international investments. The deal also aligns with Lodha Group's strategy to leverage its premium real estate portfolio and attract prestigious global tenants.

The UK Consulate's investment in Mumbai's commercial real estate market is expected to have positive implications for the local economy, including job creation and ancillary business opportunities. It signifies a vote of confidence in India's growth prospects and underscores the city's status as a hub for international business and diplomacy.

Overall, the acquisition of office space by the UK Consulate in Lower Parel represents a mutually beneficial transaction that strengthens diplomatic ties and underscores Mumbai's prominence on the global stage.

In a significant real estate deal, the UK Consulate has purchased office space in Mumbai's Lower Parel locality from the Lodha Group for ?101.2 crore. This transaction marks a strategic move by the UK government to enhance its presence in Mumbai and strengthen bilateral ties with India. The office space, located in one of Mumbai's prime commercial areas, offers strategic advantages for the UK Consulate in terms of accessibility and visibility. The acquisition underscores the consulate's commitment to expanding its operational footprint in India's financial capital, facilitating smoother consular services and diplomatic engagements. According to sources, the transaction reflects confidence in Mumbai's real estate market and highlights the city's continued appeal as a preferred destination for international investments. The deal also aligns with Lodha Group's strategy to leverage its premium real estate portfolio and attract prestigious global tenants. The UK Consulate's investment in Mumbai's commercial real estate market is expected to have positive implications for the local economy, including job creation and ancillary business opportunities. It signifies a vote of confidence in India's growth prospects and underscores the city's status as a hub for international business and diplomacy. Overall, the acquisition of office space by the UK Consulate in Lower Parel represents a mutually beneficial transaction that strengthens diplomatic ties and underscores Mumbai's prominence on the global stage.

Next Story
Infrastructure Energy

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Next Story
Infrastructure Urban

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Next Story
Infrastructure Energy

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?