Godrej Fund to Sell Three Floors in BKC Project for Rs 900 million

29 Sep 2023 CW Team

Godrej Fund, a prominent player in the real estate sector, is preparing to divest three floors within its ambitious Bandra-Kurla Complex (BKC) project, eyeing an impressive ?900 million windfall. This strategic move comes as part of the fund's ongoing efforts to optimize its real estate portfolio. The three floors in question are situated in the prestigious BKC business district of Mumbai, known for its prime commercial real estate. The potential sale is expected to attract significant interest from investors seeking to capitalize on the burgeoning Indian commercial property market. Godrej Fund's decision aligns with the broader trends in India's real estate market, where key players are actively reshaping their portfolios to adapt to changing dynamics. The ?900 million transaction reflects a growing confidence in the BKC area's investment potential, as businesses continue to establish a strong presence in this thriving commercial hub. This development underscores Godrej Fund's commitment to value creation and efficient portfolio management. It also signifies the continued allure of BKC as a prime investment destination in the Indian real estate landscape.

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