Indiabulls Buys Chennai Office Complex For Rs 600 Cr

Indiabulls Buys Chennai Office Complex For Rs 600 Cr

Indiabulls Distribution Services, owned by Indiabulls Securities, has bought a commercial building complex in Chennai for Rs 600 crore. The complex is owned by India Land and Properties, owned by a hedge fund Americorp. The complex has three towers with a constructed area of 2.4 million Sq. ft and a leasable area of 2 million sq ft. Consultants said at Rs 2,500 per square feet, it is a good deal for Indiabulls. “Considering that it is a ready property and located in Ambattur in Chennai, it is a good deal for Indiabulls,” said Ashok kumar, managing director of Cresa Partners, a consultant.

Leave a Reply

Your email address will not be published.