K Raheja Corp-GIC buys 3-acre land parcel in Worli for Rs 610 crore

K Raheja Corp-GIC buys 3-acre land parcel in Worli for Rs 610 crore
26/09/2017 , by , in News/Views

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.

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