Property worth Rs 232 crore up for sale in Mumbai

Property worth Rs 232 crore up for sale in Mumbai
02/03/2019 , by , in News/Views

Allahabad Bank has put on sale a prime piece of its property up for sale on tony Pedder Road for a reserve starting price of Rs 232 crore. Located opposite Jaslok Hospital, the 1,241 sq m plot has caught the eye of several leading developers who have evinced interest. The Kolkata-headquartered bank’s Estate Management department floated a tender earlier this month inviting bids from parties interested in purchasing the property. The last date of submission of bids is March 4, 2019.

The 154-year-old bank had a three-storied building on Gopalrao Deshmukh Marg earlier, which housed the Pedder Road branch, and it intended to construct a multi-storey building. However, the Reserve Bank of India, which had imposed certain restrictions on the public sector bank due to its weak financials, refused permission to construct it.

About admin

Loading...