Two office spaces totaling 18,764 square feet were sold by Piramal Capital and Housing Finance Ltd. to TCG Urban Infrasturcture Holding pvt ltd for the price of 110 crore. These office spaces are located in the TCG Financial Centre in the Bandra Kurla Complex.
The corporation has acquired apartments 901 and 1001 on the 9th and 10th floors of the TCG Financial Centre in the Bandra Kurla Complex. Both of these flats have a combined area of 9,382 square feet. This transaction was recorded on March 28 and includes 31 parking spaces for vehicles.
CRE Matrix, a real estate data analytics business, said that the buyer had to pay 6.6 crore rupees in stamp duty.
According to sources within the industry, this transaction involves a buy-back. Formerly known as DHFL, the company that is now known as Piramal Capital and Housing Finance Ltd made the acquisition of these apartments from the company that is developing them, TCG Urban Infrastructure Holdings Pvt Ltd.
The TCG Financial Centre is the crown jewel of TCG Real Estate’s development, and it is situated on the principal boulevard in the G Block. The LEED certified structure was constructed in 2011 and demands an estimated rent of 280 to 330 per square foot on the built-up area. This building is a preferred office destination of international corporations, banks, and consulates.