Central Mumbai Worli Property : HUL Leases Out for Rs. 452 cr

HUL  (Hindustan Unilever) that has been struggling to find a lessee / buyer for its erstwhile headquarters building in South Mumbai has instead managed to sell the leasehold rights for one of its properties in central Mumbai's Worli area for Rs 452.5 crore.

HUL  has signed a pact with Ajay Piramal promoted Piramal Realty for assignment of HUL 's leasehold rights of its sea- facing property in Worli, namely Gulita for a transaction value of Rs. 452.5 crore.

Anil Ambani ..!
Piramal group outbid 4 bidders such as Anil Ambani and Gautam Adani groups, Oberoi Realty & Peninsula Land. Piramal plans to develop the property for self  use &  third party sale

Photo: TOI

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