DLF will hire an investment banker and aninternational property consultant (IPC) by mid-January to sell off its BombayMills parcel in the country’s western metropolis. The 18-acre premises atCentral Mumbai’s Lower Parel are likely to fetch Rs 2,500-3,500 crore. Three international property consultants havealready pitched in- Jones Lang LaSalle India, Knight Frank India and CB RichardEllis are expecting the announcement by the middle of January next year. JLL India has pegged the price between Rs3,000-3,500 crore, whereas Knight Frank India is looking for somewhere betweenRs 2,500-3,000 crore.
DLF’s first footsteps into the Mumbai realtymarket was with this land parcel called Bombay Mill, which it had bought withan aggressive bid of Rs 702 crore from an auction by National Textile Mill. Itwas quoted to be the largest realty deal in the country in 2005. DLF had thenannounced that it would launch a “promising and futuristicretail-cum-entertainment centre” on that site. In the last 6 years the realtymajor has changed many a drawing-sheet for the perfect launch. In fact, in Junelast year, it was planning to launch a 90-storeyed luxury residential tower onthe site— with an expected revenue of Rs 15,000 crore.
Company Name | CMP |
---|---|
Dilip Buildcon | 427.45 |
Macrotech Developers | 1420.00 |
NBCC (India) | 150.60 |
Prestige EstatesProj | 1728.05 |
DLF | 868.85 |
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