United State consulate might earn Rs.15, 000 crore by selling Mumbai buildings
After many months of rumours, the United States Embassy has eventually put 2 of its iconic possessions – Altamount road’s Washington house and at Breach Candy’s Lincoln house on block. These both the properties are projected to make the embassy minimum Rs. 1500 crore.
Yesterday, DTZ International Property Advisors published an advertisement for interest expression from purchaser. The embassy operates from Lincoln house; it’s registered grade 3 legacy structure once fitting to Maharaja of Wankaner. US Government had taken 8,345 sq. m plot on the nine hundred ninety nine years lease before half of the century and it too contains the Consul-General residence.
Washington house that is 3 storeys, situated at 2,712 sq. m plot, senior consulate officials resides here. 2 property’s sale is forerunner to the embassy’s plan to transferred all its workplaces to new swanky ten crore complex below Bandra-Kurla complex. Over this DTZ India’s CEO Anshul Jain said that these are tent properties located in Central Mumbai and we are estimating little bit big interest, in spite of market situations.
2 South Mumbai property’s least reserve cost would be permanent just after official endorsement from Ministry of External. According to sources, there is expectation that Lincoln House gamers minimum Rs. 1000 crore, whereas another Washington House is projected to make over fifty crore.
The alliance of all its workplaces to newer BKC spot, which was accepted almost before 8 years, it is portion of measures to toughen security. BKC contains under-construction building of 9 structures, comprise waiting area for 100s of visitors and different visa meeting windows. As per sources, complex would contain residence of Cousul –General, majority of the other senior consulate officials would transferred to apartments close to BKC.