Real estate firm Unitech is in talks with Oriental Bank of Commerce (OBC) to sell its office building in Saket, New Delhi, said a top company executive.
If the deal materialises, it could fetch Unitech around Rs 500 crore. The company is also simultaneously in talks with 7-8 wealthy individuals to sell floors in that office, in the event of a deal with OBC not working out.
We are working on two options — either selling the entire building to one buyer or different floors to multiple buyers, said Unitech MD Sanjay Chandra. The six-floor 2.2 lakh sq ft office, which is almost ready to be occupied, can fetch around Rs 500 crore if sold to one buyer and higher if sold floor-wise to multiple buyers.
More : economictimes.indiatimes.com
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