India's mega-mega real estate deal-- Are US Consulate buildings in Mumbai really up for sale?

If the much-much loud'n'firm gossips are to be believed that are abuzz within the four walls of all the newsrooms as well as the boardrooms of the elitist of elite companies that could be interested in snapping their teeth by trying to grab a deal out of it, then it must be a news of interest to all such ears also.

The news being that two of the prime & prestigious real estate property in upscale South Mumbai, India; presently having the US Consulate buildings-- viz., Lincoln House and the US Bureaucrats Housing Society commonly called as Washington Apartments-- are reportedly up for sale.

Initial reports abuzz in the real estate & business markets peg the probable deal to be valued at anything beyond INR 800 crores (about $ 173 mio). The plots where the present US Consulate's Mumbai assets are located are reportedly measuring gigantic 8,345 sqm in area. A simple calculation, as such, pegs the initial land value somewhere around a whopping INR 9.6 lakhs per sqm. And, one should not wonder much if the rate goes further sky-rocketing considering the address of the property and the location that the property is in.

US Consulate in South Mumbai is reportedly up for sale

Lets wait and see who / which company grabs the deal and valued at how much money. It would certainly be news-piece of interest for us all directly or indirectly linked to the real estate niche :-) We shall keep ours readers posted!

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