HoABL Infraworld Acquires American Center in Mumbai for Rs 56 Crore
Realty firm HoABL Infraworld has acquired the historic American Center building in Mumbai for Rs 56 crore. The property, which was part of the US Consulate General, has been purchased from the US Secretary of State.
Hoabl InfraworldAmerican CenterMumbaiReal EstateAcquisitionReal EstateDec 04, 2024
The American Center building, built in 1968, is a Ground + 7 storey structure spanning 1,337.81 square meters. It has a development potential of around 60,000 square feet, making it a valuable addition to HoABL Infraworld’s portfolio. The property has long been a cornerstone of US-India relations and has housed key institutions such as the American Library, the US-India Educational Foundation, the US Foreign Commercial Service, and the press and cultural affairs offices.
\
Frequently Asked Questions
What is the American Center building and where is it located?
The American Center building is a historic landmark located in South Mumbai. It is a Ground + 7 storey structure spanning 1,337.81 square meters, built in 1968.
Who purchased the American Center building in Mumbai?
The American Center building in Mumbai was purchased by HoABL Infraworld Pvt Ltd, a prominent real estate firm in India.
How much did HoABL Infraworld pay for the American Center building?
HoABL Infraworld paid Rs 56 crore for the American Center building in Mumbai.
What is the development potential of the American Center building?
The American Center building has a development potential of around 60,000 square feet.
Who is Abhinandan Lodha and what is his role in HoABL Infraworld?
Abhinandan Lodha is the Chairman of HoABL Infraworld. He formed Lodha Ventures in 2015 and has been instrumental in the company's growth and expansion strategy.
Related News Articles
Hyderabad's Real Estate Market is Booming: What's Behind the Growth?
Real estate developers are bullish on Hyderabad's market, citing development initiatives and infrastructure projects as key factors.
India's Commercial Real Estate Sector: Defying Global Trends
India's commercial real estate market has demonstrated remarkable resilience and growth, attracting $5.4 billion in investments, despite global economic challenges.
Revolutionizing Real Estate: Navigo by Qubit Facilitates ₹510 Crore in Sales
Qubit's innovative 3D visualization tool, Navigo, is transforming the real estate market with unprecedented success.
Aditya Birla Real Estate Secures Rs 104-Crore Land in Boisar, Boosts Property Portfolio
Aditya Birla Real Estate, headquartered in Mumbai, has expanded its property portfolio with the acquisition of a Rs 104-crore land plot in Boisar. This strategic move is expected to drive the company's growth in the real estate sector. The company current
Godrej Properties Unveils Luxury Residential Project in Hyderabad
Godrej Properties, a leading name in the real estate sector, has made a significant move by launching its first residential project, Godrej Madison Avenue, in the vibrant neighborhood of Kokapet, Hyderabad. This premium project is set to redefine luxury l
Private Equity Investment Surges 35% to Reach USD 748 Million in India's Real Estate Q1-2025
Private equity investment in India's real estate sector has witnessed a significant 35% increase, reaching USD 748 million in the first quarter of 2025. This surge is primarily attributed to robust demand in key cities like Mumbai, Delhi NCR, Chennai, Pune, Hyderabad, and Ahmedabad. Savills, a leading real estate services firm, highlights the growing interest from both domestic and international investors.