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.
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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.
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