ICICI Prudential AMC Acquires Mumbai Office Tower from Kalpataru for Rs 315 Crore
ICICI Prudential Asset Management Company has acquired a commercial office tower from Kalpataru in Mumbai for Rs 315 crore, marking a significant real estate deal in the country's financial capital.
Real EstateIcici Prudential AmcKalpataru GroupMumbaiCommercial Office SpaceReal Estate NewsJul 01, 2024
The office tower, located in the heart of Mumbai, offers approximately 5 lakh square feet of prime commercial space. The acquisition is expected to provide ICICI Prudential AMC with a strategic presence in the city's commercial hub, enabling the company to expand its operations and enhance its services to customers.
Kalpataru Group, a renowned real estate developer in India, has developed several iconic projects across the country. With a strong focus on quality, customer satisfaction, and timely delivery, the group has established itself as a trusted name in the Indian real estate industry.
The Mumbai office tower deal is a testament to the growing demand for commercial spaces in the city. With the rise of startups, fintech companies, and other businesses, Mumbai has emerged as a hub for entrepreneurship and innovation. The acquisition by ICICI Prudential AMC is expected to cater to the growing need for premium office spaces in the city.
Information
ICICI Prudential AMC, a joint venture between ICICI Bank and Prudential Corporation Holdings Limited, is one of the leading asset management companies in India. With a strong track record of delivering consistent returns to investors, the company has emerged as a trusted name in the Indian mutual fund industry.
Kalpataru Group, founded in 1969, is a Mumbai-based real estate developer with a diverse portfolio of projects across India. The group has developed several residential, commercial, and township projects, and has received numerous awards for its innovative designs and commitment to sustainability.
ICICI Prudential AMC is a leading asset management company in India, with a strong focus on delivering consistent returns to investors. The company offers a range of mutual fund schemes, including equity, debt, and hybrid funds, catering to the diverse investment needs of customers.
Kalpataru Group is a renowned real estate developer in India, with a strong track record of delivering high-quality projects across the country. The group's commitment to quality, customer satisfaction, and timely delivery has earned it a trusted reputation in the Indian real estate industry.
Frequently Asked Questions
Who has acquired the office tower in Mumbai?
ICICI Prudential Asset Management Company has acquired the office tower from Kalpataru Group in Mumbai.
What is the value of the deal?
The deal is valued at Rs 315 crore.
Where is the office tower located?
The office tower is located in the heart of Mumbai, offering approximately 5 lakh square feet of prime commercial space.
Why is the deal significant?
The deal is significant because it marks a major real estate transaction in the country's financial capital, catering to the growing demand for commercial spaces in Mumbai.
What is the focus of ICICI Prudential AMC?
ICICI Prudential AMC has a strong focus on delivering consistent returns to investors, offering a range of mutual fund schemes to cater to the diverse investment needs of customers.
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