ICICI Prudential AMC Acquires Office Tower Worth Rs 3.15 Bn in Santacruz
The real estate developer Kalpataru's affiliate, Ixora Properties, has sold the complete commercial tower in Santacruz, a western suburb of Mumbai.
Icici Prudential AmcReal EstateSantacruzMumbaiOffice TowerKalpataruIxora PropertiesReal Estate MumbaiJul 03, 2024
The commercial tower, located in the western suburb of Mumbai, is a significant addition to ICICI Prudential AMC's portfolio of properties. The company, one of India's leading asset management companies, has been actively investing in the real estate sector in recent years.
Santacruz, a prime location in Mumbai, has witnessed significant growth in the real estate market in recent years. The area is known for its commercial and residential properties, and the acquisition of this office tower is expected to provide a steady income stream to ICICI Prudential AMC.
The deal is also seen as a positive sign for the real estate sector, which has been experiencing a slowdown in recent years. The acquisition of this office tower is expected to boost investor confidence in the sector and may lead to more such deals in the future.
ICICI Prudential AMC, a subsidiary of ICICI Bank, is one of the largest asset management companies in India, with a portfolio of assets under management of over Rs 3 trillion.
ICICI Prudential Asset Management Company is a leading asset management company in India, with a strong track record of investing in various asset classes, including real estate. The company is a subsidiary of ICICI Bank, one of India's largest private sector banks.
Frequently Asked Questions
Who has acquired the office tower in Santacruz?
ICICI Prudential AMC has acquired the office tower in Santacruz.
How much was the deal valued at?
The deal was valued at Rs 3.15 billion.
Where is the office tower located?
The office tower is located in Santacruz, a western suburb of Mumbai.
What is the significance of this deal for the real estate sector?
The deal is seen as a positive sign for the real estate sector, which has been experiencing a slowdown in recent years.
What is ICICI Prudential AMC's portfolio of assets under management?
ICICI Prudential AMC's portfolio of assets under management is over Rs 3 trillion.
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