Citigroup purchased office space at RS 985 crore
Citi group purchased a commercial property at Bandra Kurla Complex for Rs 985 crore to house its India headquarters.
Over 297,000 sq ft at First International Finance Centre (FIFC) was acquired by the US banking giant.
All key businesses of Citi which are currently spread across Mumbai and other cities will be accumulated in the same building.
The 13-storey FIFC, built over 2 acres of land is a joint venture among TCG Urban Infrastructure, Vornado Realty Trust, Starwood Capital and Hiranandani Group.
Though most of the corporates prefer to pay rent or lease than locking capital for owning the asset, recently the trend is changing.
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Source: Economic Times
13-storey FIFC, Citi group, commercial property at Bandra Kurla Complex, FIFC, First International Finance Centre, property at Bandra Kurla Complex, TCG Urban Infrastructure
