GIC to invest in Godrej Property project
The Singapore government’s sovereign fund GIC will invest into Bandra-Kurla Complex project by Godrej Properties.
More than $100 million will be invested into the project.
Godrej Properties will construct the project over 2.5 acre BCK land with a joint development agreement with Jet Airways.
Godrej Property also planning to sell a stack in the project to reduce the debt amount.
The other options under consideration are to sell all commercial projects they have under their belt.
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35000 apartments left unsold in Mumbai
Source : Economic Times
Tags:
Bandra-Kurla Complex project, Commercial projects, GIC, Godrej Properties, Projects in Mumbai, Real estate in Mumbai
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