US govt looking to sell real estate properties in India
The US government has hired property consultancy Knight Frank to carry out a valuation and review of all its real estate properties in India. The properties, valued at thousands of crores, were acquired over the years at low rates and the recent move may indicate possible sale of some assets in the future.
The properties include embassies, consulates, offices, residences, schools and libraries at prime locations across Delhi, Mumbai, Hyderabad, Chennai and Kolkata. Considering the real estate boom over the last few years the prices of these properties have sky rocketed.
Landmark properties include American Centre on Kasturba Gandhi Marg, the twoacre bungalow on Tilak Marg, the American School in Delhi and American Centre located close to the posh Esplanade area in Kolkata.
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