Close Menu
BlogSpotTipsBlogSpotTips
  • Home
  • Education
  • Finance
  • Latest Internet News
    • Social Media
    • Software
  • Game
  • Contact Us !
Facebook X (Twitter) Instagram
BlogSpotTipsBlogSpotTips
  • Home
  • Education
  • Finance
  • Latest Internet News
    • Social Media
    • Software
  • Game
  • Contact Us !
Facebook X (Twitter) Instagram
BlogSpotTipsBlogSpotTips
Home»Finance»Piramal Realty buys HUL’s sea-facing property in Mumbai ‘Gulita’ for Rs 452.5 cr
Finance

Piramal Realty buys HUL’s sea-facing property in Mumbai ‘Gulita’ for Rs 452.5 cr

DeepBy DeepFebruary 4, 2016No Comments1 Min Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Fast moving consumer goods (FMCG) firm Hindustan Unilever (HUL) announced on Wednesday that it has sold off its sea-facing property located at suburban Worli, ‘Gulita’, to Piramal Realty for Rs 452.5 crore. Piramal Realty is the property development arm of Ajay Piramal Group.

MUST READ: How to win a good property deal

Piramal Realty had earlier emerged as the highest bidder for the one acre property.

“HUL and entities of Piramal Realty (Ajay Piramal Group) have signed an agreement for assignment of the former’s leasehold rights of the land and building named ‘Gulita’ situated at Worli sea face for a transaction value of Rs 452.5 crore. The consideration includes both fixed and variable components,” the company said in a statement.

It was widely reported that ADAG Chairman Anil Ambani and Gautam Adani of Adani Group were also interested in buying HUL’s erstwhile headquarters.

Gulita, which was constructed in 1986, was put on sale soon after the FMCG giant moved its training centre to suburban Andheri.

[“source-businesstoday”]

Piramal Realty buys HUL's sea-facing property in Mumbai 'Gulita' for Rs 452.5 cr
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Deep

Related Posts

Using AI-powered Enterprise Interfaces to Optimize Operational Efficiency

May 20, 2025

Strategies for Greater Financial Flexibility: 5 Smart Ways to Repay Your Home Loan Faster

May 6, 2025

The Exchange: John Rogers on overcoming pessimism with patience

March 5, 2025
Recent Post
  • Social Media and Relationships
  • Online Counselling for Individuals and Couples
  • The Best Time to Post on Threads in 2025 — Data from 700K+ Posts
  • Using AI-powered Enterprise Interfaces to Optimize Operational Efficiency
  • How to Grow Your Brand with Micro Influencer Marketing
  • What Are the 8 Different Types of Video Game Articles?
  • Strategies for Greater Financial Flexibility: 5 Smart Ways to Repay Your Home Loan Faster
  • PS5 Pro vs the PS5 – What’s the difference, really?
Search
  • Home
  • Privacy Policy
  • Contact Us !
© 2025 BlogSpotTips. Designed by BlogSpotTips.

Type above and press Enter to search. Press Esc to cancel.