India’s largest FMCG Company after leaving the mark in the retail market is now all set to foray into the real estate segment and to begin with the company is planning to sell out its prime properties in juhu and Santa Cruz in Mumbai. As claimed by the sources at the www.propertykhazana.com the realty prices range between Rs. 14,000 – Rs. 20,000 per sq.ft in the above said areas.
Further, the HUL to have hurdle-free transactions has recruited Cushman & Wakefield to sell the properties and also the company is on plans to go with the Joint Venture agreements or to dispose the entire properties in Bangalore at once.
As per the sources saying at the www.propertykhazana.com, the properties under the company bears a high market and the Mumbai properties alone has been appreciated with about 50% in the year and the real estate experts have come to a conclusion that the properties on sale will fetch good returns for HUL.
In continuation, HUL is geared up to sell the company’s head office which is presently being sited at Mumbai and the realty value ranges around Rs. 25,000 per sq.ft. Not at all a big amount to say because the building itself is a land mark in the locality with all required amenities. So by these plans put into practice HUL will operate under one roof in the future. It is also added by the source @ the www.propertykhazana.com that many corporate giants are highly interested with the property.
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