Siemens Offers 13 Residential Properties In Mumbai

Published: July 31, 2009 at 12:23 PM | Author: Administrator
News Source: July 13, 2009 - Indian Realty News

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Siemens has put 13 of its residential properties in Mumbai on the block. These properties are a part of the company's non-core assets and are spread across a total area of over 15,000 sq ft with an average price of around Rs 30,000 a sq ft. The company wants to take advantage of stability in realty prices. It plans to raise around Rs 45 crore, with a minimum selling price of an apartment starting from at least Rs 1 crore with an average price of around Rs 3 crore. It has appointed Jones Lang LaSalle Meghraj (JLLM) as the property consultant for the deal.