US$1-billion sale of Hiranandani's Powai assets raises the ceiling on commercial realty .....

“A deal of this nature confirms the appetite of global investors and shows that buyers are willing to take a risk for well-executed projects. This is a marque property, and for the buyers it guarantees a high-yielding return. From a REIT perspective, we believe that such anchor investments are good.”

Sumeet Abrol
Partner, Grant Thornton Advisory Private Limited

This article was originally published in The Hindu Business Line.