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Merger & Acquisition

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

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“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.