Debt-ridden Infrastructure Leasing and Financial Services (IL&FS) has invited bids to sell six of its properties, including a 14-storey commercial tower in central Mumbai.
The company said it is selling five real estate assets in Mumbai and one in Kolkata with 15 January as the final date for potential buyers to submit their bids, IL&FS said in a newspaper advertisement on Friday. The properties include “Business Arcade”, a 42,419 sq. ft office building at Lower Parel, a prime business district in Mumbai, and two other office spaces in the same vicinity.
Other properties which have been put on the block include two fully furnished office spaces, one each at Nariman Point in south Mumbai and Dr UN Brahmachari Street in Kolkata. IL&FS is also selling a 1376 sq. ft two-bedroom flat at Mumbai’s Malabar Hills. Read More