Lodha Developer has acquired Washington House, the three-storey residential building owned by the US consulate on Altamont Road, for Rs 3.41bn: reports
Reports stated that Lodha Developer compete with Mahindra Lifespaces and Tata Housing whose bids ranged around Rs 3bn.
The three-storeyed Washington House covers 2,702 square metres, or nearly three-fourth of an acre and is listed as Grade III property and falls under the Coastal Regulation Zone II, says report.
India Infoline News Service / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.