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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 Research Team / 15:28, Mar 13, 2015
Markets are now reinforcing the perception of an early interest rate hike by US Federal Reserve, with consensus calling for the hike taking place in June, when compared with the prior expectations of a hike in September.