K Raheja Corp, GIC buys Siemens building in Worli for Rs 610 cr

Capital equipment maker Siemens today said it has transferred its lease for its Worli building to a joint venture K. Raheja Corp Group and GIC, Singapore for a consideration of Rs 610 cr.

The deal was originally announced in December and is one of the biggest land deals in India in recent times.

The property, located at Plot No. 130 Pandurang Budhkar Marg, Worli, Mumbai was transferred in the name of Reco Solis Pte Ltd.

The plot is situated in a lucrative residential-cum-commercial area full of high-rise constructions built on former textile mill land.

K Raheja Corp is one of India’s leading and most trusted real estate developers offering excellent residential, commercial retail and hospitality projects, and is the company behind the Inorbit brand of Malls.

GIC Private Limited, formerly known as Government of Singapore Investment Corporation, is a sovereign wealth fund established by the Singapore government.