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The Top 50 Real State & Infra Company- RANK 34, ABIL Group, Amit Bhosale, MD

Cover Story

In a closely contested auction, Pune-based realty developer ABIL Group has acquired an eight-storey commercial building at Trafalgar Square in London for nearly £100 million, or Rs 900 crore, from American global investment management corporation Black-Rock. The deal value includes stamp duty of 5% and other charges that have been paid as the registration has been concluded. The property also offers an option of developing up to 250-room luxury hospitality project. Currently, the property has around 1 lakh sq ft office and retail area. ABIL Group is planning to redevelop the property into a five-star hotel with an additional investment of over Rs 715 crore.
In another move, ABIL Group has sold its 8-acre land parcel near Pune’s Hinjewadi area to Rohan Builders for about Rs 55 crore. The proposed project is expected to derive revenues worth around Rs 500 crore, given the current and expected trend of residential property prices here.

ABIL Group has acquired an eight-storey commercial building at Trafalgar Square in London for nearly £100 million, or Rs 900 crore, from American global investment management corporation Black-Rock.

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May 2020
11 May 2020