The Adani Group’s decision to monetise its non-core real estate assets aligns with its strategic realignment plan.
The Adani Group is reportedly considering the monetisation of select real estate assets deemed non-core to its operations. After identifying certain assets for potential sale, the group is expanding the list to generate funds for its new real estate ventures, The Economic Times reported.
One of the properties being targeted for sale is Inspire BKC, a commercial real estate project situated on the periphery of Mumbai’s Bandra-Kurla Complex (BKC), a prime business district housing numerous multinational corporations and Indian corporate giants. The Adani Group has initiated discussions with potential buyers, including Brookfield Asset Management, in search of a non-binding term sheet. The preliminary valuation stands at an estimated Rs 650 crore.
By divesting certain non-core real estate holdings, the Adani Group aims to secure the necessary funds for its ambitious new real estate endeavors.
The Adani Group’s decision to monetise its non-core real estate assets aligns with its strategic realignment plan. The funds generated from these divestments will be directed towards fulfilling the investment requirements of the group’s ongoing real estate projects.
The Adani Group has swiftly ventured into developing commercial and real estate projects in highly sought-after markets across western India. Additionally, the group has secured the redevelopment bid for Dharavi with an initial investment of approximately Rs 5,069 crore.