The U.S Government is planning to sell its properties on
prime locations of Delhi, Mumbai, Hyderabad, Chennai and Kolkata. The
responsibility of this profit making venture has been put on the shoulders of
Knight Frank, a property consultancy.
Knight Frank is supposed to evaluate and review all the
properties of U.S government in India. All of these properties are at prime
locations and were purchased at very low prices which have skyrocketed since
then due to boom in Indian Real Estate Sector.
Reportedly two months ago The U.S government has sold
Washington House, its residential building on Altamount
Road in south Mumbai, to Lodha Group for
Rs 375 crore.
The US government owns several properties like embassies,
consulates, offices, residences, schools and libraries at prime locations in
all metro cities of the country. Source:
ET.
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