Raheja sells mumbai office building to Motilal Oswal for Rs 156 cr

Mumbai, Oct. 4 -- K Raheja Universal, specialising in premier real estate development in the city, has sold off its high-end commercial building called Raheja Chromium at Prabhadevi to Motilal Oswal Securities for Rs 156 crore.

The six-storied building would now be used as Motilal Oswal's corporate office. The transaction was concluded last week.

With prominent frontage on Gokhale Road, the property is in the precinct of premium commercial developments of Prabhadevi and Senapati Bapat Marg. "The project is benchmarked with global standards and features like elegant glass facade, well planned spacious offices, private terraces, high - speed elevators, landscaped areas and ample parking," a Raheja official said.