K Raheja Corp buys mall worth Rs 476 crore in Mumbai
Leading real estate firm K Raheja Corp has purchased Sobo Central Mall in South Mumbai’s Haji Ali area. The deal is worth Rs 476 crore. The mall is purchased from Kishore Biyani's Bansi Mall Management Company (BMMCL).
The mall is named Crossroads Mall and comes along with land of 5,357 sq mtrs and a built-up area of 9,873 sq mtrs followed by 1,579 sq mtrs of common area and facilities. As per reports, the owners were under financial stress as lenders led by Canara Bank were owed over Rs 700 crore.
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