M&A
Bhaashyaam Group to buy StanChart’s Chennai property in Rs.1,100-Cr deal
Chennai-based real estate developer Baashyaam Group is set to acquire the 5.78-acre Standard Chartered property on Haddows Road in Chennai for over INR 1,100 crore. The value translates to around INR 11 crore per ground while the current price in the area ranges to INR 8-9 crore per ground.The sale is part of StanChart GBS' plan to relocate its 16,000 employees from four locations, including Haddows road, in Chennai, to a new integrated 7.4 lakh sq ft facility at DLF Downtown.
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