KCT Group buys HSBC's building in South Mumbai for Rs.83-Cr

Kolkata-based KCT Group has bought an 108-year-old prime commercial building owned by HSBC at Horniman Circle in south Mumbai's Fort location for over INR 83 crore. The ground plus three-storey neoclassical art deco building currently houses the offices of HSBC Asset Management and the bank's operations.