NEW DELHI :
India's leading realty firm Lodha group has agreed to sell about 7 lakh sq ft office space in Mumbai to Singapore-based Varde Partners for about ₹1,100 crore, sources said.
The company had earlier sold four floors in this building in Wadala, Mumbai, to Tata group firm Trent Tesco for around ₹250 crore.
The total sales value of this 8 lakh sq ft office building has touched ₹1,350 crore.
The deal is likely to be concluded by the end of the next month, the sources said.
The company's spokesperson declined to comment.
Lodha group is developing a office and residential project on land which it leased from the Mumbai Metropolitan Region Development Authority.
The project Lodha Excelus is a mixed-use development spread over 23 acres and encompassing 10 residential and three commercial towers.
Currently, Lodha has around 40 under-construction projects. Its sales grossed around ₹3,000 crore in the first five months of the fiscal and expects to close the year with booking of around ₹7,900 crore.