Is Anil Ambani planning to sell or lease out his headquarters in Mumbai?

Mumbai: Businessman, Mr. Anil Ambani is reportedly planning to sell or lease out his headquarters located at Mumbai.

According to the report published in Economic Times, three persons who have knowledge about it claimed that Mr. Ambani has already started negotiations with equity firms including Blackstone.

It is also reported that Mr. Ambani is planning to shift his office to Ballard Estate located in South Mumbai.

It may be mentioned that Reliance Center located at Santacruz may generate revenue to the tune of Rs. 1500-2000 crore.

The area of the site is 700000 sq ft. Out of it, 600000 sq ft is the leasable area. The company may appoint JLL, the property consultant.

It is claimed that the company is aiming at paying off debts after generating revenue through its real-estate property.