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Mumbai: Morgan Stanley may lease office space in BKC

Morgan Stanley Real Estate Investment (MSREI) plans to invest in a commercial project in Mumbai. It aims at building nearly 1.6 million square feet office space in Bandra Kurla Complex (BKC).

 

The project was initiated by Mumbai based real estate developer Wadhwa Group. This is the first time, this company is considering investment in office spaces in India. Before this MSREI had invested around $850 million in housing projects in India. With two towers devoted to office space, this project is anticipated to be completed by the end of 2014.

 

Favista’s Views: Indian real estate offers profitable investment options and this can be inferred from the increasing interest of international investors in Indian real estate. Moreover, BKC is a premium locality for offices.

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