More corporates are joining the bandwagon of non-textile companies that are unlocking the real estate potential of their properties.
The latest corporate entrant in the list is Golden Tobacco.
On Monday, Golden Tobacco Board resolved to develop its 7.7-acre Vile Parle property here, besides approving development of other properties in Mumbai, Guntur and Hyderabad.
The company will hold an extraordinary general meeting on January 18 to obtain the approval of its shareholders. An acre in Vile Parle has the potential to generate Rs 80 crore.
A few days back, Hindustan Composites said it was exploring opportunities to unlock value of its Ghatkopar property (18 acres) through sale or lease and the approval of shareholders had already been obtained for the same.
More : thehindubusinessline.com
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