 "GIFT City")
Bankrupt IL&FS group has put on block its entire commercial real estate assets in the Gujarat International Finance Tec-City (Gift City) for sale, which according to sources, is likely to fetch around Rs 480 crore.
In a public notice Monday, IL&FS said it has put its two towers — Gift One and Gift Two — having a developable area of around 6 lakh sqft on the block and has invited expressions of interest from investors.
These two commercial towers of 28-storeys each, are developed by special purpose vehicles — Sabarmati Capital One and Sabarmati Capital Two — respectively,
In a public notice Monday, IL&FS said it has put its two towers — Gift One and Gift Two — having a developable area of around 6 lakh sqft on the block and has invited expressions of interest from investors.
These two commercial towers of 28-storeys each, are developed by special purpose vehicles — Sabarmati Capital One and Sabarmati Capital Two — respectively,
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