Raymond, Lodha put Mumbai office properties on the block

Raymond owns two floors in the Mahindra Towers at Worli in Mumbai

Textile and apparel company Raymond and Lodha Developers, the country’s largest realtor by sales, have put their Mumbai office properties on the block.

Raymond is selling 26,000 sq ft of its built-up office space in the Mahindra Towers in Worli area, said sources in the know. Raymond owns two floors in the building, which houses the headquarters of automobile major Mahindra group. Raymond is believed to be shifting its corporate office to Thane where it has a big office complex.

Consultants expect the sale to fetch about Rs 65 crore to Raymond, given the selling price of Rs 20,000-25,000 a sq ft