Cost: Rs 272 crore
Area: 40,000 sq ft
Bishopsgate, a property in the upscale Breach Candy area, was sold for Rs 272 crore to Peninsula Land Ltd, an Ashok Piramal Group company. The building was formerly owned by Standard Chartered (75%) and HSBC (25%). The building housed senior executives of both banks with 12 apartments and 12 garages. The property was of 40,000 sq ft built up area, which is now being turned into a luxury residential tower by Peninsula Land Pvt Ltd.
Wadhwa Group, Mahindra Lifespaces, Gammon India Ltd and industrialist D P Jindal, were amongst the other interested buyers. Jindal in fact wanted to use this property for personal use.