Q:Yes, property developer Oberoi Realty is in advanced stage to take the corporate office of Crompton Greaves Ltd at Worli in Mumbai for some Rs.200 crore.
Latest Answer: Right Abhi,
In case Oberoi Realty gets the property, they may demolish and rebuild it into another luxury property, which can create higher value to them. It could be another logic for a developer to get a ready-to-move in property is that they might get extra floor space index, which can be utilized.
