This famous shopping mall of Delhi is being auctioned, the price has been kept at ₹ 2900 crores! Know what is the matter?
Ambience Mall Auction: A shopping mall located in the most posh area of the country's capital Delhi is going to be auctioned. According to the news of Reuters, the valuation is going on for the auction of "Ambience Mall" spread over 1.2 million square feet in South Delhi. In fact, news agency Reuters quoted two sources as saying that India's largest real estate developer DLF is evaluating the bid for Ambience Mall, which has an initial auction price of $366 million. The company's owner is in debt . The current owner of the mall, Ambience Group, is said to have not repaid about $149 million in debt to Indiabulls Housing Finance and other creditors. According to the source, DLF will review the mall's occupancy status and data related to contractual related obligations. After that, it will again consider whether to bid for it or not. However, DLF has refused to say anything in this regard. Meanwhile, Ambience Group director Aman Gehlot declined to comment on...