In India’s largest deal so far in the commercial property space, Canada-based Brookfield Asset Management is set to acquire Hiranandani Group’s offices and retail space in Powai, Mumbai, for around $1billion, or about Rs 6,700 crore, two people familiar with the development said. Hiranandani Group, a partnership between Hiranandani brothers Niranjan and Surendra, owns 4.5 million square feet of office and retail space in Powai, developed over more than a decade.
Read more: Economic Times
