The Indian real estate market may be going through a bit of a slump lately, one wealthy property owner who has recently come on hard times is hoping to make big bucks from one of Mumbai’s most exclusive properties in who’s the lucky seller? Uncle Sam and the US State Department is set to sell an estimated $300m worth of prime real estate in Mumbai as it moves to a new multimillion dollar, 10-acre complex further north in the city at the end of this month.
The September, ads inviting bids for the properties appeared in the Times of India between an advert for hair loss treatment and an article on illicit after-hours drinking, according to Reuters are over the last month or so, reports have surfaced that call into question not only the Americans’ ability to sell one of the two properties, to their very ownership of the land in the 1st place in moving to its new home and the Americans may have stumbled into that oldest of Indian traditions, the property dispute.
Lincoln House consular and other services, sits on the Arabian Sea in Breach Candy, near the expat dominated Breach Candy Club, with its massive pre-partition India shaped swimming pool and outwardly colonial if not wholly unpleasant air (the story goes that it once sported a “No Dogs or Indians” sign out front) to built in 1938 by the Maharajah of Wankaner, in the 90,000 sq ft mansion was sold to the US government in 1957 on a 999 year lease with demand for US visas skyrocketing in recent years and with Mumbai growing as a commercial hub, the consulate needs to move to a bigger location.
The September, ads inviting bids for the properties appeared in the Times of India between an advert for hair loss treatment and an article on illicit after-hours drinking, according to Reuters are over the last month or so, reports have surfaced that call into question not only the Americans’ ability to sell one of the two properties, to their very ownership of the land in the 1st place in moving to its new home and the Americans may have stumbled into that oldest of Indian traditions, the property dispute.
Lincoln House consular and other services, sits on the Arabian Sea in Breach Candy, near the expat dominated Breach Candy Club, with its massive pre-partition India shaped swimming pool and outwardly colonial if not wholly unpleasant air (the story goes that it once sported a “No Dogs or Indians” sign out front) to built in 1938 by the Maharajah of Wankaner, in the 90,000 sq ft mansion was sold to the US government in 1957 on a 999 year lease with demand for US visas skyrocketing in recent years and with Mumbai growing as a commercial hub, the consulate needs to move to a bigger location.
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