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RBS' Worli apartment sold for 
37.25 Crore
By siliconindia
|
Tuesday, 06 April 2010, 14:57 IST
37.25 crore, making it one of the most expensive residential property deals in the metropolis, reports PTI.
The apartment was located in Samudra Mahal building in Worli in central Mumbai. "The apartment was lying vacant for sometime and the bank sold it purely for commercial reasons," an RBS spokesperson told PTI here on Monday.
According to British newspaper reports, RBS has put up one of its properties in London, a landmark five-star hotel, up for sale. The Grosvenor House hotel, operated by JW Marriott hotels and Resorts, could be one of the most expensive hotels ever to come to the market in Europe, newspaper reports said.
The real estate market has revived in recent weeks, with large value commercial property making a comeback. The Worli apartment is not the only piece of real estate that RBS has put on the block in India, sources close to the development said. Foreign banks such as Citi sold residential properties in 2008 and 2009, citing changes in the compensation package as the reason for the sale.