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Realty Cos DLF, Parsvnath and Eros bid for Sebi's Delhi office-news15052012


Realty players DLF, Parsvnath and Eros are among the 13 companies, which have put in a bid for the Securities and Exchange Board of India's new northern regional office in Delhi as the regulator seeks to expand its operations in Delhi.


The market regulator is in the process of buying 30,000 sq ft or more of office space in Delhi's Connaught Place area. It currently operates through an 8,000 sq ft office on Sansad Marg and wants to make an outright purchase of built-up office space or a plot of land. Parsvnath has offered to sell its 1.18-acre plot on Kasturba Gandhi, which it has been trying to sell for the last two months for 600-700 crore.

DLF wants to sell space at DLF Towers in Jasola while Eros has offered space in Eros Corporate Towers in Nehru Place. The transaction for 30,000 sq ft of space in Connaught place is expected to happen between 150 crore and 200 crore, though a Sebi spokesperson did not confirm its budget sanctioned for the specific property. In its budget for 2012-13, Sebi has put aside around 281 crore for the acquisition of office and residential premises.
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