The park, which was till now operated by Equinox Realty, the real estate arm of Essar, will now be renamed as RMZ Equinox Business Park, the company said in a statement here.
This could be the biggest office space deal in the country as Godrej Properties in September had sold 4.35 lakh sq ft commercial space at Bandra-Kurla Complex for Rs 1,480 crore.
According to the assurance, tax and advisory firm Grant Thornton, M&A deal values fell by 32 percent year-on-year largely due to decreased cross-border activity.
In what is expected to be biggest commercial real estate deal in Mumbai, Benagluru-based RMZ Corp will acquire Essar‘s business park in the city for an estimated value of Rs 2,350 crore.