Realty major Embassy Group, owners of the biggest business parks in the city, is in advanced talks to buy a 12-acre land parcel near Hebbal from drug maker AstraZeneca for Rs 290 crore, people directly familiar with the matter, said.\u00a0Billionaire Jitu Virwani-led Embassy is expected to pay Rs 24 crore per acre to acquire the land from the British company, which is monetising the real estate after shutting down its R&D centre there. AstraZeneca was involved in the development and drug discovery research of tropical diseases but closed down the centre as part of a realignment of its global research functions.<\/p>\n
Read more: Economic Times<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Realty major Embassy Group, owners of the biggest business parks in the city, is in advanced talks to buy a 12-acre land parcel near Hebbal from drug maker AstraZeneca for Rs 290 crore, people directly familiar with the matter, said.\u00a0Billionaire Jitu Virwani-led Embassy is expected to pay Rs 24 crore per acre to acquire the\u2026 Read More »<\/a><\/span><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,18,19],"tags":[103,87],"class_list":["post-480","post","type-post","status-publish","format-standard","hentry","category-city","category-deals","category-investment","tag-commercial-sales","tag-embassy-group"],"_links":{"self":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/480","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/comments?post=480"}],"version-history":[{"count":1,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/480\/revisions"}],"predecessor-version":[{"id":481,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/480\/revisions\/481"}],"wp:attachment":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/media?parent=480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/categories?post=480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/tags?post=480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}