Sanofi India has bought 150000 sq. ft. of office space in Powai, Mumbai. Once the building is completed, Sanofi India will shift their HQ from Andheri.

Pharmaceutical Major Sanofi India plans to shift its HQ.

MUMBAI: Sanofi India, the Indian subsidiary of French pharmaceutical major, has bought 150000 sq. ft. of office space from L&T Realty. The deal was fixed at a price worth Rs.220 Cr. Rs.220 Cr is, so far, the largest deal in 2013.

The Indian subsidiary of French pharmaceutical major plans to shift its headquarters from Andheri to Powai. Once the building is ready, they will shift.

Sanofi will pay the entire amount in installments. The payment is linked to building construction. The deal was signed a few days ago, two persons with direct knowledge revealed.

The construction of the 10-storey office space project has already been begun. The project is expected to be completed within two to three years. The new building is only a part of L&T Business Park. JP Morgan and L&T Infotech are currently operating in this commercial project. Continue reading →