{"id":19950,"date":"2013-07-08T11:00:55","date_gmt":"2013-07-08T05:30:55","guid":{"rendered":"http:\/\/www.bharatestates.com\/blog\/?p=19950"},"modified":"2020-06-15T03:59:24","modified_gmt":"2020-06-14T22:29:24","slug":"reliance-properties-to-be-a-new-entity-of-reliance-communications","status":"publish","type":"post","link":"https:\/\/www.bharatestates.com\/blog\/reliance-properties-to-be-a-new-entity-of-reliance-communications\/","title":{"rendered":"Reliance Properties to be a New Entity of Reliance Communications"},"content":{"rendered":"

\"RCOM\"Mumbai<\/strong>: Reliance Communications has planned to separate its property business and build a new unit that will be called as Reliance Properties. This move is a result of unlocking the true potential of real estate that Reliance Communications owns. The company owns a headquarter in Mumbai and land bank in Delhi. As per the telecom operator’s share holding, the company will allot pro rata shares in the new unit.Owned by Anil Ambani, Reliance Communications estimates the possible value of the two properties would be Rs 12,000 crore after the full development. This separation is planned as a strategy used by RCOM to divest non-crore assets and settle the focus on its core business of wireless and enterprise.The properties include huge land bank of 135 acres at Dhirubai Ambani Knowledge Centre in Navi Mumbai and four more near Connaught Place in New Delhi. Recently RCOM has ventured into collaboration with Wanda group to develop residential and commercial projects. Wanda group is given a new contract to construct a business district in Hyderabad in about 80 acres.Experts have said that the making of new entity is a move to raise funds such that the company can reduce its debt. RCOM currently has a net debt of around Rs 39,000 crore.\u0437\u0430\u0439\u043c \u043d\u0430 \u043a\u0430\u0440\u0442\u0443 \u0431\u0435\u0437 \u043e\u0442\u043a\u0430\u0437\u043e\u0432 \u043a\u0440\u0443\u0433\u043b\u043e\u0441\u0443\u0442\u043e\u0447\u043d\u043e<\/a>\u0432\u0437\u044f\u0442\u044c \u043a\u0440\u0435\u0434\u0438\u0442 \u043e\u043d\u043b\u0430\u0439\u043d<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Mumbai: Reliance Communications has planned to separate its property business and build a new unit that will be called as Reliance Properties. This move is a result of unlocking the true potential of real estate that Reliance Communications owns. The company owns a headquarter in Mumbai and land bank in Delhi. As per the telecom […]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-19950","post","type-post","status-publish","format-standard","hentry","category-realty-news"],"blocksy_meta":[],"yoast_head":"\nReliance Properties to be a New Entity of Reliance Communications -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bharatestates.com\/blog\/reliance-properties-to-be-a-new-entity-of-reliance-communications\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reliance Properties to be a New Entity of Reliance Communications -\" \/>\n<meta property=\"og:description\" content=\"Mumbai: Reliance Communications has planned to separate its property business and build a new unit that will be called as Reliance Properties. This move is a result of unlocking the true potential of real estate that Reliance Communications owns. The company owns a headquarter in Mumbai and land bank in Delhi. 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