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LIC puts in Rs.400cr to build 50-storey office in eastern India.

LIC will be constructing a 50-storey office building and would be investing Rs.400 crore in to it.

Apnainsurance.com Research Bureau

26 May 2008

Life Insurance Corporation of India (LIC) wins the bid from the Kolkata Municipal Corporation for Rs.276.2 crore for five-acre plot.

LIC will be constructing a 50-storey office building and would be investing Rs.400 crore in to it. The building will be the tallest in Eastern India.

LIC will rent out 7 lakh square feet and will receive Rs.12 crore per month from the building.