{"id":2400,"date":"2016-12-30T11:13:13","date_gmt":"2016-12-30T05:43:13","guid":{"rendered":"http:\/\/www.tyremarket.com\/tyremantra\/?p=2400"},"modified":"2023-08-11T16:37:54","modified_gmt":"2023-08-11T11:07:54","slug":"dunlop-house-in-worli-put-on-hold","status":"publish","type":"post","link":"https:\/\/www.tyremarket.com\/tyremantra\/dunlop-house-in-worli-put-on-hold\/","title":{"rendered":"Dunlop House In Worli Put On Hold Again"},"content":{"rendered":"<p>Dunlop India\u2019s famous 41,000 sq.feet property at Worli, Mumbai is put on the block again by the ICICI bank.The bank had taken possession of the property after the Ruia group had defaulted on a loan of Rs 519 crore from the bank. Noticeably the bank had tried to auction the property twice already with no success in order to recover the loan. ICICI has expectations of recovering about Rs 240 crore from the property.<\/p>\n<p>The landmark property was taken over by the Ruia group in 2005 when they took control of Dunlop India from Chhabria family. Further, the property got a tepid response from the buyers despite its prime location and value as people are a bit hesitant to purchase it because of the bank default issue. In 2012, the tyre makers Dunlop tried to sold this properly at a whooping Rs 400 crore but the bad market conditions at the time meant that they found no buyer for that price in the market.<\/p>\n<p>Sources at the bank have said that the property is clear and the bank is looking to sell it to recover loan amount. There are no issues in the purchase whatsoever. The prime location means that the property has great potential if it finds a suitable buyer for it.<\/p>\n<h3 style=\"text-align: center;\"><\/h3>\n","protected":false},"excerpt":{"rendered":"<p>Dunlop India\u2019s famous 41,000 sq.feet property at Worli, Mumbai is put on the block again by the ICICI bank.The bank had taken possession of the&#8230;<\/p>\n","protected":false},"author":4,"featured_media":2162,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[4],"tags":[1001,1383,996,851,1384,1186,1386,1385,860,390,228],"class_list":["post-2400","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-auto-news","tag-buy-tyres-online-in-india-at-best-prices","tag-car-news","tag-car-tyres-online","tag-dunlop-india","tag-dunlop-tyres","tag-icici-bank","tag-ruia-group","tag-tyre-companies-in-india","tag-tyre-industry-news","tag-tyre-manufacturers"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\r\n<title>Dunlop House In Worli Put On Hold Again<\/title>\r\n<meta name=\"description\" content=\"Dunlop India\u2019s famous 41,000 sq.feet property at Worli, Mumbai is put on the block 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