The corporate headquarters, christened Britannia Gardens, sprawls over nearly seven acres on the Old Airport Road, leading on to Whitefield, one of the major technology hubs towards the east of Bengaluru.
According to real estate developers close to Britannia, the going rate for properties at that stretch averages Rs 20 crore per acre, thus valuing the property at Rs 150 crore (Rs 1.5 billion).
It is reliably understood that Britannia, controlled by the Mumbai-based Wadia Group, is not looking to sell the property.
Instead, it will unlock value by turning the asset into a commercial and residential complex.
"If unlocked," notes a real estate analyst, "this property can be developed to derive as much as Rs 800 crore (Rs 8 billion) in value."
Britannia is yet to finalise plans.
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