Leading construction firm of the country, Hindustan Construction Company (HCC) has announced that it is going to divest its stake. It has informed that it has decided to divest 74% of its stake in various other projects.

'247Park' is the project in which the company is currently focusing. The project is at Mumbai and it is said to a new age business destination for the company. The company has divested stake to IL&FS Milestone Fund.

However, the value of this project is Rs. 775 crore and this '247Park' is going to be the largest standalone LEED Gold certified green building in India. The total area of this project is of 1.8 million sq. ft. This '247Park' is situated at the heart of Vikhroli in Mumbai. Vikhroli is the upcoming business corridor in the city. In March, 2010, this project was completed and now more than 85% of its space has been given on lease.

President of HCC Real Estate Ltd., Mr. Rajgopal Nogja has said that the company has completed this project on time with all highest standards.