SEBI may buy UTI's residential properties
Mumbai: Most The Securities and Exchange Board of India (SEBI) may buy some of the residential properties that were sold by Unit Trust of India (UTI). Sources close to the development told a newspaper that SEBI has already bought two flats from UTI in Cuffe Parade in downtown Mumbai to accommodate a couple of members, who have just joined the board. SEBI is facing a shortage of apartments and residences for accommodating its increasing staff. It may bid for some of UTI's other real estate properties situated in prime locations such as Cuffe Parade and Malabar Hills in the city.
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