The Blackstone Group L.P. (NYSE:BX) is in talks with International Leasing and Financial Services Limited (DSE:ILFSL) to buy BKC Headquarters office building in Bandra Kurla Complex in Mumbai, sources said. Though the talks are in preliminary stages, the 400,000-sq. ft.

building could fetch anywhere between INR 14 and INR 15 billion, given the rates in the area, sources said. Capital values are between INR 35,000 and INR 40,000 per sq. ft.

in BKC. “The plan to meet their obligations and have an asset light model,” said sources.