Tata Ltd., India's top corporate house has bought the Buckingham Palace and the Windsor Castle for an estimated £320,000. It is reported that the Queen rejected their initial offer of £270,000 as it did not reflect the true value of the Royalty.
The Tatas fought a stiff competition from GE and the French departmental store Galeries Lafayette. The deal has been made on 60% cash offer and rest in the form of a brand new Jaguar- which has been recently acquired by the Tatas .
Financial analyst H. Simpson said "the Queen has got a very good offer and should be mighty pleased with it in this recessionary phase."
Some sections of society have raised their opposition on the sale and are planning to seek the help and advice of US President George Bush .
A spokesman from the Tata Ltd. said "We're planning to use the properties to house the workers from our car factories in the UK."
With a wish to settle down in an ideal family environment , the Queen has opted to live with the Osbournes.
