Mumbai
Private equity giant Blackstone is acquiring a 1-million sq ft office space at Vikhroli, Mumbai from real estate fund house Milestone Capital at a cost of Rs 1050 crore. The property, 247 park, is owned jointly by Milestone Capital and HCC Real Estate in a 74%-26% arrangement. It’s valued at Rs 1000 crore and requires [...] Continue Reading »
Comptroller and Auditor General Shashi Kant Sharma said that the CAG will continue to audit private companies and Private Public Partnership (PPP) projects in cases where revenue sharing with the government is involved, Regretting that economic progress has thrown up a class of ‘rent seekers. He said while speaking at a conference on corporate fraud, [...] Continue Reading »
There are numerous trenches lying open across the city indicating a grim situation for the BMC before the rains set in moreover with barely seven days left to the official deadline to complete all road works. One out of every 5km of carriageways was dug up. And, the BMC doesn’t have exact data of how [...] Continue Reading »
Impacting the finances of banks and infrastructure developers, infrastructure development, which should have been funded by the corporate bond market, was done through banks. Krishnan said at a CII event on corporate bond market, “From the first three pillars, the corporate bond market will develop high-grade instruments, whereas the fourth pillar would provide stability to [...] Continue Reading »
Even as it adjourned beyond the summer vacations the hearing of petitions challenging it. The Bombay high court on Wednesday said a status quo would be maintained in respect of registration of unilateral deemed conveyance of land to Campa Cola societies. The outcome of the 2 cases related to deemed transportation will anyway not have [...] Continue Reading »
The Maharashtra Housing Act 2012 was well received in the mainstream media ever since it was passed. It’s commendable that Maharashtra took this initiative, but what’s important to understand is that this Act has provisions that negatively impact home buyers and promote developers’ interests. What’s more, the State Act limits, and in many cases negates [...] Continue Reading »
Once again knocking the doors of politicians after the Supreme Court ordered them to vacate their homes by May 31 are residents of buildings at the Campa Cola compound in central Mumbai. The Supreme Court declined to extend the deadline given to the residents last year, on Monday. The residents of seven buildings which are [...] Continue Reading »
According to global realty consultancy Jones Lang Lasalle latest research report ‘Offices 2020,in Mumbai, About 15,000 acres of land will be available for redevelopment which in turn will increase the potential accessibility of quality new supply in the city, Mapping The Future Of The Mumbai Office Market. It added, in Mumbai grade an office supply [...] Continue Reading »
Brihanmumbai Municipal Corporation (BMC) will help Mumbaikars to make an informed decision before purchasing a house in the city. Civic approved building plans and certificates issued for a project will be available online. Shailesh Gandhi, head of the technical advisory committee explains that by the month-end, building plans approved since June 2013 will be uploaded [...] Continue Reading »
A potential joint venture is being worked out by Tata Realty and Infrastructure and Ferrovial SA of Spain to bid jointly for Mumbai’s second airport project — the Navi Mumbai airport. Tata Realty and Infrastructure’s intentions of bidding for the Navi Mumbai Airport project – most likely in collaboration with Ferrovial – marks the company’s [...] Continue Reading »
