Mumbai
The famous steel company Tata Steel sold its 25-acre Borivali land parcel in Mumbai for Rs 1,155 crore to Oberoi Realty through e-auction. The Steel giant says that the committee of Independent Directors appointed for the oversight and governance of the sale process by the Tata Steel Board announced that the highest bidder of the [...] Continue Reading »
On Monday a Supreme Court bench, headed by the Chief Justice of India (CJI) P Sathasivam, requested a two-judge bench, headed by Justice Gyan Sudha Misra, not to hear a matter listed before it for a day following lawyers representing the City and Industrial Development Corporation (Cidco) complained of forum-hunting and sought de-tagging of its [...] Continue Reading »
The statement issued by the company informs that Mumbai International Airport Private Ltd s (MAIL) project bank loan facilities has been upgraded to ‘IND A-’ from ‘IND BBB+ As per the report, the rated banks loans are INR42.31bn long-term loans, INR2.5bn fund-based limits (increased from INR1bn) and INR4.15bn non-fund-based limits (increased from INR3.55bn). The rating agency has [...] Continue Reading »
As per the director of the Indian Institute of Packaging (IIP) which is the national apex body established in 1966, they are going to develop 6 towers in Mumbai which will consist of academics, hostel and lab facilities with the total cost of Rs 250 crore. He further says that the ministry has approved Rs 70 crore [...] Continue Reading »
Mr. Sitaram Kunte, municipal commissioner, of the BMC has given time till 10 April to issue the notices for structural tests to over 18,000 buildings that are more than 30 years old. It is compulsory for the societies to organize a non destructive test before the submission of the structural audit report to the BMC. [...] Continue Reading »
The data collected by the Director General of Registrations, Mumbai concluded that the registration of property sales in Mumbai is increased by 0.06 percent in February 2014. On the basic of per month data, the registration of properties have decreased by 11.4 percent in February but the numbers are strong in comparison with the 2012 [...] Continue Reading »
The financial capital of India is still witnessing property transactions under astronomical price tag despite the fact that the country is struggling with high property prices. Lately, there have been reports of the iconic Bhabha bungalow on sale, which can prove to be the costliest affair in the market with the buyers. The property, located [...] Continue Reading »
As per the data available with BMC, out of 593, only 30 percent dangerous buildings in the city have so far been vacated. After the 7 storey building in Vakola collapsed on an adjoining chawl last week in which 7 persons got injured, the BMC is now focusing on getting evacuated the dangerous building in [...] Continue Reading »
Without clear land titles and construction permissions some builders in the city have been luring clients to book flats early at discounted rates. It is illegal under the law. The customers are asked just 10 per cent to 20 per cent before the first brick is laid. Such developers manage to sell 200 to 300 [...] Continue Reading »
The state forest department has told the Bombay High Court that because of illegal construction in Thane district the ecosystem in and around the area is getting damaged. The report on violations in the narrow belt of the mangroves on the west of the Mumbai-Ahmedabad Highway which is submitted by the N Vasudevan who is [...] Continue Reading »
