Auction
As per the source the 25 acre Tata Steel land parcel that Mumbai-based Oberoi Realty bagged is anticipated to have sales potential of Rs 6,500-Rs 7,000 crore. Tata Steel announced Oberoi Realty as the highest bidder for the Borivali land located to the north of Mumbai on the basis of its final bid of Rs [...] Continue Reading »
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 »
The biggest parcels of land in Mumbai are believed to collect the highest bid of Rs 1,155 crore. It is rumor that the Oberoi Realty may be the highest bidder. A source of Tata Housing says that they are still in the race. The bidder has not been finalized yet and the process is still [...] Continue Reading »
The Tata-owned Indian Hotels Company got another chance to operate the iconic Taj Mansingh hotel as the New Delhi Municipal Council did not have any feedback from the Solicitor General on the auction and the current lease expires on March 31. Mr. Jalaj Srivastava, chairperson of NDMC, says that the council has decided to give a four-month extension, [...] 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 »
The National Centre for Performing Arts (NCPA) which is the organization started by JRD Tata and Jamshed Bhabha has put the prestigious Bhabha bungalow in south Mumbai on the block. A property consultant says that at a fixed cost of Rs 257 crore, the property with area of 17,143 sq ft and a minimum floor space index [...] Continue Reading »
The Greater Ludhiana Area Development Authority (GLADA) plans to auction the 8-acre land which currently houses the office of the canal and irrigation department on the main Ferozepur road. GLADA has kept the reserve price of this land as Rs 415 crore and plans to sell it as a single chunk for group housing project. [...] Continue Reading »
The New Delhi Municipal Council (NDMC) will not face any hurdle from the high court here in auctioning the Taj Mahal Hotel (popularly called Taj Mansingh hotel) in the national capital. There is no stay order on the auction. However, the court, in its final interim order on the matter on Friday, reiterated the Taj group of hotels [...] Continue Reading »
Chandigarh Housing Board held the auction of commercial properties which remained largely unsuccessful with only two properties fetching a little over the reserve prices. The CHB auction in 2009 had also met a similar fate. One of those properties was in Sector 38 (West) fetching Rs 61.13 lakh, just Rs 25,000 more than the reserve [...] Continue Reading »
A 22 cottah plot of land in Rajarhat, Kolkata has been sold out to set up a polyclinic cum daycare centre has drawn Rs 6.85 crore in an auction. November 9 was the last day of application. The New Town lacks polyclinics and hospitals, so the residents have to depend on neighbouring areas. To bring [...] Continue Reading »
