Bandra
Five years after the Indian Hotels Company (IHCL) acquired the landmark Sea Rock Hotel in Mumbai’s western suburb of Bandra, its plan to redevelop the asset and integrate it with the nearby Taj Land’s End still remains on paper. The project, said chairman Cyrus Mistry at IHCL’s 113th annual shareholders’ meeting, has been delayed because [...] Continue Reading »
Pune-based realty player Kolte-Patil Developers is expecting nearly 20-30 % of its revenues from the redevelopment market in the next three years. Mumbai’s residential redevelopment market is growing big as many old societies are taking up the renovation and redevelopment work. The government too has identified many housing societies which need immediate redevelopment to ensure [...] Continue Reading »
Rail Land Development Authority (RLDA) has been trying to lease its prime 10-acre plot in the Bandra area. The authority has increased the duration to 45 years this time. The lease is expected to fetch around Rs.2,500-3,000 cr for the Railways. The authority wants the developers to build a commercial office complex on the plot. [...] Continue Reading »
Gopal Raheja fought his son Sandeep Raheja and daughter-in-law Durga until his last breath in March but the real estate tycoon has left all his estate and properties to his son. Raheja is the founder of Rs 11,000-crore worth realty group. He had accused his son, Sandeep Raheja, of trying to usurp his entire business [...] Continue Reading »
The state government has made the suggestion that the Western Railway (WR) elevated corridor be terminated at Bandra. This may make the project unviable due to low commuter volume. There was a difference of opinion among the railways, the Planning Commission and the state government about the elevated corridor project. After a meeting of the [...] Continue Reading »
A source says that the Indian Railways has introduced tenders and the land parcel given to the successful bidders on a 45-year lease is expected to collect Rs 2,500-3,000 crore. This land is given for commercial development of 4.3 hectares of a prime land parcel in Bandra (east). The Railway Land Development Authority (RLDA) is [...] Continue Reading »
Piramal Sunteck Realty Pvt Ltd has tied up with Sussanne Roshan’s plush interiors brand for interior designing. The tie up is done for the Charcoal Project. The tie up will provide Nagpur’s elite denizens a taste of exclusive high living which was previously accessible only to the aristocratic circles in large metros. The tie up [...] Continue Reading »
The MMRDA official was hoping to complete new building by September 2014, as per the earlier deadline. Mr. UPS Madan, MMRDA’s metropolitan commissioner, says that there has been some obstruction as the interior work is going on. They hope to finish the work in 6 months. The cost of this project is also increased because [...] Continue Reading »
The Mumbai Metro Rail Corporation (MMRCL) plans to issue detailed tenders for the 32.5-km Metro-3 by July 2014 and award the project by October 2014. The cost of this project is around Rs 23,136 crore. The development of the Colaba-Bandra-SEEPZ underground metro corridor will be awarded on EPC (engineering, procurement and construction) which is expected [...] Continue Reading »
On Tuesday, Gopal Raheja of GL Raheja Group died, who was among the first professional property developers in the country, patriarch of the 11,000-crore.The actual reason for his death is not known though he was 80 and was ailing for some time now. An active real estate developer since the 1960s, Gopal Raheja was mainly [...] Continue Reading »
