Tag: Worli

Bharat Mills sold at Rs. 1505 cr.

Friday evening was a landmark in Indian Real Estate market history since the biggest real estate deal took place. National Textile Corporation (NTC) sold Bharat Mills spread over eight acres at Worli for an extreme price of┬áRs. 1505cr, i.e. Rs. 188 cr. per acre. The top bidder was Indiabulls followed by Lodha who lost the […]

Upward move in commercial realty

PropertywalaThe commercial real estate market is slowly reviving as higher government incomes and an improving economy are prompting customers to invest. Developers say that there are more enquiries from investors. Many developers, instead of selling their properties, are signing rental deals. In one recent deal, global consultant KPMG signed a deal with Lodha Developers for […]

Meltdown may hit infrastructure projects in Mumbai

The global meltdown is likely to affect infrastructure projects in the city and in the region, sooner than expected. Several infrastructure projects in the state undertaken by the government, its corporations and civic bodies are likely to suffer due to the economic slowdown. The ones, which may be directly affected are the Built Operate and […]

Lehman Bros Arm To Buy 50% In Unitech Project

Lehman Brothers Real Estate Partners has agreed to invest approximately US$175 million to acquire a 50% stake in the initial phase of a master-planned project on the Western Expressway of Mumbai. The project is being jointly developed by Unitech Ltd. and their local Mumbai Partners (the Western Expressway JV). The initial phase entails development one […]

South Mumbai Emerges As New Real Estate Destination

Premium resident, retail houses, commercial places and hotels are the identity of south Mumbai. Big entrepreneurs, businessmen, diamond-merchants, expatriates, top echelon of multinationals, Indian conglomerates and high net worth individuals are resident of this posh area. Supply has been completely exhausted in this area. No fresh supply can be injected. With the release of mill […]