Category Archives: Mumbai

Wider the road, taller can be its buildings in Mumbai now

The state government has finally rolled out its new transfer of development rights (TDR) policy for Mumbai, where additional construction rights will be given to builders depending on the width of a road along a project site. State urban development secretary Nitin Kareer said the policy has been officially notified. The biggest beneficiaries will be… Read More »

Maha blinks, allots 50 hectares to land Mumbai IFSC

The plan to set up International Financial Services Centre (IFSC) in Mumbai is likely to get Centre’s nod this time around, thanks to the revised proposal from the Maharashtra government under which more land has been allotted for the project. A plot adjoining the existing G-Text block at Bandra Kurla Complex has now been added… Read More »

Sahara raises Rs 150cr from Oshiwara land deal

The Sahara Group, under pressure from the Supreme Court to refund money to its investors, has raised Rs 150 crore from its controversial 106-acre Oshiwara land parcel by tying up with Ahmedabad-based developer Safal Group. This sprawl, which is part of a larger 550-acre swathe belonging to the Byramjee Jeejeebhoy family, has long been in… Read More »

Firms eager to monetize Mumbai land assets struggle to find buyers

Momentum for corporate land deals has slowed down in the past year because of valuation gaps and expectation mismatches, say property advisers, brokers The slump in the Indian real estate market, along with legal issues and delays in regulatory approvals, has significantly impacted corporate land deals in the past one year. Companies looking to dispose… Read More »

DB Realty sells plot to cut losses

With the real estate market in the city showing no signs of picking up, a top realty firm has sold off part of its 17-acre land parcel in Dahisar meant for a residential project. Dynamix Balwas (DB) Realty reportedly sold the land to a city-based realty firm Romell Group for Rs 134 crore, a source… Read More »