Certus Capital invested Rs 150 crore in two mid-market real estate developments in the Mumbai Metropolitan Region. These projects have a combined income potential of more than Rs 750 crore and are being developed by seasoned real estate developers JSB Group and Dynamix Group. These investments were made for Earnest.me,
House of Hiranandani said on Tuesday that it will invest Rs 12,500 crore over the next two years to construct several Mumbai Metropolitan Region (MMR) projects. According to a statement, the business plans to invest Rs 12,500 crore in five MMR projects. The investments, funded by equity and internal accruals,
Kansai Nerolac Paints, an Indian paint manufacturing company, has confirmed the sale of its property in Mumbai’s Lower Parel to real estate firm Runwal Realty. The sale, which includes a plot of land and a building, is worth Rs 726 crore. “This is further to our letter dated 26th December
On October 25, the first day of bidding, Afcons Infrastructure’s Rs 5,430 crore IPO got off to a poor start, with barely 8% of the offer subscribed for by the afternoon. According to consolidated bid statistics, 71.47 lakh shares were bid on during the public offering, while 8.66 crore shares
In a setback for the Maharashtra government, the Bombay High Court imposed a status quo on Thursday, ordering authorities not to modify the character of a 15-hectare land in Kanjurmarg handed by the Mumbai collector to MMRDA for the construction of a car shed for Metro Line 6. The Mumbai
Residents of the Kanakia Paris Cooperative Housing Society, a Bandra East high-rise, have expressed opposition to the development of an HBT Aapla Dawakhana clinic outside the society’s front gate. As workmen hired by the Brihanmumbai Municipal Corporation (BMC) contractor arrived on Wednesday to build the clinic, citizens staged a peaceful
In an interim decision issued on Thursday, the Bombay High Court delayed the execution of 2023 rules that would allow special clearance to be granted for rehabilitation project structures of up to 58 metres in height on the Marine Drive precinct in south Mumbai. It questioned whether authorities intended to
Given the city’s high real estate costs and previous record numbers, the newest plot auction in Navi Mumbai has received a lacklustre reaction. Last week, just 15 out of 47 plots offered by the City and Industrial Development Corporation (CIDCO) got qualified bids. This underwhelming response is surprising given the
The Mumbai Metropolitan Region Development Authority (MMRDA) has officially announced the name of Third Mumbai: Karnala-Sai-Chirner New Town (KSC New Town). The new community, also known as the Navi Mumbai Airport Influence Notified Area (NAINA), was first planned in 2013 to manage the chaotic growth surrounding the upcoming Navi Mumbai
Amit Jain, chairman and managing director of Arkade Developers, estimates that its ten ongoing projects in the Mumbai Metropolitan Region (MMR) have a revenue potential of Rs 4,000 crore. On Monday, the business announced the inauguration of a luxury residential and commercial property in Bhandup, Mumbai Metropolitan Region. The three-acre
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