The residential real estate prices in Powai and adjoining areas are around Rs 25,000 per sq ft.
Out of 23 floors, Air India occupies six and three of these have been leased out. The rest are largely unused.
In a break from the recent trend, retailers, led by Kishore Biyani's Pantaloon Retail (India) Ltd, Raheja-owned Shoppers Stop Ltd and the Lalbhai Group's Arvind Ltd, are experiencing strong growth in the fashion segment, thanks to positive consumer sentiments during the current festive season.
Maharashtra SEZ act yet to be notified.
Sudden spurt could be seen as a sign of maturity or slowing in the sector.
Other than discounts, most of the sites are offering additional products to lure buyers.
Actis was earlier negotiating with other private equity players, but changed its strategy after the government opened retail sector to foreign companies.
The company, which retails maternity and baby products under 'Mom & Me', wants to open 50 stores under the brand name
Could launch high-end models once 4G technology picks up in India.
Many private equity funds and retailers, who have long-term vision, will come to India, says Biyani.
At least half a dozen such applications, including those from Celio, Gruppo Coin and Artsana, are in the works and are expected to be sent to the government in a few weeks.
Exporters, who were banking on the foreign trade policy (FTP) announced this year, have started becoming jittery as merchandise goods' exports have fallen around 15 per cent in July.
Notification after Parliament session; execution ball to be in states' court.
Brand name rule might be waived for Swedish major's mega investment proposal, indicates DIPP; final revision of its application likely by end-August.
To reduce its mounting debt, DLF, the country's biggest real estate company, is set to sign a deal with Mumbai-based Lodha Developers for selling one of its showcase non-core assets the 17-acre National Textile Corporation (NTC) land in Mumbai.
Planet Retail is owned by non-resident Indian V P Sharma and Samsonite's Ramesh Tainwala.
Airlines whose carbon emissions are more than prescribed cap have to reduce emissions or pay for it z
Real estate companies' borrowing costs have moved up by a third in the last one and a half years, from 11.5-12 per cent to 16 per cent now.
The Department of Industrial Policy and Promotion (DIPP) has finally sanctioned the proposal of allowing foreign direct investment (FDI) from Pakistan. But the final notification will be issued by the Reserve Bank of India (RBI) within the next couple of weeks. The move will be unprecedented in the bilateral trading relations between both the nuclear-armed neighbours.
Requirements on minimum size, contiguity and vacant stretches to be eased; MAT and DDT to stay
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