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The land parcel is located in South Mumbai's Tardeo neighbourhood and has a total area of 4,300 square metres (46,268 sq ft).
E-commerce model appears to be the best bet available to US retail giants at this point to tap the Indian market.
Naik is passionate about protecting India's manufacturing sector from the onslaught of Chinese imports.
GVK Skycity's 20-million sq ft commercial space will be bigger than that in BKC; bids invited for first phase.
Since allowing FDI in multi-brand retail has been left to the states, Indian companies may not benefit as foreign investors are wary of the politics.
Indian property markets are not in the pink of health.
Retailers and mall developers have seen 35-50 per cent growth in the first two weeks of the end-season sale.
Executives in the segment say some top European, Japanese and Korean retailers are seriously interested.
The UK-based retailer can add to the best practices it already brings to Tata's retail business.
French giant might apply for multi-brand retailing if UK rival gets nod.
Reliance has around 100 Delight stores in the country.
The stores will sell products under the Fashion at Big Bazaar brand.
At a time when others are cutting on development of commercial property, plans to add 50% more of IT space.
Regulator seeks clarification on transfer of convertible debt after merger
Analysts say worst seems over but RBI's helping hand needed in form of rate cuts.
Sales have picked up in the past few days for retailers in the apparel and consumer durables segments.
The Supreme Court has dismissed many petitions in the past but rarely has the country's apex court accused the petitioners of being "stool pigeons" of powerful corporate lobbies.
Mumbai police chargesheets billionaire-builder Chandru Raheja for cheating, breach of trust; Rahejas call it pressure tactic, say Wadia plea was thrown out by Supreme Court
The fund is to invest in income generating assets such as malls, office complexes among others.
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While private equity giant Blackstone and Pune-based realtor Panchshil Realty had offered Rs 800 crore for the building at Nariman Point, the building's owners -- Viveck Goenka, chairman and managing director of the Indian Express Group, and private equity firm ICICI Venture (which has 49 per cent stake in the property) -- expected the sale to fetch Rs 900 crore, said the executive.
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