According to industry estimates, around Rs 8,000 crore of real estate projects covering over 40 million square feet are facing delays.
The auction by National Textile Corporation for the 4.8 acre Kohinoor Mill No 3 land in Dadar area has been won by city-based Kohinoor CTN for Rs 421 crore.
The Podar Mill, which went under the hammer today, is expected to get higher bids in the remaining two days of the e-auction.
Reacting to the ED's summons to Raj, his estranged cousin and Shiv Sena chief Uddhav Thackeray, in an intriguing comment, said he did not expect any 'solid outcome'.
India gets its first basmati billionaire family. The promoter family of KRBL reaps gains from high demand for basmati in India and overseas. The company had a stock of 300,000 tonnes of rice as of September 30.
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