The deal is expected to be around Rs 1,000 crore (Rs 10 billion) in size and will take a month to conclude, a person involved with the talks between the two groups said. The plot is a part of the 18.5-acre land RIL had bought in 2006 from Mumbai Metropolitan Region Development Authority for Rs 1,104 crore (Rs 11.04 billion) in an auction.
Highlighting that mutation in a virus is a natural phenomenon, the civic body said citizens should do not panic and appealed to them to follow COVID-19-appropriate behaviour.
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The commissioning of the 3-km Versova to Azad Nagar stretch of Mumbai Metro-I project will not be operational from September, as the Central Railway Safety Commissioner's approval is still awaited.
MMRDA is set to sell 5 more properties in BKC after receiving record bids for plot earlier. Out of the 5 plots, 2 are meant for residential structures while 2 are for commercial places and one for a gymnasium.
A separate standard operating procedure will be issued by the tourism department for precautions to be taken while operating these establishments, an official release said.
The cyclone is likely to bring heavy rainfall in its wake in parts of Maharashtra, Gujarat and Goa. The light showers/drizzle in parts of Mumbai city, its suburbs and neighbouring districts of Thane and Palghar on Monday morning brought some respite to people from the sweltering heat and humidity.
On July 31, one of the five shortlisted companies, IRB Infrastructure, had said it would not bid for MTHL.
The Mumbai-based real estate developer Oberoi Realty has been one of the top-performing companies in its segment and most brokerage remains bullish on the stock. The company's stock price is 52 per cent in the last 12 months beating the broader market by a huge margin. The benchmark BSE Sensex is up just 6.5 per cent during the period.
Amid the continuing stand-off with the Bharatiya Janata Party over the proposal to appoint a Chief Executive Officer for Mumbai, the Shiv Sena on Monday warned its former ally to consult it before taking any such decision for the megapolis.
Suburbs from Vile Parle to Goregaon have 205 unsold units.
Urban planners and real estate experts say bad town planning in Mumbai and rising deaths during the ongoing pandemic are a "sad reality". Dev Chatterjee and Raghavendra Kamath report.
Fresh housing supply rose 43 per cent quarter-on-quarter across six cities during January-March to around 80,000 units, mainly driven by a revival in the demand for residential properties, according to proptech firm Square Yards. Technology-led real estate consultant Square Yards sells homes on behalf of builders and facilities home loans to consumers. In its report 'India Residential Overview: Jan-Mar 2022', Square Yards has covered Hyderabad, Bengaluru, MMR (Mumbai Metropolitan Region), Pune, Noida and Gurugram.
'We have to keep knocking on it before we get a response.'
With the Japanese government taking a lead in funding the megapolis' many signature infrastructure projects, the World Bank has evinced interest in funding the proposed Charkop-Dahisar and Wadala-Teen Hath Naka Metro projects.
However, some areas in south Mumbai, which witnessed a record rain on Wednesday, were still water-logged, they said. The India Meteorological Department (IMD) has predicted moderate to heavy rainfall in the city and suburbs and intense showers in some parts of the Mumbai Metropolitan Region in next 24 hours.
In Mumbai city alone 1,008 patients have been detected as per the state health department, of which 64 died.
The entire Mumbai Metropolitan Region has reported 21,925 cases and 718 deaths.
India's real estate market is poised for growth across categories - residential, commercial, and rental. Currently valued at Rs 24 trillion, or about $300 billion, it is projected to surge to $1.3 trillion by 2034, and then grow further to $5.17 trillion by 2047, indicates a report by the Confederation of Real Estate Developers Associations of India (Credai).
Taxi and autorickshaw drivers under Jai Bhagwan Taxi Rickshaw Sanghatana have announced they would go on indefinite strike from August 29 in Mumbai, Thane and Navi Mumbai.
'If you look at the average age of all our candidates, you will notice that their average age is between 35 and 40. It is a kind of revolution that the MNS is bringing in Maharashtra.'
At present, Mumbai Metro One Private Ltd (MMOPL) is offering a promotional fare of Rs 10 for all the destinations till July 9.
The net leasing of Grade-A commercial office space in India will stagnate this financial year at 32-34 million square feet, with global uncertainties brewing caution among key tenant categories, according to the latest Crisil Ratings report. Major seven cities in India - Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai Metropolitan Region (MMR), National Capital Region (NCR) and Pune - had Grade-A office space with an operational stock of around 705 million square feet as of March 2023. India's commercial office space is dominated by technology companies, with information technology (IT) and IT-enabled services (ITeS) companies occupying 42-45 per cent of the operational stock.
Twenty-six coronavirus patients died during the day, taking the death toll to 485, a state health department statement said.
The 102-acre government land at Kanjurmarg was handed over to the MMRDA on October 6.
Mangroves absorb excess water but they are being destroyed in Mumbai in the guise of infrastructure development, city-based environmentalist Debi Goenka told PTI.
Piramal Realty will invest Rs 3,500 crore over the next two years in four ongoing housing projects as it aims to deliver a 6 million square feet area to customers, its CEO Gaurav Sawhney said. Founded in 2012, Piramal Realty is the real estate arm of the business conglomerate Piramal Group. It is one of the leading developers with 15 million square feet of residential and commercial under development in the Mumbai Metropolitan Region (MMR).
This shift is driven by a pursuit of a superior lifestyle and an innate desire to be grounded in an owned plot of land. Villas, situated within gated housing societies, have gained popularity as a property type, witnessing strong traction due to elevated aspirations and the need for more living space.
Locations such as Chembur, Ghatkopar, Navi Mumbai and Andheri will be the future growth centres.
The government and MMRDA are keen to develop the 22-km link, which will connect Sewri on the island city to Nhava Seva in Navi Mumbai, on an engineering, procurement and construction basis and not on the build-operate transfer model, considering past experience.
Thackeray held a meeting on the issue and instructed authorities concerned to ensure there is no recurrence of the episode, an official statement said.
Uddhav said the protesters were citizens standing up for future of the planet.
During a hearing on Friday, the bench noted that Mumbai was witnessing a decline in the bursting of firecrackers.
The COVID-19 hospital has a 190-bed ICU, 1,536 beds with oxygen facility, an ICU for children, a 20-bed dialysis unit, a 40-bed triage and a 384-bed isolation room with a total of 2,170 beds, the MMRDA said in a release.
Consultants say at Rs 1,442 a sq ft, the developer has got a good bargain.
"Does one need bullet train or improvement of basic rail infrastructure," the MNS chief said.
The matter came up for hearing on Monday before a bench chaired by Justice R D Dhanuka.
The COVID-19 tally in Maharashtra till Wednesday night stood at 25,922 and the number of fatalities at 975, with Mumbai alone accounting for 15,747 cases and 596 deaths.
The opposition demanded that the concert either be postponed or given permission after the BMC poll process is completed.
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