Raymond Limited's real estate arm, Raymond Realty, plans to get listed during the second quarter of the next financial year (Q2FY26), according to Harmohan Sahni, chief executive officer (CEO), Raymond Realty. "We are expecting the order by June-July 2025 as far as the National Company Law Tribunal (NCLT) is concerned.
'In the past six months, capital markets have seen a dip, and realty is struggling. The stock-market investor will be cautious of putting that investment in real estate when there may be a slowdown coming.'
The Rs 2,460-crore (Rs 24.60 billion) Mumbai Monorail project, which was to be completed by 2010 and was later rescheduled for December 2012, is still under construction.
According to the government, the additional chief secretary of the state housing department is designated to sign an agreement with the Union government for the land lease transfer.
Rental housing for 43,000 low-income families in Mumbai by March 2015.
Mumbai's Metro rail system, which is scheduled to take off by next year, will have a Geographic Information System for mapping the entire rail tracks and nearby areas to enhance safety, maintenance and traffic regulation.
Two persons were rescued after the incident that occurred at 4.50 am in Shahbaz village, they said, adding that before the building collapsed, the authorities managed to evacuate 52 residents.
Why do Mumbai's civic authorities only ensure pothole-free roads only during the Ganapati season and not the year around, asks Mahesh Vijapurkar.
Mumbai's first metro project between Versova-Andheri-Ghatkopar will be commissioned in 30 months, instead of the stipulated 60 months.
'As the city grows, so do its fire incidents.'
The Mumbai Metropolitan Region Development Authority, the nodal agency for the city's makeover, has upped the estimated investment target needed for infrastructure development by over 50 per cent.
There is no proposal at present to put any restrictions on suburban train travel in Mumbai, a senior civic official has said amid the metropolis recording a surge in new coronavirus cases.
A committee headed by Indian Institute of Technology Bombay professor K V K Rao would probe the incident and suggest safety measures to avoid such instances in the future.
Four projects worth Rs 2,000 crore (Rs 20 billion) will be undertaken under the Mumbai Urban Infrastructure Project that is to be implemented in three parts by the Mumbai Metropolitan Region Development Authority's and completed by 2006.
Real estate developers in Mumbai propose to join hands to construct 5 lakh affordable houses for middle and lower income groups in partnership with the Maharashtra government in the next five years in the fast-growing Mumbai Metropolitan Region.
The employees are demanding salary parity with state government employees, seeking a pay scale adjustment to match that of their counterparts in the state sector.
Lodha Developers has emerged as a new realty giant in India.
The MMRDA ground in suburban Bandra-Kurla Complex in Mumbai awaits the arrival of Anna Hazare, who is expected to reach here on December 26 for his three-day protest fast against government's "weak" Lokpal Bill.
The Maharashtra government is considering the option of allowing private players in the municipal transport sector in the Mumbai Metropolitan Region (MMR), spread over 4,000 sq km with a population of 16 million living in seven municipal corporations and 15 municipal councils.
Maharashtra chief minister Vilas Rao Deshmukh announced on Thursday sanctiong of Rs 2,356 crore for the first corridor of Varsova-Andheri-Ghatkopar rail project jointly to Anil Ambani group company Reliance Energy and MMRDA.
Team Anna has been granted permission by the Mumbai Metropolitan Region Development Authority to use its ground in Bandra-Kurla complex from December 27.
In a development that is bound to bring cheer for Mumbai's weary commuters and overburdened transportation facilities, authorities for the Mumbai Metro 1 project estimate that the Metro will be fully functional by next year.
The Mumbai Metropolitan Region Development Authority is exploring the possibility of constructing metro rail routes along the Western and Eastern Express highways to further ease traffic congestion in the metropolis.
The Ambani brothers are once again going to clash over Mumbai's infrastructure as the Mumbai Metropolitan Regional Development Authority has decided to call financial bids for the Rs 12,000-crore (Rs 120 billion) second corridor of Mumbai Metro connecting Charkop to Mankhurd via Bandra from short-listed consortiums.
The Congress on Monday claimed that the Tata-Airbus C-295 aircraft facility inaugurated in Vadodara was earlier supposed to be set up in Nagpur and alleged that under Prime Minister Narendra Modi's instructions, the Centre and the Mahayuti dispensation have conspired to ensure the 'wholesale surrender' of Maharashtra's interests.
The society member recalled that Aaftab spoke normally during his visit.
The Rs 2,460-crore project, an initiative of the Mumbai Metropolitan Regional Development Authority, is a modern urban transport where cars move on a single beam in an elevated corridor.
A day after the contract for civil work on the first line of Mumbai Metro was awarded, a senior government official said on Wednesday that work on the second line of the project is likely to begin by June.
The Mumbai Metropolitan Region Development Authority, which is implementing the project, said that it was in talks with the World Bank for funding the project.
The Maharashtra government has agreed to raise basic taxi fares in Mumbai by Rs 2 from the existing Rs 14.
With just three days left for Anna Hazare's fast to commence, members of India Against Corruption are running from pillar to post to secure requisite clearances, reports Toral Varia Deshpande
It is yet to be decided whether the Rs 2,356 crore (Rs 23.56 billion) Phase One of the project is eligible for VGF or not, a key Finance Ministry official told PTI. \n
Jet Airways had purchased a 2.5-acre plot from the Mumbai Metropolitan Region Development Authority in March 2008 for Rs 826 crore (Rs 8.26 billion) for developing its global headquarters. However, the airline did not go ahead with the plans and started negotiations to sell off the land.
None of the seven consortiums shortlisted for the Maharashtra government's flagship project, the Rs 6,200-crore second phase of the Mumbai Metro, participated in the financial bids that closed on Friday. "The reason for asking more time could be the prevailing economic slowdown. They sought at least one more month to submit the bids," a Mumbai Metropolitan Region Development Authority official said.
World Bank is likely to give Mumbai projects Rs 275 crore less, in wake of the appreciation of rupee against the dollar.
There was some respite for Mumbaikars when the strike was called off in the evening. However, the prospect of soon having to shell out more for their journey left them anguished.
A consortium of six banks led by IDBI will finance the project to the tune of Rs 1,194 crore (Rs 11.94 billion), Rs 512 crore (Rs 5.12 billion) will be raised through equity while Rs 650 crore (Rs 6.5 billion) will come from the MMRDA as capital subsidy. The closure is unique in many ways as nearly Rs 200 crore (Rs 2 billion) have been spent on the project before the financial closure.
Maharashtra is exploring the option to develop a mass-rapid transit system in the regions to improve transport system.
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