Buoyant with the increasing demand of affordable commercial office spaces, the K. Raheja Group which already runs three IT parks under the brand Mindspace, is planning to invest an estimated Rs.2,000 crore in acquiring land and developing 6 million sq. ft of commercial space in the next two-and-a-half years in Navi Mumbai. Vinod Rohira, managing […]
Bandra Kurla Complex Archive
February 24, 2016 10:00 am
Emergence of Dadar as a real estate hub
Despite the emergence of Lower Parel and Bandra-Kurla Complex (BKC) as prominent commercial real estate locations, Dadar continues to be in a class of its own. This is on account of the favourable geographical location as well the superb connectivity it provides throughout the city. On account of its historical popularity, the residential market property […]
December 18, 2015 10:00 am
Maharashtra hikes incentive FSI, property rates in suburbs may rise
In the latest move of Maharashtra state government it is likely to see that realty rates in Mumbai suburbs may rise again, after the final notification of state government through which Maharashtra state government is planning to hike the additional premium charges and development rights with an aim to generate more revenue for exchequer, which […]
December 4, 2015 10:30 am
Commercial real estate – some huge deals of recent times
In most recent realty news, southern real estate developer, RMZ Corp is in the advanced stages of negotiations to acquire Equinox business park in Mumbai from the Ruias of Essar Group. Sources familiar with the development confirmed that the transaction has been concluded for a monstrous Rs. 2400 crore. While billionaire brothers Shashi and Ravi […]
December 3, 2015 1:30 pm
RMZ Corp is in initial talk to acquire Essar’s Equinox Business Park in Rs 2,400 cr deal
Essar is in initial negotiation stage with real estate developer RMZ Corp to sell its Equinox Business Park, which is located in Mumbai. According to sources the price of deal will be about Rs 2,400 crore, or $ 360 million. In recent years, this could be the biggest commercial real estate deal in the MMR […]
November 5, 2015 6:00 pm
Real estate investors are showing pessimistic response towards commercial real estate sector
Capital value expectations as well as monthly rentals both have marked growth in September quarter for commercial real estate segment in India, but still its lower than the expected as per the RICS (Royal Institute of Chartered Surveyors), UK based qualifications and standards authority for property, construction and land. Apart from that the Indian commercial […]
November 4, 2015 6:00 pm
To fund infrastructure projects, MMRDA puts 34,000 sq mtrs land on auction at BKC block
The MMRDA (Mumbai Metropolitan Region Development Authority) is all set to process the auction of land in BKC (Bandra-Kurla Complex) with an aim to fund its some of infrastructure projects. In past MMRDA has funded many infrastructure projects by selling different land parcels, but after 2007 its fist time when MMRDA decided to invite bids […]
October 16, 2015 10:35 am
Mumbai: 3500 cr joint project by DB Realty & Radius Group
MIG (Bandra) Realtors & Builders, a subsidiary of DB Realty is looking to enter into a joint venture agreement with Vishwaroop Estates and Developers owned by sanjay chhabria radius developers’s Radius Group for a housing project in Bandra, Mumbai with estimated sales revenue of Rs 3,500 crore. In this co-branded project, both the parties would […]
October 2, 2015 10:00 am
Abbott India buys commercial property from Godrej Developers for Rs 1,480 cr in mumbai
Abbott India, one of the fastest growing Pharmaceutical firm has bought 4,35,000 sq. ft. of commercial property from Godrej Developers, which is located at Mumbai’s Bandra-Kurla Complex and the price of deal was Rs 1,480 crore. Godrej BKC is one of the largest and high-end commercial real estate projects in all over Mumbai as it […]
September 20, 2015 10:00 am
Abbott India Ltd. has bought 500,000 sq. ft. commercial space at Mumbai in Rs 1,400 crore
Recently, Abbott India Ltd. has closed a deal of Rs 1,400 crore in Mumbai, where Abbott has bought 500,000 sq. ft. commercial space and it is one of the largest commercial real estate deal in present time, as per the real estate experts who are familiar with the real estate transaction. This deal is clear […]
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