K Raheja Corp, one of the largest developers of business parks in the country under the brand ‘Mindspace’, has bought 30 acres in the Ghansoli area of Navi Mumbai for Rs 210 crore or Rs 7 crore an acre, from US-based speciality chemicals company Cabot Corporation, according to sources. The 30-acre plot that earlier […]
K Raheja Corp Archive
November 24, 2014 1:57 am
Star hotel and Inorbit mall in Vashi is illegal, rules HC
On Friday, The Bombay high court stated that CIDCo (City and Industrial Development Corporation) was irregularly allotted the 31,000sq m of land in Vashi. Star hotel and Inorbit mall. The bench of Justices A. S. Gadkari and Abhay Oak said that the developer could apply for CIDCo for regularization in this period. Earlier, CIDCo had […]
August 9, 2014 2:06 am
Real estate players raising capital through NCD
Real estate players are now resorting to the issue of non-convertible debentures (NCD) to raise the capital. Recently, Intime Properties, a part of the K Raheja Corp group raised Rs 340 crore through the issue of non-convertible debentures with a fixed rate of 9.95 per cent. According to a statement issued by the real estate […]