The largest bank of Japan MUFG pick up 30,000 sqft of space on rent for 10 years for approximately Rs 90 crore at the commercial building in Adani Realty at BKC, sources said. After many years in Nariman Point, the bank that started operations in Mumbai in 1953 relocates its Indian headquarters to BKC. Established […]
Adani Realty leases 30,000 sqft of space to Japanese largest bank MUFG.more
Crisis-hit IL&FS will be inviting initial bids to sell its corporate headquarters in the Bandra-Kurla Complex (BKC) in Mumbai at the end of this month, almost two years after the debt-ridden infrastructure lender folded, two people with direct development knowledge said. By the end of this financial year, the organisation aims to monetise the high-end […]
IL&FS wishes to fetch Rs 1,500 crore by selling its headquarters in Mumbai.more
Invoking the force majeure clause in the context of the COVID-19 lockdown, the promoters of the X BKC project in Kala Nagar, Bandra requested MIG Colony’s original tenants not to deposit their cheques for the May-June period. Citing financial problems and bad market conditions, MIG (Bandra) Realtors and Builders Pvt Ltd, part of the DB […]
X BKC project promoter declines to pay rent by citing force majeure clause.more
Thirty years is a short time in a rising metropolis and as the commercial hub of the Bandra-Kurla Complex became a hotspot, MMRDA decided to make it more lucrative by preparing a cosmopolitan development of taller buildings, and greener spaces. A master plan to construct 28 commercial and 10 residential buildings in BKC’s E Block […]
MMRDA proposes 28 commercial and 10 residential buildings in BKC to make the area more lucrative.more
Despite slow economic growth and rental in the Central Business Districts (CBDs) of Bengaluru and Mumbai, the Indian Office Market will continue to be strong in 2020, while CBD rental growth is expected to remain steady in the National Capital Region (NCR), Knight Frank India said. The CBD of Bengaluru is expected to see more […]
The Bengaluru CBDs became Asia Pacific best performing market, expected to grow more in 2020.more
Prestige Group, the real estate company, has purchased 28.99% stake in the commercial development of a DB Realty project. This Commercial property is located in Mumbai’s Bandra area which is having over 7 lakh sq ft development potential and priced at approximately Rs 2,100 crore. The joint venture will develop a project for mixed uses, […]
Prestige Group acquires a joint venture deal for a Commercial property located in Bandra, Mumbai.more
During rush hours, most motorists used to take 1hr 20mins to clear Lower Parel railway station to the Doordarshan junction in Worli which is just 1.7kms. This is the chaos that Mumbaikars ended up walking to their destination because there was no way to find a taxi. Finally, on Saturday morning, the decades-old problem came […]
Government clears 25 structures, reduced travel time from 1hr 20mins to 10mins.more
The hyperloop project of Pune-Mumbai still needs to find a regulator who is able to control its construction, safety measures as it is going to become the world’s first operational hyperloop. In 2018, Maharashtra approved a proposed high-speed line between Mumbai and Pune for Virgin Hyperloop One-led consortiums that would reduce the time from 3.5 […]
State government to finalize a regulator for the Pune-Mumbai hyperloop project.more
As a next central business area on the route of Bandra Kurla Complex (BKC), MMRDA is quickly developing the Oshiwara District Center (ODC). ODC aims to offer high quality residential, commercial and retail spaces, situated strategically between Goregaon and Andheri-Lokhandwala, with the new technological facilities, spread over 160 acres. ODC is intended to develop as […]
Oshiwara District Centre will be the next business hub in the line of BKC.more
By Abhay Shah, Realty Quarter In the residential market, Mumbai has allegedly seen a decrease in capital rates, QoQ. The property market in the maximum city is being pressurized and prices are corrected, owing to multiple factors such as liquidity crunch, a decrease in land acquisition and delays in government policy. Mumbai saw good momentum in real estate activity for the first quarter of 2019. Nevertheless, several factors resulted in a […]
Mumbai experiences change in property price in H1 2019.more