More than a decade ago, this prime sea-side plot of the Charni Road in southern Mumbai was to build the country’s tallest 125 storey luxury hotel. Some years later, a plan was revised and two 60-story residential towers were built on the 2.2-acre land. However, all of the plans have been void. The land would […]
Edelweiss ARC plans to auction DB Realty plot as it defaulted Rs 439 crore.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
The real estate development arm Larson & Toubro’s (L&T Realty) is in planning to do a partnership with DB Realty for developing a residential project in the Malad area of Mumbai’s Western suburb. The said project is estimated to be over 1.4 million sq ft, said three persons with direct knowledge of the development. The […]
L&T Realty is going to develop a residential project together with DB Realty in Malad, Mumbai.more
As the real estate market is still in a major slump, some of the biggest developers have found a new way of drawing customers to their high-end projects. They also addressed Mumbai Metro Rail Corporation (MMRC) to provide them with direct access to the underground stations of the 33.5 km Colaba-Bandra-Seepz Metro-3 from their current […]
Mumbai developers approached MMRC to get direct access to Metro stations through their projects.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