DB Realty looks to sell Mumbai land

23 Sep 2022 CW Team

Esteem Properties, a wholly owned subsidiary of DB Realty, has entered into a non-binding term sheet with a large fund for the sale of its land adjacent to the ITC Grand Maratha Hotel in Andheri East, Mumbai, for Rs 480 crore, according to a BSE filing. A purchase agreement has not been signed. The proposed transaction is subject to customary diligence and required approvals, and it is expected to close within 60 to 90 days, according to the company. However, due to the buyer's confidentiality, the company did not reveal the buyer's name.

Also read:
India considers laying more petro pipelines for Nepal
PM launches projects worth Rs 31 billion in Surat

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Infrastructure Transport

07 Jul 2026

Maersk Unveils First India-Made Shipping Container

A.P. Moller – Maersk has unveiled its first export-import shipping container manufactured in India, marking a major milestone for the country’s maritime manufacturing sector. The container was launched at the Maersk and Container Corporation of India joint-venture Inland Container Depot at Dadri, Uttar Pradesh, in the presence of Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal.The development makes Maersk the first international shipping line to procure an EXIM container manufactured in India. Following the unveiling, Maersk placed an order with DCM Shriram Group for 1,..

Products

07 Jul 2026

EUROBOND Expands NABL Accreditation to 51 Testing Parameters

EUROBOND, the flagship brand of Euro Panel Products, has expanded the National Accreditation Board for Testing and Calibration Laboratories (NABL) accreditation of its in-house laboratory from 16 to 51 mechanical and chemical testing parameters, making it the only Indian aluminium composite panel (ACP) manufacturer with accreditation covering such an extensive testing scope.The expanded accreditation enables the company to independently test coils, coatings, cores, aluminium composite panels (ACP) and metal composite panels (MCP) in accordance with international standards, including IS, ASTM, ..

Real Estate

07 Jul 2026

Dubai Property Sales Rise as Rental Activity Hits Record High

Dubai's real estate market recorded its highest-ever monthly rental activity in June, while property sales rose sharply in both value and volume, reflecting sustained demand across the emirate's residential and commercial sectors.According to a market analysis by fäm Properties based on DXBinteract data, 40,022 rental contracts were registered during the month, the highest monthly total on record. New rental contracts increased 48.6 per cent year on year to 19,245, while renewals rose 28.5 per cent to 20,777.Property sales reached 13,933 transactions worth AED33.2 billion in June, representin..