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Mumbai: Century-old seafront 'Seven Bungalows' to be demolished
In a secluded corner of Versova, a private gate opened to reveal a long, narrow dirt track leading to a bungalow situated near the shore. Despite the seemingly dilapidated appearance of the solid Burma teak roof, the interior boasted 20 rooms with high ceilings, a grand hall adorned with stained glass work, and flooring made of Italian Carrara marble. Two wells adorned the exterior, with one bearing an insignia tile engraved with "1900 AD," signifying the year of construction for both the bungalow and the wells.
Formerly known as Talati Bungalow, named after the Parsi family of Sorabji..
John Abraham Acquires Bungalow in Mumbai's Khar for Rs 708.3 million
Renowned actor John Abraham has made a high-profile real estate move, securing a palatial bungalow nestled in the posh neighbourhood of Khar, Mumbai. The transaction, valued at an impressive Rs 708.3 million, highlights the actor's penchant for luxurious living and substantial real estate investments.
The acquisition of this upscale property in one of Mumbai's most sought-after locations reflects John Abraham's discerning taste and strategic approach to real estate. The purchase adds to the actor's portfolio of exclusive properties and underlines the allure of Khar as a preferred addr..
Malabar Hill bungalow to be demolished for luxury apartments
The legislative body plans to demolish Ajantha bungalow in the upscale Malabar Hill area to make way for the construction of 12 luxurious sea-view apartments. Six of these apartments will serve as residences for prominent figures, including the speaker and deputy speaker of the assembly, the chairperson and deputy chairperson of the council, and the leaders of the opposition from both Houses. The remaining six apartments may be used as guest houses for visiting dignitaries from other states.
The new building will feature additional amenities such as an auditorium and a state-of-th..
Q4 profit: Keystone Realtors' profit falls 60%
A 60 % fall was seen in realty firm Keystone Realtors Ltd net profit to Rs 0.3 billion for the March quarter. Last year in the same period. The company?s net profit stood at Rs 0.76 billion.
In addition, total spending increased to Rs 7.81 billion from January to March of the previous fiscal year from Rs 2.71 billion the previous year. In the fourth quarter of the most recent fiscal year, total income increased to Rs 8.26 billion from Rs 3.57 billion during the same period the previous year.
The company's net profit increased to Rs 1.12 billion in the 2023?24 fiscal year from Rs..
Brookfield India Real Estate Trust will acquire a 50% stake
50% of the four Grade A assets from Bharti Enterprises (Bharti) will be acquired by Brookfield India Real Estate Trust (BIRET) as per an agreement between the two. The 3.3 million square feet of commercial real estate included in the deal have an enterprise value of about Rs 60,000 million. The whole equity payment for the 50% interest would be satisfied by giving Bharti first dibs on BIRET units, which are valued at Rs 300 each. After that, Bharti will retain an 8.53% ownership position in BIRET, making it the second-largest unitholder.
The portfolio of properties consists of the op..
