Gold
Road to Redevelopment
Nayan Dedhia, Director, Toughcons Nirman, in conversation with R Srinivasan, says redevelopment is the way forward for land-starved Mumbai.
Dharavi redevelopment project starts housing eligibility from April 1
The second phase of a door-to-door survey of Dharavi residents to determine eligibility for free housing would commence on April 1, starting from the Kamla Raman Nagar area. It was stated that on March 18, a survey had initiated in Dharavi wherein the residents received unique identification numbers for their homes. Following this, laser mapping of the respective lanes had been conducted. In the ongoing phase of the survey, surveyors from Dharavi Redevelopment Project (DRPPL) were said to be visiting all structures with the unique identification numbers. They were tasked with collecting docume..
Makeover for Maximum City
Much of Maximum City needs a facelift. The massive stock of old, dilapidated buildings on prime property across land-starved Mumbai is crumbling and on the verge of collapse. The only way forward appears to be redevelopment.
The elevation of ageing housing societies into a contemporary residential asset class, offering customers a premium lifestyle, is gaining momentum and the city has been witnessing a surge in redevelopment projects. In fact, redevelopment is estimated to be a Rs.1 trillion investment opportunity in Mumbai and redevelopment space contributes to over 30 per cent of t..
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..
