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Orbit Corp's Mumbai project stake sale yet to be finalised
ECONOMY & POLICY

Orbit Corp's Mumbai project stake sale yet to be finalised

Mumbai-based realty developer Orbit Corporation recently said it is in the process of selling its acquired share in the development of a land parcel at Santacruz suburb of Mumbai. However, the deal has not been finalised yet.

The developer also added in its filing on Bombay Stock Exchange that it is in the process of selling few of its properties in the normal course of business. Orbit Corporation is in talks with local developers to sell stakes in four projects - three redevelopment projects in central and south Mumbai, and a 17-acre slum rehabilitation project in Santacruz suburb.

Orbit's project in Santacruz involves rehabilitation of 2,200 slums spread over 17 acres near Khira Nagar on SV Road.

Mumbai-based realty developer Orbit Corporation recently said it is in the process of selling its acquired share in the development of a land parcel at Santacruz suburb of Mumbai. However, the deal has not been finalised yet. The developer also added in its filing on Bombay Stock Exchange that it is in the process of selling few of its properties in the normal course of business. Orbit Corporation is in talks with local developers to sell stakes in four projects - three redevelopment projects in central and south Mumbai, and a 17-acre slum rehabilitation project in Santacruz suburb. Orbit's project in Santacruz involves rehabilitation of 2,200 slums spread over 17 acres near Khira Nagar on SV Road.

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