The Brihanmumbai Municipal Corporation plans to carry out roadwork worth a whopping Rs 529 crore in south Mumbai - more than half the amount the civic body spent on relaying roads across the entire city last year.
The Brihamumbai Municipal Corporation (BMC) is a dilemma whether it should award major road repair works in the city to a blacklisted contractor. As a result, major road repairs in south Mumbai have been put on hold. RPS Infraprojects (formerly RP Shah), a company blacklisted by the building proposal department in 2010, has submitted the lowest bid for a basket of projects estimated to cost Rs 275 crore.
By the end of this month, commuter will be able to zip to Chembur from south Mumbai in about 15 minutes. The Mumbai Metropolitan Region Development Authority (MMRDA) will open a portion of the Eastern Freeway from Orange Gate to Panjarpol. The remaining part up to Ghatkopar-Mankhurd Link Road (GMLR) will be opened early next year.
American billionaire and real estate developer Donald Trump will soon give Mumbai a taste of his luxury brand. Trump has already entered India’s luxury home market through the Pune-based Panchshil Realty more than a year ago. The New York-based real estate moghul and the man behind the global luxury real estate company, Trump Organisation, will enter into a second brand licensing agreement in India with Mumbai-based Lodha Group, for a luxury housing project in South Mumbai.
Lodha Group, which has bought two landmark properties in central London in the past seven months, plans to derive about 30 per cent of its annual profit mainly from Britain´s capital in the next 10 years.