The Guardians Real Estate Advisory locks sales worth Rs.318 crores in 1 day!!
NEW DELHI: The auspicious day of Akshaya Tritiya helped to generate sales worth Rs. 318 crores at 3 real estate projects for non-broking, home grown property consulting firm The Guardians Real Estate Advisory. A residential project in Thane, a commercial property called ‘The Gateway’ by The Wadhwa Group at Mulund and a high street retail […]
‘Rice plate as important as a peg’: Shiv Sena takes a dig at Raj Thackeray
NEW DELHI: The Shiv Sena on Saturday took a dig at MNS president Raj Thackeray over his demand to restart wine shops in Maharashtra to boost revenues, and sought to know whether he was really concerned about the state’s treasury. It said that Raj Thackeray should know that due to the lockdown not just the […]
To reach ancestral village, Mumbai man spent over Rs 3 lakh for onions amid lockdown
NEW DELHI: How do you travel from Mumbai to Allahabad when there is a lockdown? Buy 25 tonnes of onions, load them onto a truck and hit the road. Desperate to reach his ancestral village on the outskirts of Allahabad, Prem Murti Pandey, who works at Mumbai airport, says he did just that. He spent […]
Covid-19 crisis: SBI to disburse Rs 700 crore to MSMEs in Mumbai by June
NEW DELHI: State Bank of India (SBI), the country’s largest lender, has set a target of disbursing Rs 700 crore to MSMEs in the Mumbai circle by the end of June, to help them tide over liquidity crisis due to the Covid-19 lockdown. Among all banks, SBI controls a market share of 22 per cent […]
First time in 250 years, Mumbai’s iconic Ramzan food market to be off menu
MUMBAI: What blood-thirsty terrorists couldn”t succeed in doing, the invisible coronavirus pandemic has achieved. For the first time in its nearly 250 years history, Mumbai”s world-renowned and iconic ”Mohammed Ali Road street food bazaar” is poised to wear a deserted look this Ramzan month, starting April 23. Incidentally, it was working normally even after the […]
Realtors extends support to fight COVID – 19; express gratitude to Corona Warriors
NEW DELHI: As the country is braced up to beat the outbreak of COVID – 19, they have actually created a history by becoming a part of India’s first – ever social mission of self- governance to save fellow beings. Many of Mumbai’s top realtors equally stood up with it’s people in this hour of […]
Banks to sell Manohar Joshi’s trust land in Mumbai over loan default
NEW DELHI: State-run Bank of Maharashtra has put on sale a plot owned by Kohinoor Education Trust promoted by Shiv Sena leader and former state chief minister Manohar Joshi in the city after the institute defaulted on around Rs 68 crore of loans. The plot, which was mortgaged to Bank of Maharashtra, State Bank of […]
Air India starts Mumbai-Amritsar-Stansted flight
AMRITSAR:National carrier Air India on Thursday launched a thrice-weekly flight between Mumbai and Stansted in UK via Amritsar, officials said. Starting in Mumbai, the flight will connect Amritsar to Stansted to facilitate Sikh pilgrims to visit the holy city on the occasion of the 550th birth anniversary of Sikhism founder Guru Nanak. It will operate […]
Rising sea level puts Mumbai at risk of being submerged by 2050: Study
NEW DELHI: India’s financial capital Mumbai, one of the largest and most densely populated cities in the world, is at risk of being submerged by 2050, according to a study that gives new estimates on the impact of rising sea levels. India and other Asian countries, including Bangladesh and Indonesia, may see a five to […]
NCDRC imposes fine on Mumbai’s Anamika Real Estate for delay in possession
NEW DELHI: Apex consumer commission NCDRC has come down heavily on a Mumbai-based real estate company and its director for unfair trade practices, and imposed a fine of Rs 25 lakh on both for not handing over possession to two home buyers. A National Consumer Disputes Redressal Commission (NCDRC) bench, headed by presiding member S […]
PMC bank case: ED seizes bungalow near Mumbai
NEW DELHI: The Enforcement Directorate (ED) on Thursday sealed an about 5-acre bungalow of a HDIL promoter near Mumbai in connection with its money laundering probe in the Punjab and Maharashtra Co-operative (PMC) bank case, officials said. They said the property is in Vasai suburb under Palghar district of Maharashtra. It belongs to a promoter […]
Income-Tax department detects tax evasion of Rs 700 crore by Mumbai’s Hubtown Group
NEW DELHI: The Income-Tax department on Friday said it has conducted raids at 40 premises of a Mumbai-based real estate firm and claimed to have detected tax evasion worth Rs 700 crore. The CBDT, that frames policy for the tax department, issued a statement saying the operation was conducted on July 29 on a “prominent […]
Japan’s Sumitomo pays Rs 2,238 crore for three-acre plot in BKC, Mumbai
MUMBAI: In one of the biggest investments by a foreign firm in the Maharashtra realty sector, Japanese major Sumitomo Corporation has bought a three-acre plot in the prime Bandra-Kurla Complex for Rs 2,238 crore, an official said here on Wednesday. The plot, ‘C-65’, belongs to the Mumbai Metropolitan Region Development Authority and an offer letter […]
Reliance Infrastructure bags Rs 7,000 crore Versova-Bandra Sea Link project in Mumbai
NEW DELHI: Reliance Infrastructure on Wednesday said it has bagged Rs 7,000 crore Versova-Bandra Sea Link project contract from Maharashtra State Road Development Corporation (MSRDC) in Mumbai. Versova-Bandra Sea Link is a marquee project with a length of 17.17 km, which is three times the length of the Bandra-Worli Sea Link of 5.6 km. Reliance […]
Ural Airlines aims to start daily flight between Mumbai and Moscow
NEW DELHI: Ural Airlines, the fourth largest airline of Russia, aims to start a daily flight between Mumbai and Moscow. The Yekaterinburg-based airline recently conducted its inaugural Mumbai-Moscow flight. “India being the most (fastest) developing country in the world, we are trying to open up the route with an aim of having four weekly flights […]
ILFS crisis:Enforcement Directorate conducts fresh raids in Mumbai
NEW DELHI: The Enforcement Directorate on Wednesday carried out fresh searches in Mumbai in connection with its money laundering probe in the multi-crore IL&FS payment default crisis, officials said. They said the residences and offices of at least four directors of the firm are being raided. The central agency had first carried out searches in […]