NBR Developers
Citiescities-arrow
  • more-arrow-down
    • Please wait while loading other cities loading...

Hafeez contractor house purchased by Kotak Realty for Rs 600 Crore

  • No. 1 Property Portal in India
  • Over 25 Lakhs Apartments and More
  • Post Free Residential Properties in India
  • Find Property in Bangalore
  • Buy/Sell/Rent Apartments in India
  • Search Latest Residential Property in India
  • Get Free Alerts on Property Requirements
  • Find Agents/Buyers for your Property
mobile-ad
Kotak Mahindra group is in discussion with Orbit Corporation to purchase the Hafeez Contractor House which is a main commercial land of Orbit for about Rs. 600 Crores. Kotak might utilize its land fund Kotak Realty Fund for the planned dealings.
Orbit CFO, Ramashrya Yadav said to www.propertykhazana.com that, “We are in discussions with different interested developers and denied to name. Once the contract is signed we will inform the stock exchange.”
As per the source available with the www.propertykhazana.com Hafeez Contractor House is situated at Lower Parel in Mumbai, measuring about 2.05 Lakhs Sq.ft and 35 storey commercial building likely to accommodate 500 companies. Lower Parel is a rising commercial destination with giants like DLF, Indiabulls, Bombay Dyeing, and Peninsula Land which are in commercial localities in the Parel –Worli belt. Before, Orbit Corporation had proposed to sell Hafeez Contractor House to the Sajjan Jindal Group.
Later on, Jindal Group did not show interest and purchased Orbit Corporations’ Kalina Land-cum-Commercial property for Rs. 807 Crores. Both players is discussing on the evaluation of Rs. 25,000 per Sq.ft, reasonably lesser rate than the current commercial land prices in Parel-Worli belt.
At present, developers are selling commercial space for Rs. 28,000-30,000 in Worli. Now, nearly 7-8 Sq.ft Grade ‘A’ commercial land is accessible in Mumbai with a bit extra in previous three years. One of the forecaster said to www.propertykhazana.com that, “The ongoing construction ventures have the potential to hike the commercial stock to many fold and this can make the rates softer.” New cater of about 18 Million Sq.ft in CBD & SBD localities of Mumbai will be accessible in 30 months and most cater is through mill development and slum rehabilitation.
Source: NBTVLIVE

Property Listings

Apartments, Flats and Property for Sale in Mumbai

Sep 21, 2016
2 BHK APARTMENT FOR SALE AT KHARGHAR – Navi Mumbai. # Location : Kharghar , Navi Mumbai. # Sector : 20 # Area : 1055 sq ft # Cost :..
Sep 14, 2016
For Sale – Spacious 1 BHK Flats in Prime Location of Borivali East Project : Triveni, a project by Atul Corporates. Structure comprises of..
Sep 08, 2016
3 BHK FLAT FOR SALE AT KHARGHAR – Navi Mumbai. # Location : Kharghar, Navi Mumbai. # Area : 1375 sq ft # Cost : 1,25,00,000 # Parking..
Aug 28, 2016
3 BHK FLAT FOR SALE AT KHARGHAR – Navi Mumbai. # Location : Kharghar, Navi Mumbai. # Area : 1375 sq ft # Cost : 1,25,00,000 #..
Aug 27, 2016
For Sale – Luxurious 3 & 4 BHK Flats in Prominent Location of Matunga East Mody Kunj in Matunga East, near Kings Circle is a..
Aug 17, 2016
# Location : Kharghar , Navi Mumbai. # Area : 1000 sq ft # Cost : 8500000 # Parking : 1 Covered # Bed : 2 Bedroom # Balcony : 2 balcony #..
Jul 25, 2016
Primo is one of the residential developments of Ceear Realty, located in Mumbai. The project is designed by Architect Hafeez Contractor. It offers..
Apr 06, 2016
This 1 bhk flat is a specious flat with all modern amenities like gym, Swimming pool, Children play area etc.This flat has a west facing and a..
spacer

Apartments, Flats and Property for Rent in Mumbai

Sep 02, 2016
2 BHK SPACIOUS FLAT FOR RENT AT KHARGHAR – NAVI MUMBAI. # Location : Kharghar. # Sector : 18, (near to central park, golf course and ..
Aug 12, 2016
# Location : Kharghar , sector - 3 # Sector : 3 # Area : 635 sq ft # Rent : 10000 # Deposit : 40,000 # Parking : open # Balcony : balcony #..
Aug 11, 2016
# Location : Kharghar , sector - 3 # Sector : 3 # Area : 835 sq ft # Rent : 13000 # Deposit : 50,000 # Parking : open # Balcony : balcony #..
Jun 23, 2016
1 BHK flat for rent at kharghar Location : sector - 12 Area - 559.00 Rent - 15000 Station, mall, colleges at reachable..
Jun 21, 2016
Amazing flat at kharghar for sale..
Jun 04, 2016
A spacious and unfurnished 1 bhk apartment for rental in mayuresh residency situated opp. Asian paints, Lbs marg, Bhandup west. This flat is..
Dec 09, 2015
Fully Furnished Condo in Royal Palms, Goregaon East. Area : 344 sq.ft., Rent : Rs.11000/-, Deposit : Rs.30000/-, Flat is on 3rd floor out of 7..
Oct 15, 2015
Unfurnished Property Description Elegantly unfurnished 1 bhk apartment in luxurious and excellent apartment makes a definitive statement in..
spacer
spacer
spacer
spacer
spacer