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Mumbai climbs up the realty later with few blocks on current calendar

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With few blocks coming up in the recent calendar makes a hint for the better realty period for the economic capital – Mumbai. Source reported at www.propertykhazan.com reveals that the first sign of realty bloom comes in the form of 10.3 acres Finlay Mill property block which was in the process of bidding from Indiabulls Realty and Lodha group. Currently another block was observed with NTC for Kohinoor Mill - 1 property covering a area of nearly 16 acres at the price of Rs 1200 crore. Both this two properties are at the prime location of Central Mumbai.
As last Thursday being the last day for bidding both Lodha and Indiabulls have placed their bidding for the area costing around Rs 4.29 lakhs per square feet is suppose to get rise up to Rs 708 where Lodha unit has made the bidding with Rs 657.9 crore and on the other hand Indiabulls has made their bidding with Rs 520 crore. Source of www.propertykhazana.com also reveals that this property was put on blocks twice but sale was some how got delayed and hoping for a better deal this time.
On a short with www.propertykhazana.com CMD of NTC Mill states that “first of all the asset sell committee will review the biddings and then the assessment will be taken on the last week of next month”. Now coming to the property of Kohinoor Mill 1, the global consultant JLLM involvement is made mandatory and with in a very short while there will be bidding for this land which is been blocked for first time in the realty market. This is partly diverse from that of Kohinoor 3 which was the joint assets of Raj Thackeray and Manohar Joshi. For more and latest realty updates follow www.propertykhazana.com.
Source: NBTVLIVE

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