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

Reliance and its partner Maker Group sold 20 Percentage in Bandra-Kurla Complex

  • 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
As per the sources available to www.propertykhazana.com, Reliance Group chairman Mukesh Ambani and his partner Maker Group had sold their 20% of shares of a Prime Realty Development at Bandra-Kurla Complex for private fund Xander Realty Partners. Insiders of the groups told that Xander was found and managed by Siddharth Yog and he might have paid around Rs. 600 Crores to rise up 10% from each groups. Siddharth was not available for the statement but the sources told that contract has been done with the Xander by giving around Rs. 20,000 per Sq.ft and contract value of the project is at Rs. 3,000 Crores. Specialists said that the cost is lesser than that of existing in the locality. Realty fund director told that, “Recent value in BKC of an A Grade commercial tower was up with Rs. 25,000 per Sq.ft and for the retail mall it will be higher. Site of the venture also commands a top owing to easy convenience.”
Source also revealed that, apart from selling the stakes to Xander, it was said that the Maker Group is also selling around 80,000 Sq.ft of space to few of its shareholders who are associated the group in various of its ventures. 20 Acre of land on rim of Bandra-Kurla Business region was set in films when Reliance squad up with Maker Group to contract a complex which comprised a service apartment, shopping mall and others. State Govt. property was rented out for Maker Group which was running the films for about two decades. Location was estimated to rate around Rs. 1,500 Crores and also expected to have the first city retail store and some of the Reliance’s offices. The property which had a total growth possible of more than 15 Lakh Sq.ft was valued at Rs. 7,500 Sq.ft when the contract was signed.
Source: NIMMA BENGALURU

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