" The report further stated that the South Mumbai real estate market has been very premium, both in the residential and commercial segments. According to another MMRDA official, the quotation for selling both the plots measuring 34,000 square metres will be around 4-5 lakh per square metre.A senior MMRDA official said, "The land with an area of 12,5000 for commercial purpose and land with an area of 21,807 square metres will be used for residential purposes. The comparatively low-priced areas include Dadar, Worli, Mahalaxmi and Prabhadevi. A report by CRISIL, a global analytical company that provides real estate ratings, stated, "In terms of the commercial real estate sector, with the growth of BKC as the recent commercial hub, South Mumbai has lost some of its shine.

However, these areas continue to be expensive compared to the rest of the Mumbai region." Both the plots are located in G block and G (north) at BKC and the consultants will be expected to decide on the valuation and come out hand blender Factory with a report on it. However, the prime districts such as Nariman Point continue to charge premium rates from Rs 30,000 per square foot and above while Lower Parel is relatively moderate from Rs 14,000 to Rs 22,000 square metre. It has floated tenders for the same and in return, the MMRDA has plans to utilise the funds for major infrastructure projects in the city of Mumbai and Mumbai Metropolitan Region (MMR). We usually give advertisements in newspapers for announcements, but we are appointing consultants now because we are targeting multinational companies located in Doha, Kuwait and the USA.The Metropolitan Region Development Authority (MMRDA) has decided to appoint consultants to sell off two of its plots, approximately 34,000 square metres in area, for residential and commercial purposes in Bandra-Kurla Complex (BKC). Recently, new projects have started emerging in areas like Parel, Wadala, Matunga, Curry Road and Lalbaug.. With that proposed Andheri east-Dahisar east Metro that will غير مجاز مي باشدt Rs 4,737 crore and likewise the DN Nagar Dahisar Metro that will غير مجاز مي باشدt us Rs 5,566 and we require huge of funds for it.

The residential area that has up market residential neighbourhoods, which includes Pedder Road, Napean Sea Road, Altamount Road, Breach Candy, Walkeshwar, Cuffe Parade and Malabar Hills which are among the most expensive real estate areas in the world. The rates are quoted higher because there major infrastructure projects planned by MMRDA, which includes Metro-3 between Colaba-Bandra-Seepz, which will غير مجاز مي باشدt us around Rs 23,136 crore." The official further added, "We are hoping to crack deals with MNCs keeping in mind that BKC is a commercial hub and also MNCs have more purchasing power when compared to others.

"The department faced resistance from the commercial units."It may be recalled that the Defence Colony area was earlier known as shopping-cum-residential complex wherein ground floor was meant for commercial activities and first floor for residential purposes. The members of the (monitoring) committee today visited the Defence Colony market and called the Deputy Commissioner (Central Zone).New Delhi: As many as 51 commercial units in the posh Defence Colony Market in south Delhi were sealed on Saturday for "not depositing" conversion charges as per provisions in the citys Master commercial blender Company Plan 2021, the South Delhi Municipal Corporation or SDMC said on Saturday.. 89,000 per sqm.In a statement, the South Delhi Municipal Corporation said, members of a Supreme Court-appointed Monitoring Committee, Bhure Lal and K J Rao, were present during the sealing action.

The action was taken pertaining to all floors except the ground-storey."After coming into force of the Master Plan 2021, the market was termed as local shopping centre; (owners) of the first and second floors were allowed to open commercial units on one-time payment of conversion charges at the rate of Rs.Most of the commercial units at first and second floor had not deposited conversion charges though the civic body was pressing hard to do so, it alleged."A few units deposited just token conversion charges. The Committee instructed the Deputy Commissioner to immediately get the 51 units sealed," it added. The Committee requisitioned the police force and the action which was held up for two hours was completed with sealing of the 51 units," it added."It is understood that commercial units are being run in the South Extension, Green Park, Hauz Khas and Greater Kailash Markets," the civic body said."Both the members today reached the Defence Colony at 11 AM and instructed for sealing the first floor and above situated commercial units in buildings, from 1 to 51, as none of them had deposited conversion charges," the SDMC said in the statement.