Sunteck Realty & residents at war over Signia Pearl society formation, Real Estate News, ET RealEstate

MUMBAI: Residents of a plush new Bandra-Kurla Complex (BKC) tower, Signia Pearl, and the builder, Sunteck Realty, are at daggers drawn over the formation of a housing society. The dispute escalated earlier last week with bouncers stationed outside the 18-storey tower with the two sides accusing each other of arm-twisting. Residents said they had to […]

Reliance Nippon Life Insurance leases 40,000 sq ft at Adani Inspire in BKC, Real Estate News, ET RealEstate

MUMBAI: Reliance Nippon Life Insurance (RNLI) has taken a 40,000 sq ft space on a five-year lease at an Adani Realty project in the BKC business district to house its corporate headquarters, officials said on Wednesday. Rental details of the transaction, one of the largest in recent times, were not immediately available. “RNLI has signed […]

IL&FS eyes Rs 1,500 crore from sale of headquarters in Mumbai, Real Estate News, ET RealEstate

Crisis-hit IL&FS will invite initial bids for selling its corporate headquarters in Mumbai’s Bandra-Kurla Complex (BKC) later this month, about two years after the debt-laden infrastructure lender went bust, two people with direct knowledge of the development told ET. The company is looking to monetise the high-end office property by the end of this financial […]

Lenders approve Rs 490 crore bid for Jet Airways’ BKC office, Real Estate News, ET RealEstate

MUMBAI: Lenders have approved a Rs 490-crore bid by Vrihis Properties—a Brookfield company—for two floors of office space owned by the now bankrupt Jet Airways in Bandra-Kurla Complex. As the sole bidder, the Canada-based private equity fund had bid at the reserve price and did not face competition, banking sources said. At that price, the […]

Mumbai-based Vrihis Properties to take over Jet Airways’ BKC office, Real Estate News, ET RealEstate

MUMBAI: City-based Vrihis Properties has emerged as a successful bidder for the Jet Airways‘ Bandra Kurla Complex-situated premises and the company has “decided” to accept its offer at Rs 490 crore, now-defunct Jet Airways said in a regulatory filing on Saturday. The Jet Airways RP had issued a public notice on June 13 for the […]

Lenders put Jet Airways’ BKC office on the block at reserved price of Rs 490 crore, Real Estate News, ET RealEstate

MUMBAI: The dedicated bankruptcy court has allowed lenders of defunct carrier Jet Airways to sell its office assets located in BKC, a prime commercial suburb of Mumbai. On June 11, the Principal Bench of the National Company Law Tribunal (NCLT) allowed the lenders to go ahead with the monetization plan for about 1.70 lakh square […]

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