Page 21 - Mumbai

BNP Paribas leases office in Mumbai's BKC for Rs 811 per square feet

The French financial services firm will pay a total rent of Rs 28.36 lakh per month

CorporatEdge raises Rs 100 cr equity fund from Carpedium Capital for growth

CorporatEdge, which provides flexible workspaces to companies, has raised Rs 100 crore from private equity firm Carpediem Capital for expansion of its business. In a statement on Thursday, CorporatEdge said the company plans to deploy Rs 350 crore, which includes Rs 100 crore equity infusion. The company will use the funds along with internal accruals to drive expansion across the key markets in India and the Middle East. In India, the company plans to strengthen its presence in Delhi-NCR and Bengaluru while strategically expanding into new markets such as Mumbai, Pune, Hyderabad, Chennai, and Ahmedabad. During the second phase of growth, CorporatEdge will extend its presence into tier 2 cities such as Lucknow, Chandigarh, and Kolkata. "By FY30, the company targets operating 50 centres across 10 cities, with a total footprint of over 1.5 million sq ft," it said. In the immediate term, the company will soon start two centres, spanning 50,000 square feet each, in the next quarter a

Mumbai sizzles: Mercury set to touch 39 degrees Celsius this week

The most affected regions include Kalyan, Dombivli, Bhiwandi, and Badlapur, where the mercury is expected to touch 43 degrees Celsius, marking a 5 degrees Celsius increase from the previous week

Mumbai civic body bans new road digging, asks citizens to report violations

BMC bans new road excavations before monsoon, urging citizens to report violations as it pushes to complete ongoing concretisation work by May 31 for smoother roads

Bombay HC permits Adani Group firm to cut mangroves for jetty project

The Bombay High Court on Wednesday permitted Adani Cementation Limited to cut 158 mangrove trees for its proposed jetty project along the Amba river in Maharashtra's Raigad district. A division bench of Chief Justice Alok Aradhe and Justice Bharati Dangre, however, emphasised the importance of balancing development with environmental conservation and directed the company to strictly adhere to the conditions imposed by regulatory authorities. While the project serves commercial interests, it must not lead to excessive depletion of natural resources, the HC said. The court said a balance needs to be struck between the necessity of the project, which aims at meeting the ever-increasing need for cement, and, at the same time, not compromising the ability of future generations to meet their own needs. It is necessary to ensure that the project results in minimum damage to the environment and natural resources, particularly when the entire planet is coping with the crisis of climate ...

Tesla signs 5-yr lease for Mumbai showroom, to start EV sales in 2025

The rent will increase by 5 per cent every year reaching about $542,000 for the fifth year, according to the registered lease document

Tiger count in Maharashtra up at 444 from 101 in 2000, says forest minister

Maharashtra Forest Minister Ganesh Naik on Wednesday said the state's tiger count has gone up to 444 this year from 101 in 2000, and the government has approved funds of Rs 200 crore for solar fencing of villages near tiger habitats. Naik was replying to a debate in the state assembly on the issue of man-animal conflicts in a wildlife sanctuary near Bhandara. The minister said two persons were killed in the area in tiger attacks this year. Naik assured the House that he would pursue the demand for fencing of villages which are close to forests and fall on the route of tiger movement. "The number of tigers in the state has gone up to 444 now compared to 101 in 2000," he told the House. Congress Legislature Party leader Vijay Wadettiwar said there was anger among locals over tiger attacks. Farmers were living in fear as tigers and leopards destroy crops as well, he said. Members cutting across party lines expressed concern over the increasing incidents of human-wildlife ...

Accused shot videos, clicked pics while torturing Beed sarpanch: Police

As sarpanch Santosh Deshmukh was tortured and killed in December 2024, the assailants recorded 15 videos, clicked eight photos and even made two video calls, police have said in a chargesheet, documenting the brutality endured by the victim. The videos and the photos are part of the chargesheet submitted by the Crime Investigation Department (CID) before a court in central Maharashtra's Beed district last week. Deshmukh, sarpanch of Massajog village in Beed district, was abducted and killed in December for attempting to foil an extortion bid on an energy company. His body, riddled with injuries and bearing signs of extreme brutality, was found dumped on the roadside. Seven men, including Walmik Karad, who is a close aide of state minister Dhananjay Munde, have been arrested so far, while one person has been declared wanted accused. The videos were shot on a smartphone of one of the accused, Mahesh Kedar, and their duration ranges between 2 seconds and 2.04 minutes, an official said

Cluster redevelopment in Mumbai races against time amid red tape

While the Maharashtra government has been promoting the scheme since 2018, it recently called for an audit of 13,000 cessed buildings in the Mumbai Metropolitan Region to ensure timely redevelopment

Compare sale prices across payment plans to evaluate cost-effectiveness

If a developer offers a deferred payment plan but hikes the sale price, that would make the plan less advantageous

Mumbai gets ₹896 cr as stamp duty from 11,500 property registrations in Feb

STRAP City property registrations have consistently remained above 10,000, significantly higher than pre-pandemic levels

Mumbai property registrations fall 4% in February: Knight Frank India

11,541 property sale registrations second highest till date, contributing Rs 896 crore revenue

Railway's 2-day block for CSMT platform extension to affect several trains

Central Railway on Thursday announced a two-day special mega block from Friday night to carry out extension of a platforms at Chhatrapati Shivaji Maharaj Terminus (CSMT) to accommodate 24-coach trains. Many suburban and long distance will be affected by this work, an official said. "The special block is planned for pre and post non-interlocking works and will be carried out in two phases of 5 hours and 10 hours from Friday night onwards. The first phase will start from Friday night at 11.30 pm and end on Saturday at 4.30 am. The 10-hour phase will be from 11:15pm on Saturday to 9:15am on Sunday," said CR chief public relations officer Swapnil Nila. The special block is necessary to extend platforms 12 and 13 to accommodate 24-coach trains, enhancing capacity and improving passenger convenience, he added. The work involves extending island platform 12 and 13 to 690 metres from 510 metres and will see the shifting of 31 overhead cables, connecting of 34 signal systems, and laying 500

Two Iranian warships on goodwill and training visit to Mumbai: Indian Navy

Two Iranian warships are currently on a goodwill and training visit to Mumbai, in a step towards enhanced cooperation in the maritime domain and strengthening mutual friendship, the Indian Navy said on Wednesday. On Tuesday, the Mission Commander and the Commanding Officers of the two ships, IRIS Boushehr and IRIS Lavan, called on Rear Admiral Vidyadhar Harke, Chief Staff Officer (Operations) at Headquarters Western Naval Command. Their discussions focused on mutual interests and the training curricula of both navies. The flotilla, carrying nearly 220 officer cadets, is on a training mission in the Indian Ocean. The ships were accorded a warm welcome by the Indian Navy with band in attendance. The deployment is led by Captain Mohammad Saberi as Mission Commander, with Senior Captain Seyed Ali Madani commanding the Lavan and Commander Hamed Bahramian commanding the Boushehr, the Indian Navy said. "The Iranian Navy's training flotilla, comprising IRIS Boushehr and IRIS Lavan, is on

Mumbai's hottest February? IMD sounds alarm over scorching heatwave

The Met Department sounds alarm as Mumbai faces an unseasonal heatwave, with temperatures rising 5 degree Celsius above normal and water levels dipping faster than expected

Spanish fashion brand Zara shuts flagship Mumbai store at Hutatma Chowk

Zara, which is part of the Inditex Group, entered the country in 2010 through a joint venture with the Tata Group

Hit-and-run cases made up 38% of Mumbai's road crashes in 2023: Report

Hit-and-run incidents accounted for 38 per cent of all the fatal crashes on Mumbai roads in 2023, and majority of the victims, at 54 per cent, were pedestrians, as per a report published by the city traffic police. Occupants of the two and three-wheeler vehicles and pedestrians were majority of the victims in the road crash deaths here in 2023, an official on Sunday said quoting the data. Mumbai reported 374 deaths in 351 road crashes in 2023, marking a 39 per cent decrease since 2015, as per the report which comprised an in-depth analysis of the accidents data of that year. Among those deaths, two and three-wheeler occupants comprised 48 per cent and pedestrians 40 per cent, said the report published recently by the Mumbai Traffic Police in association of the Bloomberg Philanthropies Initiative for Global Road Safety. Males continued to account for most of the deaths at 82 per cent, with those in the 20-39 years age group making up the largest number of fatalities among the males

Realtors upbeat as 13,000 Mumbai buildings are audited for redevelopment

Old, dilapidated structures could be turned into new residential units but work to turn them around is challenging

'I like you' text at midnight? Court says its 'obscene', upholds jail term

A Mumbai sessions court ruled that sending unsolicited late-night messages like 'I like you' to an unknown woman amounts to obscenity, upholding the accused's conviction

Mumbai Eye: Will the city's iconic ferris wheel plan ever become reality?

The Mumbai Eye project, inspired by London's Ferris wheel, has faced delays since 2008. Its future remains uncertain despite BMC's recent budget push amid location disputes