Page 50 - Mumbai

Keystone Realtors Q3 results: Net profit jumps 5-fold to Rs 30 crore

Keystone Realtors on Tuesday reported a five-fold jump in consolidated net profit at Rs 29.88 crore for the quarter ended December 2023 on higher income. Its net profit stood at Rs 5.82 crore in the year-ago period. Mumbai-based Keystone Realtors, which markets its properties under 'Rustomjee' brand, posted a significant growth in total income at Rs 533.33 crore during October-December FY24 as against Rs 135.55 crore in the year-ago period, according to a regulatory filing. Commenting on the performance, Boman Irani, Chairman and Managing Director, Keystone Realtors, said, "For Q3 of FY24, the company has demonstrated good progress in terms of pre-sales, new project additions and new launches. "In Q3 FY24, Rustomjee Group delivered a remarkable performance, achieving a substantial increase in pre-sales, which rose to Rs 6.16 billion (Rs 616 crore), showcasing a remarkable 101 per cent quarter-on-quarter (QoQ) increase. Looking ahead, we estimate a sustained growth trajectory in ...

Macrotech Developers to launch 11 projects with Rs 6K cr revenue potential

Looking to tap rising housing demand, realty firm Macrotech Developers will launch 11 projects in Mumbai, Pune and Bengaluru this quarter with an estimated revenue potential of Rs 6,260 crore. Mumbai-based Macrotech Developers is one of the leading real estate developers in the country. It has a major presence in Mumbai Metropolitan Region and Pune. The company markets its properties under the Lodha brand. In an investor presentation, the company said it has a strong launch pipeline in the fourth quarter of 2023-24. "Well placed to meet full-year pre-sales guidance with the launches planned in Q4," it said. Macrotech Developers said the company will launch a 4.4 million square feet area during the January-March quarter, of which 1 million square feet would be in Bengaluru and 0.8 million square feet in Pune. The remaining area will be in Mumbai Metropolitan Region (MMR). During the first nine months of this fiscal, Macrotech has already launched a 6.6 million square feet area with

Adani to start data collection for Mumbai slum redevelopment in February

The survey will be done in two parts with a pilot phase first executed within three to four weeks with a few hundred residents. The full exercise will take nine months

Mumbai's liveliness, energy, pace of development inspiring: UNGA chief

United Nations General Assembly (UNGA) president Dennis Francis on Friday said he was inspired by the liveliness, energy and pace of development in Mumbai and shared that he has watched Hindi movies. The visiting dignitary made the comments during his meeting with Maharashtra Chief Minister Eknath Shinde, a release from the CM Office said. UNGA is the main policy-making organ of the United Nations. Francis lauded the pace of infrastructure and housing development in Mumbai. Mumbai played an important part in India's industrialisation, he said. He recalled his country Trinidad and Tobago's close ties with India. He said the speaker's chair in the Trinidad assembly has been gifted by India, according to the release. The UNGA chief said he was a geography student and India was part of his studies. He said he has watched Hindi movies. Climate change is an important matter in Maharashtra, Shinde told Francis, elaborating that his government has taken steps like plastic ban, bamboo ...

Air India to induct 68 new aircraft in 2024, says CEO Campbell Wilson

The airline started the commercial operations of its first A350 aircraft on January 22, with a flight from Mumbai to Chennai

Scuffle breaks out between 2 communities in Maha ahead of Ram temple event

While chanting slogans, some of the persons allegedly burst firecrackers, following which a group of locals came out with wooden sticks

Mumbai Marathon: 74-year-old participant among two dead; 22 hospitalised

Two participants, including a 74-year-old man, collapsed and died during the annual TATA Mumbai Marathon, which was held here on Sunday, a police official said. According to the police official, 22 persons who took part in the running event were hospitalised for dehydration and other reasons. The deceased participants were identified as Suvradeep Banerjee (40) from Kolkata and Rajendra Bora (74) from Mumbai. Banerjee, a seasoned full marathoner and software engineer, collapsed near the Haji Ali Junction, while Bora slumped to the road near a petrol pump close to a popular pizza joint opposite Marine Drive, the official added.

Fire breaks out at Dr Ambedkar Hospital in Mumbai, patients evacuated

According to the official, a fire call was received at 1.47 am on Sunday. Fire tenders were rushed to the spot and the flames was doused around 2.25 am

Adani Group set to start mapping famous Mumbai slums Dharavi in weeks

The conglomerate owned by tycoon Gautam Adani won a government contract to redevelop Dharavi in late 2022 and will begin surveying the roughly 600 acre densely packed neighborhood in March

Dharavi residents to get 350 sq ft flats after redevelopment: Adani Group

The Adani group on Monday said it will offer eligible residents of the Dharavi slum clusters new flats measuring 350 sq ft. The Adani group, which is redeveloping Dharavi slums in collaboration with the Maharashtra government, claimed the flat size was "17 per cent more" than what is offered as part of slum redevelopment projects. The new flats will have a kitchen and toilet, Adani said in a statement, adding that earlier, the dwellers of informal settlements were given houses measuring 269 sq ft. Since 2018, the state government started giving them homes measuring 315-322 sq ft. The redeveloped area will also have community halls, recreational areas, public gardens, dispensaries and daycare centres for children. January 1, 2000 has been decided as the cut-off date to determine eligible residents. The "ineligible residents" will be provided accommodation under the proposed affordable rental housing policy, as per the state government's norms. The Dharavi Redevelopment Project is

Fire in duct of high rise in Dombivali, doused; no report of injuries

A fire broke out in the duct of a high rise in Dombivali in Thane district on Saturday, though no one was injured in the incident, a civic official said. The blaze in the 18-storey building with 108 flats in Khoni village started at 1:30pm and was doused an hour later after two fire engines were deployed, Thane Municipal Corporation regional disaster management cell chief Yasin Tadvi told PTI. "The fire started in the duct and spread from the ground floor to the top floor. Plastic fitments were gutted. No one was injured in the incident. The cause of the fire is being probed," Tadvi said. Other officials said people staying in the high rise managed to come down safely amid the fire, which was confined to one side of the structure.

LIVE: Retail inflation rises to 4-month high of 5.69% in December

Catch all the latest LIVE updates from across the globe here

Atal Setu highlights: Historic day for Viksit Bharat Sankalp, says PM Modi

Atal Setu inauguration highlights: Catch all the latest updates on the inauguration of Mumbai trans harbour link

LIC receives another Income Tax demand notice worth Rs 1,370.60 crore

The state-owned insurer received a demand order worth Rs 1,370.60 crore from the Income Tax authorities in Mumbai

Many new technologies used in construction of longest sea bridge Atal Setu

Prime Minister Narendra Modi will visit Maharashtra today and unveil projects worth over Rs 30,500 crore in the state

$2 bn Atal Setu to boost connectivity with Mumbai amid India's infra push

The 21.8 kilometer bridge, India's longest, will also ease access to the satellite city of Navi Mumbai, where a new airport is under construction by the Adani Group

With MTHL on the road, Mumbai may see projects worth Rs 84K cr begin ops

The 37,276 crore worth Mumbai Metro line-3, connects the north of the city (SEEPZ) to south (Cuffe Parade) and is expected to start operations in two phases, first in April and second in September

CM Shinde's fate sealed in Maha speaker's verdict on disqualification pleas

The Maharashtra speaker is set to give his verdict on the disqualification petitions against CM Eknath Shinde and several MLAs whose rebellion had led to split in the Shiv Sena in 2022

'Mumbai terror attack mastermind Saeed in Pak jail serving 78-yr sentence'

Mumbai terror attack mastermind and outlawed Jamat-ud-Dawah chief Hafiz Saeed is in the custody of Pakistan serving a 78-year-imprisonment sentence as a result of a conviction in seven terror financing cases, the UN said in updated information. In December, India asked Pakistan to extradite Saeed, a United Nations-proscribed terrorist, who is wanted by Indian probe agencies in a number of terror cases. Saeed, who was designated as a global terrorist by the UN Security Council's 1267 Al-Qaida Sanctions Committee in December 2008, is in (the) custody of the Government of Pakistan, serving a 78-year imprisonment sentence since 12 February 2020 as a result of conviction in seven terror financing cases, the Sanctions Committee said in an amended entry. Last month, the Security Council Committee enacted amendments to certain entries in its ISIL (Da'esh) and Al-Qaida Sanctions List of individuals and entities subject to the assets freeze, travel ban, and arms embargo. Under these amendmen

Mumbai Coastal Road Project: All you need to know about the toll-free road

With Rs 12,700 crore Phase 1 of the Mumbai Coastal Road project set to conclude this year, here is everything you need to know about the ambitious road that includes an undersea tunnel