Tag: Worli

Mumbai rental market hit hard

The global economic meltdown has hit the once-booming commercial lease rental market in Mumbai. Rents have dropped by 20% to 25% on an average in the last quarter of 2008. In some prime commercial properties in the erstwhile mill land enclave of Central Mumbai, the drop is 50%. It was barely six months ago that […]

LnT To Develop Bombay Dyeing Complexes

Larsen & Toubro is planning develop nine million square feet at Bombay Dyeing & Manufacturing Company‚Äôs Textile Mills and Spring Mills complexes at Worli and Wadala at a cost of Rs two thousand crore. Mr K.V. Rangaswami, Director and President (Construction), L&T, said that it would be an all-commercial project, comprising retail, IT and hospitality […]