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VSNL purchases Rs 54-cr property.
Byline: Gurbir Singh
: The development of Bandra-Kurla complex received a boost with the Videsh Sanchar Nigam picking up nearly six acres of property in the commercial complex for Rs 53.6 crore. The stagnating Bharat Diamond Bourse is also likely to restart construction.
In a recent deal, VSNL has opted for 22,250 square meters of land from the leasing authority, the Mumbai Metropolitan Region Development Authority, for the development of a communication centre and residential complex for its employees. The lease deal, for a period of 80 years, was at a predetermined rate of Rs 2,500 a sq ft.
VSNL has been permitted to develop a floor space index of 1.5 for the housing project, while the communication centre has been allotted an FSI of 2, MMRDA official V K Pathak told ET. The communication centre will cover a major chunk of the VSNL property, while the housing complex for the employees will occupy a little less than one-third of the land, Mr Pathak said.
With the enhanced FSI, ...
- India: Bharat Diamond Bourse may go on stream by 2003-end.
- News wire article from: Business Line April 9, 2001 700+ words
...TOUTED as Asia's largest diamond bourse and hub of the Indian diamond industry, the Bharat Diamond Bourse, whose fate has been hanging...Kaushik Mehta, Secretary, Bharat Diamond Bourse Committee. "The process of...
- Bharat Diamond Bourse to be operational by June.
- News wire article from: Asia Africa Intelligence Wire October 9, 2005 700+ words
...LINE, October 09, 2005 Mumbai, Oct. 8 - THE Bharat Diamond Bourse (BDB), coming up at the Bandra-Kurla Complex...next monsoon," Mr Anoop V Mehta, President, Bharat Diamond Bourse told Business Line The bourse will facilitate its...
- BHARAT DIAMOND BOURSE: WILL IT MAKE THE CUT? (the diamond bourse is an...
- News wire article from: Asia Africa Intelligence Wire July 21, 2003 700+ words
(From India Business Insight) Bharat Diamond Bourse (BDB) is being set up at a cost of Rs850 crore in the Bandra-Kurla Complex in Mumbai. After a gap of 4 years, the work on...
- BHARAT DIAMOND BOURSE (it extends across 20 acres at Bandra-Kurla Complex).
- News wire article from: Asia Africa Intelligence Wire November 30, 2003 700+ words
(From India Business Insight) Bharat Diamond Bourse extends across 20 acres of land at Bandra-Kurla Complex and is estimated to cost Rs90 crore. Work costing Rs650 crore has been...
- Bharat Diamond Bourse to be operational by next Dec.
- News wire article from: Asia Africa Intelligence Wire December 16, 2004 700+ words
(From Business Line) Mumbai, Dec. 15. BHARAT Diamond Bourse (BDB), coming up at the Bandra Kurla Complex in Mumbai, is set to be fully operational by December 2005. The total cost of...
- BHARAT DIAMOND BOURSE: A NEW SPARKLE (to shift to a new complex and to commence...
- News wire article from: Asia Africa Intelligence Wire January 16, 2005 700+ words
(From India Business Insight) The new Bharat Diamond Bourse (BDB), to be built at a cost of Rs900 crore, will be ready by Sep 2005. It will be located at the Bandra-Kurla complex in...
- India: Bharat Diamond Bourse work to begin soon.
- News wire article from: Business Line June 22, 2001 700+ words
MUMBAI, June 21. THE Bharat Diamond Bourse (BDB) will be ready in 30 months starting August 1, according to Mr Kaushik Mehta, Secretary, Managing Committee of the bourse...
- DIAMOND BOURSE TO COME UP ON MUMBAI SLUM LAND (a 5 lakh square feet project,...
- News wire article from: Asia Africa Intelligence Wire July 26, 2005 700+ words
(From India Business Insight) A diamond bourse is to be established at the Bandra-Kurla...This will now become a 5 lakh square feet diamond bourse near the Bharat Diamond Bourse (BDB). It will be called Diamond Exchange...
- Diamond bourse to open by Diwali, plans to corner 90 pc trade.
- News wire article from: PTI - The Press Trust of India Ltd. June 19, 2007 700+ words
...two years as the ambitious Bharat Diamond Bourse (BDB) is expected to start...international destination, the Bharat Diamond Bourse aims to further enhance India...the entire diamond trade. Bharat Diamond Bourse is establishing a 18 lakh...
- Speculation jacks up rates on BKC diamond bourse.
- News wire article from: Asia Africa Intelligence Wire April 9, 2004 700+ words
...market, property prices in the under-construction Bharat diamond bourse in the Bandra-Kurla Complex (BKC) shot up to...that about two three transactions in the proposed diamond bourse at the BKC took place at a phenomenal Rs 18,000...