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Radius Infra Holdings has a prime land parcel of nearly half an acre with development potential in Mumbai's Andheri area. The land parcel is set to be developed within 36 months under the NCLT approved resolution plan.
There are some important factors that will guide the domestic equities on Thursday. These include the Services...
Adani Group-led SPV Adani Properties has accused vested interests of delaying the urban transformation work for Asia's largest slum in Mumbai. The state government has made the use of 40% transferable development rights (TDRs) from the Dharavi redevelopment project mandatory for realty developers. The government holds 20% in the Dharavi Redevelopment Project Pvt Ltd (DRPPL).
Adani Properties had bid Rs 5,069 crore for the project as against the governments stipulated minimum investment of Rs 1,600 crore that the lead partner of the special purpose vehicle (SPV) was expected to bring in.
The other two bidders in the fray were DLF and Shree Naman Developers.