The Straight Curve的动态

Maharashtra’s biggest industrial land parcel measuring over 5,286 acres – at a strategic location close to the Navi Mumbai Airport, JNPT and the Mumbai Trans Harbour Link (MTHL) project – has been sold to Reliance Industries Ltd (RIL) at a valuation of just Rs 2,200 crore i.e. just Rs 97.11 for one sq feet. Anand Jain-promoted Jai Corp Ltd informed the stock exchange that Urban Infrastructure Holdings Pvt Ltd (UIHPL), a firm in which his company holds 32%, is convening an extraordinary general meeting (EGM) of shareholders to approve the capital reduction proposed by the company. The company informed the stock exchange that the subsidiary of UIHPL, i.e., Dronagiri Infrastructure Pvt Ltd (DIPL), sold its 74% stake in Navi Mumbai IIA Pvt Ltd (NMIIA) for Rs1,628.03 crore, valuing the company at Rs2,200 crore, to Reliance Industries Ltd. The Navi Mumbai SEZ was once said to be estimated as having an economic potential of over Rs1 lakh crore after the MTHL and Navi Mumbai Airport get operational. RIL, in its statement, said that the investment is not a related party transaction and none of the company's promoters, the promoter group, or group companies have any interest in the above transaction. But Urban Infrastructure Holdings Private Ltd (UIHPL) is owned 33 percent by Mukesh Ambani-led Reliance group companies, 32 percent by Jai Corp Group led by Anand Jain and SKIL Infrastructure, which is currently under NCLT proceedings, held 35 percent as per its annual report for the financial year ending March 2023. . . . #india #maharashtra #mumbai #mukeshambani #reliance #narendramodi #land #infrastructure #business #news #politics

?? Maharashtra’s Biggest Industrial Land Parcel Sold to Reliance Industries In a significant development, Reliance Industries has acquired Maharashtra’s largest industrial land parcel in Navi Mumbai at a fraction of its estimated value. ??? This strategic purchase underscores Reliance’s growing influence and vision for industrial expansion in one of India’s prime economic hubs. The move is expected to: ? Boost Industrial Development: Drive infrastructure and employment growth. ? Strengthen Regional Economy: Enhance Navi Mumbai’s prominence as an industrial hub. ? Raise Eyebrows: Questions are being asked about the pricing and process involved. ?? Read the full story here: NDTV Profit https://lnkd.in/dZaY9mQA #RelianceIndustries #IndustrialDevelopment #NaviMumbai #RealEstateNews #EconomicGrowth #BusinessNews

?? Maharashtra’s Biggest Industrial Land Parcel Sold to Reliance Industries In a significant development, Reliance Industries has acquired Maharashtra’s largest industrial land parcel in Navi Mumbai at a fraction of its estimated value. ??? This strategic purchase underscores Reliance’s growing influence and vision for industrial expansion in one of India’s prime economic hubs. The move is expected to: ? Boost Industrial Development: Drive infrastructure and employment growth. ? Strengthen Regional Economy: Enhance Navi Mumbai’s prominence as an industrial hub. ? Raise Eyebrows: Questions are being asked about the pricing and process involved. ?? Read the full story here: NDTV Profit https://lnkd.in/dQKUpG2W #RelianceIndustries #IndustrialDevelopment #NaviMumbai #RealEstateNews #EconomicGrowth #BusinessNews

?? **Mumbai Metro Rail's Strategic Shift: RBI's Proposal for Nariman Point Land** ?? The Mumbai Metro Rail Corporation (MMRC) is pivoting its plans for a prime land parcel in Nariman Point, following a formal request from the Reserve Bank of India (RBI). Originally earmarked for extensive property development, this 4.2-acre site was set for a global lease tender with a reserve price of ?5,173 crore. ??? **Revamping Urban Landscape** Located in one of the densest real estate markets globally, Nariman Point was set for significant development, including 1.6 million sq ft of new properties, with over 1.13 million sq ft reserved for governmental purposes. However, with RBI's proposal, MMRC has strategically decided to reconsider its initial approach, reflecting a flexible response to current socio-economic demands. ?? **RBI's Broader Vision** RBI aims to expand its operational footprint in a central economic hub like Mumbai. This move could enhance the financial services infrastructure, bringing potential ripple effects to local markets. As MMRC cancels its tender, this could realign future opportunities and trajectories for the Nariman Point site. ?? **Implications for Stakeholders** - **Investors & Developers**: This shift means recalibrating expectations as the development landscape changes without the anticipated commercial projects. - **Political Landscape**: The decision also underscores the critical role of politics and governance in urban property management, anticipating possible governmental strategy shifts. While this development reflects broader institutional strategic needs, its full impact on South Mumbai's real estate dynamics remains to be seen. To explore detailed insights and updates on this evolving story, click here [Mumbai Metro Considers RBI Land Deal at Nariman Point](https://lnkd.in/gx_wRkZc). #RealEstate #MumbaiMetro #RBIDevelopment #UrbanExpansion #NarimanPoint #InfrastructureDevelopment #PropertyInvestment

How come we manage to plan such that we always have projects that are 90% complete and they remain at 90% completion stage for a long time? We know that we lose nearly Rs 1 trillion a year on account of delays in projects. But keeping mega projects lingering on and on is a complete financial disaster. As per latest reports from the government, more than 90% of the total projects (7,244 projects amounting to Rs 1.45 trillion) undertaken under the Smart Cities Mission have been completed. The Western Dedicated Freight Corridor (WDFC) that connects JNPT Mumbai to Dadri in Haryana is 93.2 percent complete and is likely to be completed by December 2025. The Samruddhi Maha Marg (Mumbai-Nagpur Expressway) is likely to be completed by next month as it closes in on its last lap of 76 km. The Coastal Road in Mumbai is likely to be completed by December 2024. ?So also, Mumbai Metro Line 3 which is also likely to be completed by December 2024. The Ram Mandir in Ayodhya too is likely to be finally completed by December 2024. The Navi Mumbai International Airport is battling execution challenges of time and so is the Jewar International Airport. The Delhi-Mumbai Industrial Corridor (DMIC) is strategically built around the Western Dedicated Freight Corridor. The WDFC serves as a backbone for the DMIC, facilitating efficient transportation of goods between the industrial hubs along the corridor and major ports in Mumbai. But both the Dedicated Freight Corridor and the DMIC “are over 90% complete”! The fruits of this development will remain unutilised and provide sub-optimal results for our investments until this project attains 100% completion. Prime Minister Narendra Modi and the Cabinet recently approved 12 new project proposals last month, under the National Industrial Corridor Development Programme (NICDP). This decision entails an estimated investment of ?28,602 crore and aims to establish a network of industrial nodes and cities. These 12 industrial areas, located across 10 states and planned along six major corridors, are expected to support India's manufacturing capabilities and contribute to economic growth. But it is time we ensure that we do complete the existing ones and realise full value before we keep other projects idling. #projectmanagement #infrastructure #coastalroad #airport #metrorail

Why Reliance’s Land Purchase is a Strategic Move, Not a Bargain! Mukesh Ambani’s recent acquisition of land in Mumbai has sparked debate, with critics alleging that he purchased property valued at ?56,000 crore for just ?2,000 crore. This critique, however, overlooks key distinctions between raw and developed land, leading to misleading comparisons. Understanding the Acquisition In December 2024, Reliance Industries acquired a 74% stake in Navi Mumbai Industrial Area (NMIIA) for ?1,628 crore (approximately $192 million). NMIIA, formerly known as Navi Mumbai Special Economic Zone, spans over 5,200 acres and is designated for industrial development. The remaining 26% stake is held by the City and Industrial Development Corporation of Maharashtra (CIDCO). Raw Land vs. Developed Land Critics’ claims appear to conflate the value of undeveloped land with that of developed urban properties. Raw land, like that acquired by Reliance, lacks infrastructure such as roads, utilities, and zoning approvals, which significantly impacts its market value. In contrast, developed land in urban areas is equipped with necessary infrastructure and has undergone regulatory approvals, commanding higher market prices. The Flawed Comparison By comparing the acquisition cost of NMIIA’s raw land to the market rates of fully developed urban properties, critics are juxtaposing fundamentally different assets. This is akin to comparing oranges with apples, as the intrinsic values and development potentials differ markedly. Development Potential and Investment It’s essential to recognize that the value of raw land is intrinsically linked to its development potential. Reliance’s investment includes not only the purchase price but also future expenditures on infrastructure development, regulatory compliance, and urban planning. These investments will enhance the land’s value over time, aligning it more closely with urban property valuations post-development. The criticism surrounding Mukesh Ambani’s land acquisition stems from a misunderstanding of real estate valuation principles. Equating the purchase of undeveloped land with the market rates of developed urban properties leads to inaccurate assessments. A nuanced understanding reveals that the acquisition cost reflects the current state of the land and the substantial investments required to realize its full potential. #RelianceIndustries #RealEstateInsights #StrategicInvestment #LandValuation #BusinessStrategy #FutureGrowth #RealEstateDevelopment #MukeshAmbani #SmartInvestments #EconomicGrowth

?? Kharagpur-Visakhapatnam Expressway: A Game Changer for Odisha! ?? The 783 km Kharagpur-Visakhapatnam expressway will significantly boost logistics and connectivity in eastern India, passing through Odisha. Part of the Gati Shakti framework, this greenfield highway will reduce transit time and unlock economic opportunities along its route. Expected to spur industrial and infrastructure growth, it’s a major step towards a more connected India. #Infrastructure #Logistics #RoadDevelopment #Odisha #IndiaGrowthStory #GatiShakti #Expressway #SustainableDevelopment #HighwayProjects #RegionalConnectivity #EconomicGrowth #ConstructionIndustry #SmartInfrastructure #NationBuilding #MakeInIndia https://lnkd.in/dDjyw3uH

Share market: Oriental Railway shares became capital, left these railway company shares behind - Prabhat Khabar #Left #capital #company #Khabar #market #Oriental #Prabhat #railway #share #shares

Reliance Industries Limited Big Move in Navi Mumbai Land Deal ?? Reliance Industries Limited Acquires Stake in Prime Navi Mumbai Land?? Reliance Industries Limited has acquired a significant stake in a prime land parcel in Navi Mumbai. This strategic acquisition is set to enhance the company’s real estate portfolio and expand its presence in the rapidly developing region. Strategic Investment to Boost Real Estate Holdings ?? The acquisition aligns with Reliance Industries Limited broader strategy to strengthen its position in the real estate sector. By investing in Navi Mumbai, a region with immense growth potential, the company is looking to capitalize on future opportunities and enhance its market standing. Potential Development Plans in the Pipeline?? Although detailed development plans have not been disclosed, Reliance is likely to explore several possibilities for the acquired land. Potential developments could include: 1. Commercial Complexes 2. Residential Projects 3. Mixed-Use Facilities These projects would aim to maximize the land’s value and meet the growing demand in the area. Impact on Navi Mumbai's Real Estate Market ?? Reliance's entry into Navi Mumbai’s real estate market is expected to have a significant impact, potentially: 1. Boosting Property Values: The acquisition could lead to an increase in property prices in the region. 2. Attracting Further Investments: Other investors may be encouraged to explore opportunities in the area. 3. Stimulating Economic Growth: The development of new projects could lead to job creation, improved infrastructure, and overall economic progress. This bold move by Reliance Industries Limited positions the company to play a pivotal role in the future growth and development of Navi Mumbai’s real estate landscape. #reliance #infra #real #estate #deal #land #navi #mumbai #technicals #growth

Maharashtra State Transport (MSRTC) begins concretisation of all its 183 bus depots. 155 bus routes restricted at Mumbai Central bus depot from Dec 23. https://lnkd.in/dSx2kJi3