Tag: JSW Realty

CommercialLatest Stories

JSW Realty Gets ₹1,600 Crore Loan from Tata Capital for Mumbai Project

JSW Realty, the real estate division of the JSW Group, is in advanced negotiations to secure a loan of Rs 1,600 crore (approximately $169 million) from Tata Capital Ltd., a shadow lender, as per sources familiar with the matter. The company is looking to obtain this five-year loan to finance an office development near Mumbai’s Bandra business area. The sources, who requested anonymity due to the private nature of these discussions, indicated that the loan interest rate is likely to fall between 9% and 11% per annum, whereas the yield on current five-year government bonds stands at 6.47%. The terms…

IndustryLatest Stories

Adani, Reliance, Lodha, JSW vie for 206-acre Mumbai project

Realty developers such as Adani Properties, Reliance 4IR, Lodha Developers, and JSW Realty & Infrastructure have placed bids to redevelop three significant housing colonies covering over 206 prime acres in Mumbai’s key neighborhoods: Worli, Bandra Reclamation, and Andheri West. The Maharashtra Housing and Area Development Authority (MHADA) opened technical bids for these projects on Tuesday, covering 98.27 acres at Bandra Reclamation, 73.89 acres at Sardar Vallabhbhai Patel (SVP) Nagar in Andheri West, and 34.33 acres at Adarsh Nagar in Worli. On April 8, the Mumbai Housing and Area Development Board, a unit of MHADA, issued tenders to appoint construction and…