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Real Estate Forum on South Mumbai Project

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Q: The Rs.12000 crore coastal road project of connecting South Mumbai with the Western Suburbs could get stalled due to legal actions.
Latest Answer: According to me, they were not taking up the road cum rail bridge between Nava Sheva and Sewree which would have nearly reduced by as much as two thirds the daily travel time of the Mumbai and Navi Mumbaikars apart from giving the two ports MBT and JNPT another vital railway connection to the rest of the country.
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Q: DB Group's hospitality arm is in advanced talks with another Mumbai-based developer Sheth Creators for an agreement to jointly develop a high-end sea-facing residential project in South Mumbai.
Latest Answer: Yor are right Ravindra, And the developer had moved the Supreme Court claiming directions to the state government to allow a higher hotel floor space index (FSI) of 6.29 for the project. In December 2007, the court asked the state government to consider the developer's appeal. The project cost for the hotel was then estimated to be over Rs 2500 crore. The hotel was to be operated by Hyatt Hotels and Resorts.
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