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.
