The developers residential platform and the landlord have finalised a revenue share structure for the proposed joint development, wherein K Raheja Corp will get 57% revenue share, while the balance 43% will go to the landlord. As per this agreement, the developer will be responsible for all planning, design, approvals, execution, branding, and sales efforts. The pact stipulates that K Raheja Corp is expected to complete the project within five years.
Adani Realty has emerged as the preferred bidder for the redevelopment of the Bandra Reclamation land parcel, offering 22.79% revenue to MSRDC, surpassing Larsen and Toubro s bid. The final approval is pending.
Mumbai: Fight Narrows Down To L&T, Adani Realty For Bandra Reclamation Project freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
Bandra Reclamation Redevelopment: Adani Realty Outbids L&T To Clinch Prestigious Project freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.