&w=3840&q=100)
Builders from other regions tap into Mumbai's redevelopment market
Mumbai's policy-level incentives for redevelopment and less capital-intensive nature of the business amid a lack of open land parcels, are attracting developers
Mumbai
Listen to This Article
Developers based outside Mumbai are making a beeline for India's largest real estate market through redevelopment projects.
These include Delhi-based DLF, Bengaluru-based Prestige Estates and Puravankara, Pune-based Kolte-Patil Developers and Vascon Engineers, and Hyderabad-based Ramky Estates.
Mumbai's policy-level incentives for redevelopment and less capital-intensive nature of the business amid a lack of open land parcels, are attracting developers. They are using asset-light strategies to get better realisation from high property rates.
'For developers based outside the Mumbai Metropolitan Region (MMR), redevelopment offers an effective route to enter the market, given the limited availability of greenfield land. Additional attractive factors include
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
44 minutes ago
- Mint
Leaders of ‘orgasmic meditation' wellness company convicted in forced labor trial
NEW YORK (AP) — The leaders of a sex-focused women's wellness company that promoted 'orgasmic meditation' have been convicted of federal forced labor charges. A Brooklyn jury on Monday found Nicole Daedone, founder of OneTaste Inc., and Rachel Cherwitz, the California-based company's former sales director, guilty of forced labor conspiracy after deliberating for less than two days following a roughly monthlong trial. Daedone's defense team had cast her as a 'ceiling-shattering feminist entrepreneur' who created a unique business around women's sexuality and empowerment. But prosecutors argued the two women ran a yearslong scheme that groomed adherents — many of them victims of sexual trauma — to do their bidding. They said Daedone and Cherwitz used economic, sexual and psychological abuse, intimidation and indoctrination to force OneTaste members into sexual acts they found uncomfortable or repulsive, such as having sex with prospective investors or clients. The two told followers the questionable acts were necessary in order to obtain 'freedom' and 'enlightenment' and demonstrate their commitment to the organization's principles. Prosecutors said OneTaste leaders also didn't pay promised earnings to the members-turned-workers and even forced some of them to take out new credit cards to continue taking the company's courses. Lawyers for the two women didn't immediately respond to emails seeking comment Monday. OneTaste started in San Francisco around 2005 as a sort of self-help commune that viewed female orgasms as key to sexual and psychological wellness and interpersonal connection. A centerpiece was 'orgasmic meditation,' carried out by men manually stimulating women in a group setting. The company quickly opened outposts from Los Angeles to London following glowing media coverage in the 2010s. At the time, OneTaste was portrayed as a cutting-edge enterprise that prioritized women's sexual pleasure. But Daedone sold her stake in 2017 — a year before OneTaste's marketing and labor practices came under scrutiny. The company's current owners, who have rebranded it the Institute of OM Foundation, have said its work has been misconstrued and the charges against its former executives were unjustified. They maintain sexual consent has always been a cornerstone of the organization. The company didn't immediately respond to an email seeking comment.
Time of India
2 hours ago
- Time of India
NRIs launch curated tour packages for Singaporeans in coastal Karnataka
Mangaluru: Undeterred by the recent setback of direct flights between Mangaluru and Singapore failing to take off, Singapore-based NRIs launched an alternative strategy to boost tourism in Coastal Karnataka. Their new initiative, a series of curated tour packages for Singaporeans to Mangaluru, aims to significantly increase tourist traffic, ultimately reviving hopes for direct air connectivity. The first tour, 'Ashta Kshetra Darshan', a five-day spiritual and sightseeing journey, commences on June 13, with an inaugural batch of a small group. This marks a crucial step in showcasing the region's unique appeal. Future plans include 'Exotic Tulunadu' for adventure and beaches, and 'Rome of the East' focusing on historical churches and recreation. Rajesh H Acharya, director of HQ Connections Pte Ltd, Singapore, curated the tour packages with an aim to promote tourism in Coastal Karnataka, and to encourage direct flights from Singapore to Coastal Karnataka. The Tulu community in Singapore was keen to promote the destination when a direct flight between Singapore and Mangaluru was announced from Jan 2025, but the withdrawn later. The 'Ashta Kshetra Darshan' is a tour of eight popular temples in Coastal Karnataka, which is offered through tour operator Udupi Vaibhav. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Buy Brass Idols - Handmade Brass Statues for Home & Gifting Luxeartisanship Buy Now Undo A native Singaporean couple, Asokan and Mohanammbal, are excited about joining the tour as their 14-year wish to visit Kollur Mookambika temple is coming true. They are third-generation Singapore citizen of Tamil origins. "About 14 years ago, I went to Thiruvarur to my son-in-law's village where I met a local diamond merchant who gave me the picture of Kollur Amma and told me to visit her. I am excited to take this journey," shared Mohanammbal. Acharya said that this trip will be held every month, and two more packages will be introduced from Sept: Exotic Tulunadu and Rome of the East—10 churches visit, sightseeing, and recreation. "The initiative seeks support from the global Tulu community to promote tourism and strengthen the case for a direct flight between destinations. Soon we will also contact all the Indian communities here in Singapore to support it," said Acharya, adding that the tour packages aim to target more than 2 lakh Indian expats and Singaporeans.
The Hindu
2 hours ago
- The Hindu
Software exports of STPI-Hyderabad units rose 15% to over ₹1.42 lakh crore in FY25
The Software Technology Parks of India-registered units under the STPI-Hyderabad jurisdiction achieved software exports of ₹1,42,591 crore in 2024-25. This is an increase of 15% compared to ₹1,23,966.85 crore exports registered in 2023-24. STPI-Hyderabad operates through its main centre in Hyderabad and five sub-centres in Kakinada, Tirupati, Vijayawada, Visakhapatnam and Warangal. STPI-Hyderabad Directorate has been instrumental in nurturing the IT industry and tech startup ecosystem in Andhra Pradesh and Telangana. As a key enabler of the region's digital transformation, it has played a major role in positioning Hyderabad among the top IT hubs in India. STPI-Hyderabad empowers India's tech industry with 1.35 lakh of workspace, the Directorate said in a release on STPI's 34th Foundation Day. STPI began its journey with three centres, at a time when the IT industry was at a nascent stage. Presently, STPI has 67 centres across the country that played a vital role in transforming the IT industry of the country. In 2024-25, exports by STPI registered units reached more than ₹10 lakh crore, STPI Director General Arvind Kumar said. In line with the government of India's emphasis, STPI is working to enhance the presence of IT industry in Tier-II and Tier-III cities of the country. As many as 59 of its 67 centres are in Tier-II and Tier-III cities. It is also nurturing tech startup ecosystem through its 24 centres of entrepreneurship (CoEs) and NGIS and supported more than 1,400 startups. Startups empowered through the STPI ecosystem have raised ₹574 crore funds from investors. Towards boosting innovation and entrepreneurship, STPI-Hyderabad has set up two CoEs — IMAGE and Kalpataru focused on high-potential emerging technologies in Hyderabad and Visakhapatnam, respectively. IMAGE is dedicated to Gaming, Animation, VFX, Computer Vision and Artificial Intelligence. Focused on Industry 4.0, Kalpataru aims to build a robust innovation ecosystem. IMAGE and Kalpaturu CoE's have nurtured 92 and 42 startups, respectively.
