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Updated on: Saturday, June 01, 2019, 12:48 AM IST

Developers flock to buy TDR from MMRDA; may fetch Rs 130-cr              

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Mumbai : Even as sentiment in the real estate market continues to be low, as many as 12 developers including Oberoi Realty have bid for the 3.22 lakh sq ft (30,000 sq mt) of transfer of development rights (TDR) available in city’s western suburbs.

The Mumbai Metropolitan Region Development Authority (MMRDA) has put on block TDR on three plots in Goregaon and Jogeshwari. This includes area of 10,574.76 sq mt of Nirlon Park and 9,970.49 sq mt of NESCO, both in Goregaon and 9,454.75 sq mt of Ajgaonkar plot in Jogeshwari. “Since we are now seeing some level optimism in the sector we decided to sell the TDR to generate funds for funding our projects,” Deputy Metropolitan Commissioner (lands and estate) Anil Wankhede told PTI.        Companies that have filed tender documents are –- Saroj Landmark Realty, Kunal Realtors, Aristo Realty Developers, Bhoomi Construwell, Spade Realtors, Sapphire Land Development, Aakash Universa, Valji Sejpal & Co, Steel Plant, Streamline finance & Investment, Blue Diamond Construction Company and Oberoi Realty.

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Published on: Wednesday, June 24, 2015, 12:05 AM IST
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