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Construction

Navi Mumbai real estate: Only 15 of 47 plots sold in CIDCO auction | Mumbai news

Navi Mumbai: The latest auction of plots in Navi Mumbai has drawn a surprisingly lukewarm response, considering the premium real estate prices in the city and the record numbers clocked in earlier times. On Tuesday, however, only 15 of the 47 plots offered by the City and Industrial Development Corporation (CIDCO) received qualified bids. The […]

Corporates

RBI bars Sachin Bansal’s Navi Finserv, 3 other NBFCs

MUMBAI: RBI has ordered four non-banking finance companies to “cease and desist from sanction and disbursal of loans” due to regulatory violations. The NBFCs are Asirvad Micro Finance, Arohan Financial Services, DMI Finance, and Navi Finserv. RBI’s move come after repeated warnings about excessive pricing and failure to ensure borrowers’ repayment capacity.The pricing policies of […]

Construction

CIDCO lottery 2024: 12,400 applications received for 26,000 affordable homes in Navi Mumbai

The City and Industrial Development Corporation (CIDCO) on October 14 said that it has received 12,400 online applications for 26,000 affordable homes that are up for sale in the CIDCO housing lottery. The City and Industrial Development Corporation (CIDCO) on October 14 said that it has received 12,400 online applications for 26,000 affordable homes (HT […]

Economy

Navi climbs UPI leaderboard for second consecutive time, now fifth largest | Economy & Policy News

2 min read Last Updated : Oct 13 2024 | 5:28 PM IST Navi, a fintech company owned by Flipkart co-founder Sachin Bansal, has become India’s fifth-largest ecosystem player on the Unified Payments Interface (UPI), clocking 120.41 million transactions amounting to Rs 6,549.1 crore in September. The Bengaluru-based company, which surpassed Amazon Pay’s […]

Economy

Navi Mumbai airport runway tested successfully 

The event, held in the presence of Chief Minister Eknath Shinde and Deputy Chief Minister Devendra Fadnavis, saw the Indian Air Force’s C-295 aircraft land smoothly on the runway. The aircraft received a ceremonial water cannon salute, symbolizing a triumphant moment for the airport’s development. Additionally, a Sukhoi-30 fighter jet completed a successful take-off, adding […]

Economy

Navi Mumbai Airport on track for 2025 as IAF C-295 makes inaugural landing

In a landmark moment for the Navi Mumbai International Airport (NMIA), an Indian Air Force (IAF) aircraft successfully touched down on its South runway. The inaugural landing of the IAF C-295, a large multi-role tactical airlifter, represents a significant milestone in the Adani Group’s development of the greenfield international airport, which started in August 2021, […]

Economy

Vintage Coffee sets up first cafe in Navi Mumbai

Vintage Coffee Private Limited, a subsidiary of Vintage Coffee And Beverages Limited, has opened its first Premium Café Lounge in Navi Mumbai and announced the launch of its new e-commerce platform. This marks the company’s entry into the Indian market and transition from traditional B2B operations to direct consumer engagement. Vintage Coffee has been manufacturing […]

Construction

CapitaLand India Trust buys office building in Navi Mumbai for ₹676 crore

CapitaLand India Trust (CLINT) has acquired a 8.2-lakh-sq-ft multi-tenanted IT non-SEZ office building at a business park in Navi Mumbai for ₹676 crore. Building Q2 in Aurum Q Parc Business Park was completed in 2021 and has tenants such as Mizuho Bank, DP World, ICICI Bank, Axis Securities, John Cockerill, ideaForge Technology and Shriram Finance. […]