Sale of excess land of textile mills owned by it in Mumbai and other cities has helped NTC raise huge sums in recent years. The state-owned corpora-tion has sold surplus land of over 70 mills owned by it in different states, fetching it over US 800 million. In Mumbai alone, NTC
The NTCs proposed auction of four mills in Worli and Parel could raise real estate prices in central Mumbai because developers are expected to bid higher than-market rate for the around 40 acres of prime land, freeing it for private developers in this land-starved metropolis.
Aug 07, 2010 National Textile Corporation has got another Rs. 1,505 crore from the sale of an 8.39 acre plot under its now closed Bharat Textile Mills at Worli in Mumbai
Aug 01, 2010 Mumbai Mill land sold for Rs 474 crore. New Delhi Financial and realty major Indiabulls Infratech has emerged as the auction winner of 2.39 acres of prime land belonging to NTC
Jan 20, 2010 NTC expects to raise Rs 4,000 crore from the sale of assets in Mumbai, Kanpur and Indore. Union Textile Minister Dayanidhi Maran said the assets include land on closed mills and the sale was important for the NTCs modernisation plans.
Jul 10, 2005 The NTC mills lands sale will free close to 2,709.95 acres for redevelopment across the country at a market value of about Rs 3,437.90 crore. ... The four mills in Mumbai fetched NTC
Dec 11, 2017 A great transformation from port city to textile mills city Mumbai was at around 1980s which boosted city economy. From then till now many such mills like Dawn Mill, Zenzi mill, Phoenix mill, Kamla mills at mill prominent locations like Worli, Lower Parel, Byculla, Parel and Cotton Green in western and central Mumbai which was once survival source to lakhs of workers has been
The NTC used to own 25 textile mills in Mumbai, of which seven have already been sold, raking in Rs3,999 crore, which is being used to revive the remaining mills as well as venture into another ...
Jan 19, 2010 Around 2,500 workers are now employed in the three modernised mills, according to NTC. Mr. Chavan also announced plans for a museum on Mumbais textile history.
May 28, 2014 I nitiated in the early 19 th century, the cotton textile industry in Mumbai played a significant role in the citys economic progress, urban development and social structure today the central district the mill precinct of Mumbai where the mill was once flourished stands defunct and it is the hot spot of Mumbai real estate market. Some of the recent development of the mill land is merely ...
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Mar 13, 2006 NTC, which owns about 25 mills in Mumbai, auctioned five mills for about 500 million, and other private mills also began negotiations with developers. ... which developers were hoping to
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Jul 24, 2007 Of the 17 mills that NTC has in Mumbai, two each would be handed to Maharashtra government and Mumbai administration. After transferring two mills each to Maharashtra Housing and Area Development Authority MHADA and Brihanmumbai Municipal Corporation BMC, 11 mills would be available for sale to real estate developers, a government source ...
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Jul 24, 2007 New Delhi The process of selling closed mills of National Textile Corporation in Mumbai is expected to resume soon with the state-run company inviting bids for India United Mill
Jun 01, 2010 NTC has already kicked off the sale process. It has called bids for its properties at Bharat Textile Mills and Poddar Processes in Worli and fixed the minimum reserve prices of Rs 750 crore and Rs 250 crore, respectively. The state-owned entity plans to raise about Rs 5,000 crore through sale of mill properties in the current financial year.
Aug 27, 2012 Lakshmi said NTC has garnered Rs 6,173 crore from sale of 1,432 acres of land in its various mills including Bharat Mills, Mumbai Textile Mills, Apollo Textile Mills and Indore Malwa United Mills ...
Mar 07, 2006 The court said that the changes made in the rules for the development of the mill lands were constitutionally valid. NTC, Appolo Textile Mills, Mumbai Textile Mills, Elphinstone Mills, Kohinoor ...
Oct 16, 2004 Industry sources blamed private mill owners and developers for slowing sale of the NTC mills to prevent a fall in prices on account of a glut of mill lands. Mumbai Textiles, located next to Bombay Dyeing Mills in Prabhadevi, will release 12 acres of land, but Bombay Dyeing itself is in the market with around 16 lakh sq ft of FSI, a NTC ...
The sale of two mills in Worli is set to fetch the National Textile Corporation NTC at least Rs 1,000 crore over the next fortnight. mumbai Updated Jul 24, 2010, 0136 IST Naresh Kamath
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Mar 24, 2005 MUMBAI Jupiter Mills, the first of the National Textile Corporation NTC mills to go on the block, attracted bids above expectation on Thursday, with the highest tender of
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Feb 19, 2007 Prices soared even over the period we sold our mills in the first phase. While we got Rs.7,000 per sq ft for the sale of the 14-acre Mumbai Mills in Lower Parel -, a months later we got Rs.15,000 per sq ft for the sale of the 4.9-acre-Kohinoor Mills in Dadar, both in central Mumbai, the NTC
The erstwhile India United Mills nos.2-3 in Kalachowky one of NTCs fifteen shuttered mills given to the Municipal Corporation are now being planned as the citys newest and largest museum. Devoted to the history of textiles and industry in Mumbai, Maharashtra and India, the restored mill compound is due to open in phases beginning ...
Jun 21, 2010 National Textile eyes Rs750 cr from Mumbai mill sale. National Textile eyes Rs750 cr from Mumbai mill sale. Explore. ... a NTC mill plot at Worli
Aug 07, 2010 MUMBAI Indiabulls Real Estate picked up its fourth National Textiles Corporation NTC property in Mumbai after it won the bid for the over-eight-acre Bharat Textiles Mills land near Worli Naka ...
Jun 21, 2005 NTC had sold its first property -- the eight acre Appollo Mills land -- to Mumbai-based developer and Bharatiya Janata Party MLA Mangal Prabhat Lodhas Lodha Group of
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State-owned National Textile Corporation NTC today floated tenders for selling its 10.5-acre Poddar Mills land in Mumbai through online auction. It has set a reserve price of Rs 250 crore for the plot with a built-up area of 10,458 square metres. This is the first time NTC is conducting an e-auction of the land it owns in the country.