Maharashtra may allow higher FSI in Mumbai airport funnel zone
The Maharashtra government is considering the possibility of allowing higher potential Floor Space Index (FSI) for buildings located within Mumbai's airport funnel zone, in response to the redevelopment challenges caused by stringent height restrictions in these areas.The affected regions mainly include Vile Parle, Santacruz, and Kurla. As part of its revised policy for the funnel zone, the state government is, for the first time, offering Transfer of Development Rights (TDR) specifically for redevelopment purposes rather than for land acquisition.The issue was highlighted in the Assembly, whe..
Adani Ports, Airports May Raise $250 Mn from MUFG Amid US Scrutiny
Two entities under the Adani Group are in advanced negotiations to secure around $250 million in offshore bilateral loans from Mitsubishi UFJ Financial Group (MUFG), according to a Bloomberg report citing sources familiar with the matter.Adani Ports and Special Economic Zone is expected to raise approximately $100 million, while Adani Airport Holdings aims to secure about $150 million. The agreement related to the ports business could be finalised as early as this week. In addition to MUFG, both companies are also reportedly exploring funding options with other Japanese banks.This marks MUFGâ€..
Sterling Opens Boutique Business Hotel GK Exotica in Dehradun
Sterling Holiday Resorts has announced the opening of Sterling GK Exotica, Dehradun, a premium 36-key boutique hotel located in the heart of the city on Saharanpur Road.This marks Sterling’s ninth resort in Uttarakhand and second property in Dehradun, reinforcing its presence in the region and its growing portfolio of business-cum-leisure properties.Just 5 hours from Delhi NCR and 6 from Chandigarh, the hotel offers seamless access to Haridwar, Roorkee, and Saharanpur. With panoramic views of the Shivalik range and a strategic city-centre location, the hotel caters to both corporate travelle..
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