Mumbai city has been known to receive heavy rainfall during the monsoons. Being a coastal city, Mumbai needs to understand the requirement for costal construction and heavy rainfall. More than 80% of the pre-1990s construction is in distress because of poor quality material and harshness of environment. Despite all this, Mumbai was one of the last cities to take up blended cement that helps fight problems related to waterproofing.

KORUM, Mumbai’s largest Shopping Mall by Kalpataru Retail Ventures Pvt Ltd, a Kalpataru Group company, has won the ‘Emerging Retailer of the Year Award’ (Real Estate) at the 7th Asia Retail Congress, held in Mumbai recently.

Public sector banks including State Bank of India, Bank of Baroda, Bank of India, Indian Overseas Bank have served notices to dozens of real estate companies to recover around Rs 20,000 crore of their exposure by March.

Nitesh Estates has announced the launch of a Rs-100 crore luxury residential project in Bengaluru. The project, Nitesh Logos, would be located in the central business area MG Road and provide all modern amenities, company officials said. The project is expected to be completed in two years.

Nitesh Estates Limited has announced impressive performance for the third quarter ended on December 31, 2010 with a Consolidated Total Income of Rs. 31.8 Crore; EBIDTA of Rs 4.03 Crore & PAT of Rs. 2.58 Crore.