^^Grand. Design keeps getting better and better
Most of the people (hopefully all) here are ardent skyscraper enthusiasts. Trust you me, if we have any news, we ain't holding backThat design looks great!Any updates on this tower?
Both DBR's website and IPO confirm that the development of this project will start this month.Mumbai: Recently listed Man Infraconstruction is set to receive a Rs 725 crore order from DB Realty.
Sources close to the development told DNA, “The company has already got the order and some final details are being worked out. Announcement can happen anytime soon.”
Another official close to the deal said, “Yes, the two are in talks for a possible order and Man Infra may have already got it.”
When contacted, Ashok Mehta, chief financial officer, Man Infra said, “We haven’t finalised anything yet and will make the necessary announcement as soon as some concrete developments takes place.” Mehta declined to give any further details.
A senior official from DB Realty, who did not wish to be identified, said, “Yes, we are giving the order to Man Infra but we can not divulge the details now.”
Research analyst tracking the company said that the order would be for Jacob Circle, Mumbai, project where the realtor is building a residential project with golf course and other amenities.
Man Infra’s order-book of Rs 1,400 crore will surge by over 50% to Rs 2,125 crore with the DB Realty order.
An analyst tracking the company said, “Man Infra, at the time of its listing had said that its earnings per share will be Rs 27.55-32 per share. This is very positive for the company.”
And if you look in Bhargav's post above that is Arthur Road Jail just a few hundred meters up the road between J.R Boricha Marg & Sane Guruji Marg.The minister also ruled out irregularities in granting permission to DB Realtors to construct 70-storey tower within close vicinity of Arthur Road jail. The opposition members in the Upper House argued that no construction could take place within 185 metres of the high-security prison. Patil informed the House that earlier the rule was 150 metres within the jail premises, but when new development plan for a metro city like Mumbai came into effect, even this rule was relaxed.
So, turf view is also a supertall :banana:Looks like this will be a supertall as well. The GM of DBR has this on his linkedin profile:
Dy. General Manager (EHS) –Presently managing all the High rise Tower located at south Mumbai.(i.e Orchid Crown, Height, Turf and View , all residential height above 300 mtr/above 65 floors).