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MUMBAI | Orbit Terraces | 207m | 60 fl | U/C

14269 Views 25 Replies 14 Participants Last post by  n20
Centrally located in Lower Parel, Orbit Terraces is a multi-storeyed premium residential apartment tower of duplexes with large double height terraces featuring exclusivity, luxury and much else to make it Mumbai's most coveted address. The first habitable floor starts from the 15th floor onwards.

Rendering:


UPDATES
12 May , 2009
photo cc: MPE

April 3, 2010
photo cc:cncity

May 14, 2010
u/c on the left side of the picture
photo cc:yoko

Aug 25, 2010
photo cc:MPE

Nov 8, 2010
photo cc: christurchin

Nov 17, 2010
photo cc:India101

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Updates on Orbit Terraces; pictures taken by IndiansUnite on December 23, 2012:

Shot these today from Kamala mills:





You can see Lodha's NTC/DLF mill site in the foreground. Lots of workers were walking along the perimeter

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Video update on Orbit Terraces; posted by Suncity today:-

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pics courtesy Savz-

14-10-2012
Copyright:Savz





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x-posting photo update:

Shot these today from Kamala mills:





You can see Lodha's NTC/DLF mill site in the foreground. Lots of workers were walking along the perimeter

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April 2013 video update of Orbit Terraces

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Google Earth view of Orbit Terraces beside Elphinstone Flyover:
(you can see World One and World Crest are not far away… the city is one big construction site now)


source: mpe
Orbit Corp to pare down (remove) Rs. 300 crore debt in the first two quarters of 2015.

Pujit Aggarwal,managing director and chief executive officer, Orbit Corporation, says the company is aiming to pare its debt by Rs 300 crore in the next two quarters and is also in final round of talks with an asset restructuring company (ARC).

Reema: How are you planning to pare down your debt by Rs 300 crore, will you sell some property?
A: We would be monetising some assets. we have in fact in this quarter monetised one particular asset, we realised about Rs 16.5-17 crore from that and we would be monetising at least two more of our assets from which we will be able to pare the debt.

Reema: What is the size of these two assets?
A: One asset is about Rs 200-225 crore. The other would be about Rs 75-80 crore.

Latha: Can you name which these are? You also said two more will come into sales, that would be of a lot of consumer interest as well as investor interest, which are coming in, which are likely to be sold?
A: The two projects which would be coming in -- one is that Napeansea Road called Villa Orb Annexe and the second one is at Lower Parel called Orbit Terraces which was stalled for the last three years.
So that particular project will be coming back on stream.
As far as Villa Orb Annexe is concerned, in the next month we should be able to start construction on that altogether.
As far as monetisation is concerned, one of our projects at Santa Cruz is what we are expecting to monetise and there is another project at Lower Parel, which we had acquired, that is the other one that we are planning to monetize.
source

Expect Orbit Terraces to resume construction within the next few months.
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