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Mjunction eyeing NSN land News Updates
mjunction Services Ltd, an equal e-commerce joint ven- ture between Tata Steel and Steel Authority of India ( SAIL) plans to acquire a 9 acre plot in Kolkata where Nokia Sie- mens Networks (NSN) runs a loss-making landline gear manufacturing unit.
mjunction, which conducts e-auctions of steel and coal
on an electronic platform, has been scouting for prime real estate in the city to set up an IT campus. Nokia Sie- mens is likely to shut down its Kolkata plant as part of a global decision to sell non-profitable fixed-line as- sets worldwide to cut losses. mjunction confirmed it is interested in the land if Nokia Siemens shuts down the Kol-
kata telecom factory.
“The Nokia Siemens site seems a good fit and we are very keen on developing our IT campus there. We are looking at exploring this opportunity and start conversations with the West Bengal government,” said Viresh Oberoi, founder CEO & managing director, mjunction Services Ltd.
5 Godrej to focus on residential properties
“Though there is negative sentiment among buyers at present, the demand for houses will continue to grow, which is a huge opportu- nity for developers like us. We will continue to remain very much focused on the residential space,” Godrej Properties (GPL) Managing Di- rector and Chief Executive Pirojsha Godrej said.
24 GIREM 101
Of the 10 deals that the company signed last fiscal, only one was in the commercial space, at Bandra Kurla Complex.
GPL plans to launch 15 projects this fiscal and majority of them will be in the residential realm.
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