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Star India Renews Mumbai Office Lease For 9 Years At Rs 5.91 Crore Per Month

Star India Pvt Ltd, the company that runs sports and entertainment channels, has renewed its lease agreement for the next 9 years at a monthly rental of Rs 5.91 crore. Star operates from Urmi Estate, located very close to Lower Parel station, Mumbai. Lower Parel has emerged as the new Central Business District. It may be recalled that Lower Parel was once synonymous with textile mills, and the area had several mills and chawls housing mill workers and their families. Now, these mills and the chawls have made way for swanky apartments and commercial complexes. According to documents provided by CRE Matrix, a real estate data analytics firm, the renewal was signed on October 3, 2022 between Star and Keshav & Co. It has paid a security deposit of Rs 93.48 crore. The details include, office premises 27th to 36th Floor, 37th Floor, Sports floor 6,7,23,24 and 26th floor in Urmi Estate Building Tower A.  Ground Floor Lobby, Meeting room & Studio area on the ground floor, Mail Room SRM. And this includes a terrace on the 8th floor. Star will have access to 650 parking spaces of which 500 are for four wheelers and 150 for two wheelers. The rent escalation is 4.5% at the end of every 12 months. By arrangement with

Flat Buyers Beware! 52 Housing Projects In Kalyan-Dombivli Deregistered

Do you stay in the jurisdiction of Kalyan Dombivali Municipal Corporation (KDMC)? Then this news is of utmost importance to you. The Maharashtra Real Estate Regulatory Authority (MahaRERA) has put out a list of 52 projects which are either suspended, kept in abeyance or deregistered. MahaRERA took this decision after KDMC filed a complaint against several developers for allegedly forging documents that they had permissions, whereas no such permission was issued. It is mandatory that every project registered with MahaRERA should have all the permissions required to carry out constructions from the planning authority. In this case the planning authority is KDMC for all the 52 projects which are now deregistered. As per the RERA Act, 2016, all real estate projects are to be registered with the RERA in respective states. In Maharashtra, on registration of a project with MahaRERA, the projects are provided with a certificate and a number. Every developer who wishes to sell a project in Maharashtra has to have this number, even to advertise, they need this number, any project that hasn’t been completed and not received an OC, they need to register with MahaRERA. The watchdog’s job is to save the homebuyers from frauds. Buyers before investing in any new project in Maharashtra, should visit MahaRERA’s website and check the details before investing. By arrangement with


Editor’s Note: Big Punch In Small Pack

It is the Third Anniversary of Short Post and as a news media startup launched during the Covid-19 pandemic it certainly feels better than good to find ourselves where we are today. Here, I must cite the unstinted support of our seasoned contributors, all senior editors in the country, who brought a great degree of maturity and sagacity to the Short Post newsroom. But for them, our tagline “Authentic Gossip”, an Oxymoron, would not have matured viably. Our user numbers may be small but our stories have created the desired impact among people who matter — decision makers and influencers. We offer a big punch in a small pack and Short Post with its 225-word stories has been punching above its weight category. Having posted close to 3,000 stories in the last 36 months, Short Post, I feel, is an idea whose time has come.
And this is vindicated by our two marquee advertisers – IDFC FIRST Bank and ICICI Lombard. Both believed in our story and have supported us from Day one. A big thank you to both.
If you look at the media landscape – print, TV and digital — it is a mixed bag. There are job losses as some outfits have closed down while a lucky few were bailed out by large corporate houses. Yes, there is a lot of action in the digital space. However, the entry of corporate houses has raised the question of independence of news media outfits. Sadly, there are just a handful of independent media outfits in the country that are highly respected for their neutrality. At Short Post, our credo is not to take sides, prejudge issues or be biased but, informing readers of behind-the-scenes happenings. In essence, Short Post strives to be a neutral editorial platform — neither anti-establishment nor pro-establishment.
As I said last year, disruptions in the media world are moving at a fast and furious pace. Technology is playing a very big role in how content is generated and consumed. But, we are neither alarmed nor perturbed as it is all a part of the evolution process. What gives us comfort is that AI is unable to create original gossipy content. And that is the news arena where we have achieved a distinction.