A carpenter and the owner of a small construction firm have been renting out one of the newest developments in Mumbai’s Marina Bay neighbourhood.
According to the owner, it is the first time in Mumbai that he has rented out a building in his area.
“It is the largest rental house in the area and the only one that is rented out by the owner.
The owner was originally planning to build a residential complex on the site.
He realised that he could do a better job with the space that he was given,” said Ravi Shrestha, a partner at a Mumbai-based development consultancy.”
He has rented this building from us and we have offered him a lot of money.
He has been making us a lot,” said Shrestra.”
We are looking forward to building his house in our area,” said the owner who has rented the land out to the firm for around six months.
Shrestha said the firm is looking to raise money to build the house and also have it converted into a residential development.
The firm has so far offered the owner a two-bedroom flat with a kitchen and bathroom, while the building itself is only one-bedroom with a bedroom.
“The building is quite new and it is being used as a commercial space.
It is also a rental house,” said a firm official.