Barter contracting · Nariman Point

Barter contractor in Nariman Point

We run the site in Nariman Point from demolition to plaster and settle in units at 35% below market, or half in units and half in cash, or plain cash. Your drawings, our quote, 72 hours.

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Nariman Point · South Mumbai · Western line

Building in Nariman Point

Nariman Point is Mumbai's original business district: Mittal Towers, Express Towers, the Air India building and the office blocks along Marine Drive that are now forty to fifty years old.

Occupiers are banks, law firms and family offices paying the highest office rents in the country, so owners refurbish rather than sell. Owners settle against office floors or retail bays rather than flats, and structural retrofit work suits our steel-fabrication side as much as the RCC teams.

Work here is refurbishment of ageing office towers, floor-plate strengthening, façade replacement and, increasingly, conversion of office stock to serviced residences.

Access shapes the programme. Wide roads but strict daytime restrictions; material comes in at night and hoists run from the Backbay side.

Commercial plates in Nariman Point need long spans and heavy loads, so we quote conventional RCC with post-tensioned slabs, structural-steel transfer members from our own fabrication shop, and jump-form cores where the tower is tall enough.

What we offer in Nariman Point: excavation, piling, RCC and civil work quoted from your drawings and elevation, settled in flats of the same project at 35% below market, or half in flats and half on RA bills, or fully in cash.

Nariman
Nariman Point · good road access and room for a proper yard
Settlement

Three ways to pay for the work

Zero cash outflow
100%

100% barter

Entire work-order value settled in flats

Flats allotted at 35% below the project's current market rate. Best when the developer wants zero cash outflow on structure.

Most common
50/50

50% barter + 50% payment

Half in flats, half on running-account bills

Flats at 35% below market for the barter half; RA bills for the cash half. The most common structure for redevelopment schemes.

Cash

100% payment

Standard contracting on RA bills

We also take pure cash contracts on competitive item rates when the developer prefers to keep inventory.

Scope of work

Excavation to civil, in sequence

Each stage can be a separate work order or one continuous contract. Finishing is optional.

1

Excavation & shoring

Site clearance, demolition of the existing structure, debris disposal, excavation with sheet-pile or soldier-pile shoring for basements, dewatering.

2

Piling & foundation

Bored cast-in-situ piles, DMC piling, pile caps, rafts, retaining walls; pile load tests and PMC sign-off.

3

RCC structure

Columns, beams, slabs, shear walls, cores, podiums, water tanks. Conventional shuttering, Mivan (aluminium formwork) or tunnel-form as per the structural design.

4

Civil & masonry

AAC block work, internal and external plaster, waterproofing, screed, chajjas, parapets, compound wall.

5

Finishing (optional)

Tiling, sanitary and CP, doors and windows, painting, MEP coordination up to OC-ready shell or fully finished flats.

Quoting basis

How we quote in Nariman Point

Commercial plates in Nariman Point need long spans and heavy loads, so we quote conventional RCC with post-tensioned slabs, structural-steel transfer members from our own fabrication shop, and jump-form cores where the tower is tall enough.

Conventional RCC

Ply-and-prop shuttering with cast-in-situ columns, beams and slabs. Suited to redevelopment plots with irregular footprints, podium-and-tower layouts and towers up to about 25 floors. Quoted per sq ft built-up or item-rate BOQ.

Mivan / aluminium formwork

Monolithic walls and slabs cast together on a 7-day floor cycle. Suited to repetitive floor plates of 20 to 60 floors and large townships. We own formwork sets; the quote covers formwork, labour and material.

Traditional / load-bearing

Brick or block load-bearing with RCC slabs for low-rise, bungalows, row-houses and G+3 society redevelopment in the suburbs and MMR. Lowest cost per sq ft; quoted per sq ft or lump-sum.

FAQ

Barter contracting in Nariman Point: FAQ

Do you take contracting work in Nariman Point against flats?

Yes. We execute excavation, piling, RCC and civil work for projects in Nariman Point against a work order settled in flats, shops or units of the same project, valued at 35% below the project's current market rate. 50% barter + 50% payment and 100% payment contracts are also available.

Can the Nariman Point contract be 50% barter and 50% payment?

Yes, and it is our most common structure for redevelopment schemes. The barter half is settled in flats at the agreed barter rate; the payment half is billed as running-account bills against PMC certification.

What does 35% below market mean in practice for Nariman Point?

If flats in your Nariman Point project are selling at ₹30,000/sq ft carpet, we value the flats we receive at about ₹19,500/sq ft. Work-order value divided by that rate is the carpet area allotted to us, released against PMC-certified milestones.

What protection does the developer have in Nariman Point?

Flats are released only against PMC-certified work value, in tranches tied to milestones, so the developer never allots more than has been built. Escrow is available where the lender requires it.

Which floors and flats do you take in Nariman Point?

A mix agreed at signing, usually mid-floor units of the most saleable configuration in the project rather than the best or worst floors. The unit schedule is part of the barter MOU, and we can swap units by mutual consent before registration.

What happens if the Nariman Point project is delayed?

The work order carries a milestone table with float. Delays caused by approvals or the developer pause our settlement clock; delays caused by us attract liquidated damages like any cash contract. Flats already released stay released.

Who sells the flats you receive in Nariman Point?

We do, through our inventory desk, or we hold them. The developer's sales team is not involved and there is no conflict with their pricing; our units are sold at a market-linked rate, not undercut.

Process

From drawings to registered flats

01

Drawings in

Architectural and structural sets, elevation, floor plates and the RERA number. Our estimators take off quantities and build an item-rate BOQ within three working days.

02

Quote out

Per sq ft built-up or item-rate, shown for conventional RCC, Mivan or traditional as the structure allows, with barter, 50/50 and cash columns side by side.

03

Rate agreed

Flats in the same project valued at 35% below today's rate. Work-order value divided by that rate gives the carpet area we receive; the unit schedule goes into the MOU.

04

Paper signed

Work order with milestone table, barter MOU, registered agreements for sale on the allotted flats, escrow or milestone release as the lender permits.

05

Site starts

Mobilisation inside 15 days. Your PMC certifies milestones; flats release to us against certified value, RA bills cover any cash share.

Why we hold flats here

Selling what we receive in Nariman Point

Grade-A office absorption and retail demand here keep commercial units liquid, so we accept office and shop units as settlement alongside flats.

Occupiers are banks, law firms and family offices paying the highest office rents in the country, so owners refurbish rather than sell. That is the pool our inventory desk sells into, and it is why we can offer 35% below market rather than a deeper discount.

Barter calculator
Barter rate ₹/sq ft (35% below market)
Carpet area allotted (sq ft)
≈ 2 BHK units (700 sq ft)

Indicative only. Final barter rate depends on stage, floor, view and RERA status.

Also serving

Neighbouring areas

Material supply on barter in Nariman Point:

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Nariman Point structure, settled in units.

Quote from drawings in 72 hours. 35% below market on barter flats, or 50/50, or cash.

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