Supply of structural steel to Matunga projects, priced at daily Mumbai rates and settled in flats or units instead of cash.
Redevelopment buildings here use structural steel for staircases, canopies, railings and the occasional transfer beam.
Matunga is the Five Gardens, the Ruia and Podar campuses, the South Indian belt around King's Circle and the Parsi Colony, with well-kept 1930s to 60s societies on tree-lined roads.
Society redevelopment into 12 to 20-storey buildings with 2 and 3 BHKs; heritage-precinct rules apply around the Five Gardens and Parsi Colony.
Members up to 9 m on 10-wheelers at night, crane-erected; larger girders are fabricated in two pieces and bolted.
South Indian, Gujarati and Parsi families from the same societies; buyers are conservative and want a known contractor. That is who our inventory desk sells to when we take units here, which is why material-only barter in Matunga is typically 10–18% below the developer's rate rather than deeper.
Bundled with contracting in Matunga, the flats are taken at 35% below market and one work order covers structure and material.
Flats allotted at 35% below the project's current market rate. Best when the developer wants zero cash outflow on structure.
Flats at 35% below market for the barter half; RA bills for the cash half. The most common structure for redevelopment schemes.
We also take pure cash contracts on competitive item rates when the developer prefers to keep inventory.
| Sections | ISMB, ISMC, ISA, MS plates 5–50 mm, RHS/SHS, chequered plates, GI/HR coils |
|---|---|
| Fabrication | Cut, drill, weld, primer; PEB sheds, staircases, grills, railings, sky-walks |
| Brands | SAIL, JSW, Jindal, Tata Structura, APL Apollo, Steel Mills and Suppliers Stocks alloy stock |
| Lot size | 5 MT minimum; project supply 100 to 3,000 MT |
| Pricing basis | Per kg delivered, fabrication per kg or per item |
| Documents | Mill TC, fabrication drawings, GST invoice |
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.
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.
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.
Work order with milestone table, barter MOU, registered agreements for sale on the allotted flats, escrow or milestone release as the lender permits.
Mobilisation inside 15 days. Your PMC certifies milestones; flats release to us against certified value, RA bills cover any cash share.
Yes. We supply structural steel to projects in Matunga and settle against flats, shops or units of the same project at an agreed barter rate, with GST invoices on every delivery and a registered agreement for the allotted units.
Mill TC, fabrication drawings, GST invoice. Everything is mapped to the agreement ledger and reconciled monthly against the allotted value.
Material rates are either locked per delivery or reset monthly against a published index; the barter rate for units is locked for the supply period. Both mechanisms are written into the MOU.
We do. Once a unit is released to us against delivered value, selling it is our problem, not the developer's. The developer's sales pricing is not affected.
SAIL, JSW, Jindal, Tata Structura, APL Apollo, Steel Mills and Suppliers Stocks alloy stock. The brand is fixed in the MOU; substitutions only with written approval from your PMC.
5 MT minimum; project supply 100 to 3,000 MT Smaller requirements can be clubbed with a neighbouring site in Matunga if the timing works.
Other services in Matunga:
Send the BOQ and the units you can allot. Proposal in 48 hours.