Supply of structural steel to Nariman Point projects, priced at daily Mumbai rates and settled in flats or units instead of cash.
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.
Work here is refurbishment of ageing office towers, floor-plate strengthening, façade replacement and, increasingly, conversion of office stock to serviced residences.
Full-length girders and PEB frames on trailers, mobile-crane erected; site welding and grouting by our own crew.
Commercial towers here use long-span steel, composite decks and PEB for parking; this is our largest structural-steel market.
Occupiers are banks, law firms and family offices paying the highest office rents in the country, so owners refurbish rather than sell. That is who our inventory desk sells to when we take units here, which is why material-only barter in Nariman Point is typically 8–15% below the developer's rate rather than deeper.
Bundled with contracting in Nariman Point, 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 |
Send architectural and structural drawings, elevation, floor plates and the RERA number. We take off quantities and build an item-rate BOQ.
Quote per sq ft built-up or item-rate, separately for conventional RCC, Mivan or traditional as the structure demands. Barter, 50/50 and cash options side by side.
Flats in the same project are valued at 35% below the current market rate. Work-order value ÷ barter rate = carpet area allotted to us.
Work order with milestone table, barter MOU and registered agreements for sale on the allotted flats. Escrow or milestone release as your lender permits.
Mobilise in 15 days. Milestones certified by your PMC; flats released to us against certified value, RA bills for any cash component.
Yes. We supply structural steel to projects in Nariman Point 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.
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.
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.
Yes. Units are allotted under the project's MahaRERA registration through a registered agreement for sale and appear in your quarterly RERA filing. We work only with RERA-registered projects or projects where registration is in process.
Yes. Any ratio works; many developers settle finishing-stage material in cash and structure-stage material in units.
Full-length girders and PEB frames on trailers, mobile-crane erected; site welding and grouting by our own crew.
Other services in Nariman Point:
Send the BOQ and the units you can allot. Proposal in 48 hours.