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Even after the disintegration of mill culture in Mumbai, NTC mill still has 1,377 acres of land in Central Mumbai after selling most of its property to private builders. The central and state institutions of Life Insurance Corporation of India, Income Tax offices and banks hold most of slum areas of Dharavi.

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Sale of excess land of textile mills owned by it in Mumbai and other cities has helped NTC raise huge sums in recent years. The state-owned corpora-tion has sold surplus land of over 70 mills owned by it in different states, fetching it over US$ 800 million. In Mumbai alone, NTC …

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May 15, 2007· By Probir Pramanik, IANS, [RxPG] Mumbai, Feb 13 - The state-run National Textile Corporation - has decided to put four more mills in central Mumbai up for auction, a move that could push real estate prices through the roof. The NTC's proposed auction of four mills in Worli and Parel could raise real estate prices in central Mumbai because developers are expected to bid 'higher than …

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About NTCL. National Textile Corporation Limited, (NTC) is a schedule "A" public sector company under the ambit of Ministry of Textile, Government of India, engaged in production of yarn and fabric through its 23 mills in operation, located all over India with 8.2 lac spindles and 408 looms producing around 550 lac kgs of yarn and 200 lac meters of fabric per annum.

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MUMBAI: Sensing that it can once again go in for the kill by taking advantage of the booming property market, the National Textiles Corporation (NTC) has put one of its central Mumbai properties ...

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Bangalore: The state-owned National Textile Corp. (NTC) plans to use around Rs600 crore of the money it raised by selling land to build four new mills which, it claims, will use the latest equipment.

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Girangaon (literally "mill village") was a name commonly used to refer to an area now part of central Mumbai, India, which at one time had almost 130 textile mills, with the majority being cotton mills.The mills of Girangaon contributed significantly to the prosperity and growth of Mumbai during the later nineteenth century and for the transformation of Mumbai into a major industrial metropolis.

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Mar 25, 2017· Sale of NTC mills legal: SC ... of Dr Babasaheb Ambedkar near Chaityabhoomi in central Mumbai with the 12 acres of Indu Mill land being formally transferred to the state government today ...

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