It can happen only in Japan - YES, BUT...
Business Standard|June 22, 2024
So, there is a street in Kunitachi, a district of western Tokyo, called Fujimidori-Street With a View of Mount Fuji.
SANDEEP GOYAL
It can happen only in Japan - YES, BUT...

On it, a building called Grand Maison Fujimidori was being constructed. But then suddenly, the developers, Sekisui House, announced that instead of putting the finishing touches on the building that was scheduled for a July handover, they were going to bring down the building! But why? The upcoming building was blocking the view of Mount Fuji from the street that was famous for just that. Sekisui House said that as the construction progressed, they saw the actual effect the building had on the view, and they "have come to the decision to prioritise the view from Fujimidori and are voluntarily cancelling the construction project." That can happen only in Japan.

Now to the back story. A number of residents who already lived in the Fujimidori neighbourhood weren't happy about the negative impact the condominium proposed would have on the vista of a street named for its nice view of the revered mountain.

Shortly after Sekisui House announced the project in February of 2021, complaints from locals started pouring in.

Denne historien er fra June 22, 2024-utgaven av Business Standard.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra June 22, 2024-utgaven av Business Standard.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA BUSINESS STANDARDSe alt
Trade on road to recovery but Indian firms tread cautiously
Business Standard

Trade on road to recovery but Indian firms tread cautiously

The concluding part of the series highlights stabilising trade ties with Dhaka, but payment delays anda complex bilateral environment remain major concerns

time-read
4 mins  |
October 05, 2024
Business Standard

DoT launches new system to block fraud international calls

The Department of Telecommunications (DoT), in collaboration with Telecom Service Providers (TSPs), has introduced an advanced system designed to identify and block incoming international spoofed calls before they can reach Indian telecom subscribers.

time-read
1 min  |
October 05, 2024
PM to launch infra projects, agri schemes in Maha today
Business Standard

PM to launch infra projects, agri schemes in Maha today

Prime Minister Narendra Modi will on Saturday inaugurate infrastructure projects worth ₹32,180 crore in election-bound Maharashtra.

time-read
1 min  |
October 05, 2024
The shrinking presence of smaller parties in Haryana Assembly polls
Business Standard

The shrinking presence of smaller parties in Haryana Assembly polls

Since 2014, Haryana's electoral politics has seen smaller parties cede their vote shares to the Bharatiya Janata Party (BJP) and the Congress, a trend that these political parties would hope to buck in this Assembly polls.

time-read
1 min  |
October 05, 2024
Business Standard

DMart stock slips despite strong showing in Q2

Mixed response from brokerages; company had 377 stores till Sep 30

time-read
2 mins  |
October 05, 2024
Business Standard

Jio Fin-BlackRock JV gets Sebi approval for MF entry

Jio Financial Services' joint venture with BlackRock to enter the mutual fund (MF) space in India has received the nod from the Securities and Exchange Board of India (Sebi), the firm stated in an exchange filing on Friday.

time-read
1 min  |
October 05, 2024
Business Standard

HDFC BANK'S MSCI WEIGHT SET TO RISE

India's largest private sector lender HDFC Bank is poised to see its weighting increase further in global services provider MSCI indices due to its expanded foreign portfolio investor (FPI) investment headroom.

time-read
1 min  |
October 05, 2024
"The mother of all bear mkts in equities is dead"
Business Standard

"The mother of all bear mkts in equities is dead"

Developments in West Asia have triggered a panic-like situation across global equity markets. SHANKAR SHARMA, founder of wealth management firm GQuant Investech, spoke with Puneet Wadhwa in New Delhi about escalating tensions between Israel and Iran. Edited excerpts:

time-read
3 mins  |
October 05, 2024
Business Standard

Higher e-auction share crucial for Coal India stock

Coal India (CIL) has reported a production of 51 million tonnes (mt) for September, up 10.4 per cent month-on-month (M-o-M), but down 1 per cent year-on-year (Y-o-Y).

time-read
2 mins  |
October 05, 2024
Business Standard

Sebi proposes measures to boost retail participation in G-Sec mkt

The Securities and Exchange Board of India (Sebi) is considering initiatives to promote retail participation in government securities (G-Secs) through stock brokers.

time-read
1 min  |
October 05, 2024