'...yet struggles to convert that human capital into domestic productivity.'
'Developers have started offering 70% to 100% extra area and beyond.' 'If the market cycle shifts -- as many are already predicting with signs of price saturation and reduction -- most recent redevelopment projects will unravel.'
The land pooling policy aims to kick-start a new wave of urbanisation in the predominantly rural state.
Adani Properties Pvt Ltd (APPL) has emerged as the highest bidder for the redevelopment of Motilal Nagar in Mumbai, offering more built-up area than its nearest rival, L&T. This will be the second mega redevelopment project of Adani Group in Mumbai, after the Dharavi slum redevelopment project. The total estimated redevelopment cost of Motilal Nagar is around Rs 36,000 crore, and the rehabilitation period is seven years from the project start/commencement date. The project will rehabilitate 3,372 residential units eligible under MHADA, 328 eligible commercial units and 1,600 eligible slum tenements.
After the Dharavi slum redevelopment project, billionaire Gautam Adani's group has emerged as the highest bidder for the Rs 36,000 crore redevelopment of Motilal Nagar in Mumbai, sources said. Motilal Nagar I, II & III is one of Mumbai's biggest housing redevelopment projects, covering 143 acres in western suburb of Goregaon (W).
The Supreme Court on Wednesday rejected the Centre's plea for prospective effect of its July 25 verdict, which upheld the power of states to levy tax on mineral rights and mineral-bearing land, and allowed them to seek refund of royalty from April 1, 2005 onwards.
This plot, allotted to Sunil Gavaskar Cricket Foundation Trust, was returned to the state government by the cricket legend in May 2022.
Maharashtra Chief Minister Eknath Shinde on Sunday said the state assembly polls are expected to be held in the second week of November and seat-sharing among the ruling allies would be finalised in the next 8 to 10 days.
In a significant verdict, the Supreme Court by a majority of 7:2 on Tuesday held all private properties cannot form part of "material resources of the community" empowering states to take them over for distribution to serve "common good" under the Constitution.
Former mill workers from the city and their family members queue to prove their work history in the city to become eligible for subsidised housing provided by the government agency, MHADA.
While political experts claim that the Modi Magic is missing in the 2024 general election, the common people in the street -- at least those in the crowd on Thursday -- vow that they will vote for Modi and the candidate who contests the election doesn't matter much.
The MHADA, which comes under Awhad's ministry, had requested Gavaskar to return the unused plot.
'Gautam Adani will not be able to step inside Dharavi.' 'We will ensure Adani will not get what he wants.' 'Adani has no reason to do politics with people of Dharavi but he is still doing it.'
Farmers organisations and pro-Kannada organisations staged protests in Mysuru, Mandya, Bengaluru and other parts expressing their anger and urging the state government not to release water to Tamil Nadu.
If they are made accountable, bad loan cases will shrink dramatically, recoveries will rise, and the NCLT process will be more manageable, asserts Debashis Basu.
A special court in Mumbai on Wednesday granted bail to Shiv Sena member of Parliament Sanjay Raut in a money laundering case pertaining to the Patra Chawl redevelopment project.
The Enforcement Directorate (ED) has summoned Varsha Raut, wife of arrested Shiv Sena MP Sanjay Raut, for questioning in a money laundering investigation linked to alleged irregularities in the redevelopment of a local 'chawl' and linked transactions, officials said on Thursday.
Raut has been asked to depose at the agency's regional office in Mumbai.
Shiv Sena member of Parliament Sanjay Raut skipped appearing before the Enforcement Directorate (ED) in Mumbai on Wednesday for questioning in a money-laundering case, citing his engagement with the ongoing Parliament session in Delhi, sources said.
The court allowed Raut's plea for home food and medicines, but refused to pass an order on his prayer for bedding.
Uddhav claimed that splits were engineered in many parties using central agencies and arrests were made illegally.
While extending the custody, the court noted that the ED has made 'remarkable progress' in the investigation.
He also said that it had been decided to give the houses to the MLAs at a certain price and not free of cost.
The ED probe pertains to alleged financial irregularities in the redevelopment of Patra Chawl, a tenement, and related financial transactions involving his wife and associates.
Maharashtra Housing Minister Jitendra Awhad on Wednesday said legendary batsman Sunil Gavaskar should utilise a government plot allotted to him in Mumbai by setting up a cricket academy and maintained in the past he had thought of taking back the prime piece of land.
A special court in Mumbai on Monday remanded Shiv Sena leader Sanjay Raut to the custody of the Enforcement Directorate (ED) till August 4 in a money laundering case.
More than 500 people, including women, from Mumbai and neighbouring Thane and Navi Mumbai gathered over the last 20 days at the government plot spread in several acres on JVLR Link Road in Tagore Nagar of Vikhroli.
The Enforcement Directorate (ED) has issued fresh summons to Shiv Sena MP Sanjay Raut asking him to appear on July 1 for questioning in a money laundering case linked to the re-development of a Mumbai 'chawl' and other related financial transactions involving his wife and friends, officials said.
The ill-fated building had been partly vacated for repairs by Maharashtra Housing and Area Development Authority, BMC sources said.
While two persons died after a portion of a `chawl' (tenement) collapsed in suburban Malvani, two others were killed after part of an old building collapsed in south Mumbai's Fort area, civic officials said.
Property buyers fund the project cost and the entire debt and entire equity servicing, and yet, have no locus standi in the IBC process, points out Debashis Basu.
The rescuers had to make hectic efforts to remove the mangled frames of furniture, including large sofas, from the rubble at the mishap site.
Maharashtra Chief Minister Prithviraj Chavan plans to overhaul the Rs 15,000-crore Dharavi redevelopment project. Chavan - who has already flagged what he called an "unholy nexus" among builders, politicians and middlemen in the wake of the Adarsh housing society scam - now wants state-run Maharashtra Housing & Area Development Authority (Mhada) to carry out the big-ticket project.
Questions raised on discrepancies in land rates in West Bengal.
Mhada presently has only Mumbai and Nashik cities in mind. If it takes off here, the thinking is to extend this to Pune and Aurangabad, and then elsewhere, if a common formula could be arrived at.
A case has been registered against two shop owners after a portion of a four-storey residential building collapsed in Mumbai on Tuesday evening.According to the police, Yunus Kasam Memon and Irfan Yusuf Memon, who own a shop of mobile handset covers, had allegedly added a staircase without seeking permission. This led to collapse of the building 'Yusuf Manzil' at Lamington Road.Meanwhile, an 85-year-old woman, who was seriously injured in the collapse, died on Tuesday.
Narrow lanes and bylanes, small houses, unhygienic living conditions, common toilets and several other factors are responsible for the easy spread of COVID-19 in Dharavi, apart from non-adherence to social distancing norms.
Six buildings have also come up on the land under the slum rehabilitation scheme, it said.
MHADA has earned Rs 8.82 million. With a single form available for Rs 100, the housing body is expecting to sell anything between 70,000 to 100,000 forms per day, sources said. As many as 88,222 forms were sold across the 21 branches of HDFC Bank on Monday, the first day for the sale of forms for the 3,863 MHADA flats across the city, official sources said. HDFC Bank has been appointed as the official seller and receiver of the forms.
A case has been lodged against UB group chairman Vijay Mallya by farmers allegedly for forgery in the Patna district police on Thursday said.
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