Three months after its record-breaking land deals, the Mumbai Metropolitan Region Development Authority is going in for another mega auction
Breaking the nearly three-decade-old dominance of the undivided Shiv Sena, the Bharatiya Janata Party on Friday emerged victorious in the Brihanmumbai Municipal Corporation (BMC) elections, and also vanquished the alliance of Nationalist Congress Party factions led by Sharad Pawar and Ajit Pawar in the Pune civic body.
World Bank is likely to give Mumbai projects Rs 275 crore less, in wake of the appreciation of rupee against the dollar.
A consortium of six banks led by IDBI will finance the project to the tune of Rs 1,194 crore (Rs 11.94 billion), Rs 512 crore (Rs 5.12 billion) will be raised through equity while Rs 650 crore (Rs 6.5 billion) will come from the MMRDA as capital subsidy. The closure is unique in many ways as nearly Rs 200 crore (Rs 2 billion) have been spent on the project before the financial closure.
Taking a cue from neighbouring Gujarat and its successful Vibrant Gujarat summit, Maharashtra has organised a conclave -Transforming MMR into a Global Financial, Commercial and Entertainment Hub - on February 6.
More than 21 hours after a huge billboard collapsed in Mumbai's Ghatkopar area due to gusty winds and unseasonal rains, killing at least 14 persons and injuring 75 others, the search and rescue operation is still on, civic officials said on Tuesday.
MMRDA official said that it was already in talks with the World Bank to get funding for the MTHL project.
One person was killed and one injured seriously when a rotary piling machine, working on the metro rail project site of the Mumbai Metropolitan Region Development Authority, toppled over on an auto-rickshaw on Wednesday morning, crushing the passenger to death and grievously injuring the driver
At least 14 workers were injured after a girder of an under-construction flyover at MTNL junction in suburban Bandra Kurla Complex in Mumba collapsed early on Friday, civic officials said.
'Every delay directly increases the cost burden on developers. Land holding charges, financing costs, and compliance expenses escalate as approvals drag on.'
Following the success of the Rs 4,050-crore Wadala land deal in central Mumbai, at least three government agencies are planning to sell plots worth at least Rs 60 billion (Rs 6,000 crore) in the next two months.
Red signal for Mumbai Metro Phase II.
Many government departments, including Mumbai Metropolitan Region Development Authority, Revenue and Forest, Brihanmumbai Municipal Commission, Home, Environment Ministry, Public Works Department and Uran Land department, were issued summons directing them to produce before the commission, all documents pertaining to the scam-hit Adarsh Society on Monday. However, except BMC, all the departments sought one week's time to submit all the files along with an index.
Bollywood veteran actor Anupam Kher visited Mumbai Metropolitan Region Development Authority to express his support to Team Anna and passage of Jan Lokpal Bill. Toral Varia Deshpande speaks to Anupam Kher.
The Army unit deployed in Ashti successfully evacuated 40 people with the help of an NDRF team and other agencies.
Hazare, who reached Mumbai on Monday night from his village Ralegan Siddhi, paid respects at Mahatma Gandhi's statue in Juhu before proceeding to the fast venue, MMRDA ground, in suburban Bandra in a rally.
Mumbai Metro One to continue with discounted fares till Nov 30.
The security at the ground of Mumbai Metropolitan Regional Development Authority in suburban Bandra-Kurla Complex will comprise 2,000 constables, 200 sub-inspectors of police, six platoons of state reserve police force, three teams of Quick Response Team and two Bomb Detection and Disposal Squads.
The Mumbai Metropolitan Region Development Authority (MMRDA) on Friday said it has initiated an enquiry into Thursday night's mishap where two girders of an under-construction bridge on Eastern Freeway collapsed leading to the death of one person and injuring eight others.
Members of the controversial Adarsh Housing Society on Monday approached the Bombay high court, challenging the cancellation of the Occupation Certificate and the cut in electricity and water supply. The Society's occupation certificate was cancelled by the Mumbai Metropolitan Region Development Authority and its power and water supplies were cut by the civic body on November 3 after it was revealed that the building was constructed in alleged violation of civic rules.
Coming down heavily on Team Anna's agitation, the Bombay high court on Friday said it can't allow "parallel canvassing" when Parliament is seized with debate on Lokpal Bill and questioned its decision to seek exemption from charges to use MMRDA grounds for Anna Hazare's proposed fast.
MMRDA is set to sell 5 more properties in BKC after receiving record bids for plot earlier. Out of the 5 plots, 2 are meant for residential structures while 2 are for commercial places and one for a gymnasium.
Anna Hazare, who is suffering from fever, on Tuesday refused to give up his fast despite requests from close aides.
Check out the winners and the entertainers of two star-studded nights.
Starlight Systems, a unit of Piramal Sunteck Realty, has sought a four-year staggered payment option to pay Rs 496 crore (Rs 4.96 billion) for two plots it won in the financial district of Mumbai in the last financial year.
According to the government, the additional chief secretary of the state housing department is designated to sign an agreement with the Union government for the land lease transfer.
The Mumbai Metropolitan Region Development Authority on Tuesday received huge response for its Iconic Tower in Wadala (a Mumbai suburb) with Lodha Crown Buildmart Pvt Ltd quoting more than double the reserve price of Rs 40,000 per sq mt.
This is despite a 10 per cent rise in the average weekday ridership.
The civic body had come under severe attack in June.
This will facilitate availability of at least 2,400 more beds for patients in the city, the BMC said.
Reliance Infrastructure on Thursday announced the cancellation of Rs 12,000 crore (Rs 120 billion) Mumbai's Metro Line 2 project citing non-fulfillment of certain obligations by Maharashtra government.
There is a need to have a 'CEO for Mumbai' in order to realise the ambition of making it a global financial centre.
15 to 25 per cent of property registrations in Mumbai come from redevelopment, with over 3,500 projects approved by May 2024.
Pressure is mounting on Reliance Infrastructure to change the name of metro rail project, with a senior minister in the Congress-NCP led Maharashtra government joining the chorus of Opposition leaders making similar demand.
Town planning authority MMRDA on Tuesday said that nearly 150 patients at its COVID facility in Bandra Kurla Complex (BKC) have been shifted to another location as a precaution in the wake of the Nisarga Cyclone which is expected to make a landfall close to the city on Wednesday.
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