Dharavi Evictions Loom Despite ‘Slum to Rehab’ Promises
NEW DELHI: Sri Lotus Developers and Realty Ltd has reported an 8% decrease in consolidated net profit to Rs 46.36 crore for the September quarter, down from Rs 50.47 crore during the same period last year. Conversely, total income surged to Rs 188.81 crore in the July-September timeframe, up from Rs 125.08 crore a year earlier, according to a regulatory filing. The Mumbai-based firm has finalized four projects totaling over 4.2 lakh sq ft of carpet area, with six projects currently in progress and 12 more planned, covering approximately 27.6 lakh sq ft of carpet area and about 20.5 lakh…
MUMBAI: The Bombay High Court has dismissed a petition filed by two societies representing the Koli community from Danda Koliwada, a fishing village in Khar West. The petition challenged a court-appointed committee’s determination that slum redevelopment would not negatively impact their activities. Justices Makarand Karnik and Shriram Modak remarked that the societies’ challenge to the committee’s findings and requested reliefs involved intricate fact-finding and the need to evaluate evidence. They noted, “Hence the dispute raised by the petitioners can only be resolved before the competent civil court, and it is not possible for us to examine such disputes under writ…
MUMBAI: Neeraj Vora, the director of Aiko Builders Pvt Ltd, has been accused of defrauding a construction entrepreneur in Vasai of Rs 30 crore related to a real estate transaction concerning a plot in Mira Road. The Manikpur Police registered a First Information Report (FIR) against Vora on allegations of cheating and forgery. The complainant, Akash Gupta, reported that in 2021, Vora approached him for funding to develop a two-acre parcel of land at Mira Road, promising allocation of 1 lakh sq ft at a price of Rs 2,970 per sq ft. Vora purportedly claimed to own the land and…