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Bombay HC: 2019 GR Directory Redevelopment Guidelines Not Mandatory

MUMBAI: The Bombay High Court has dismissed a petition from a member of a Goregaon (W) housing society who contested the appointment of a builder for redevelopment without a tender process, as per a government resolution from July 2019. “This court has previously determined that the July 4, 2019 GR is not mandatory but rather directory in nature. The guidelines aim to ensure a fair and transparent redevelopment process. Thus, any deviation or procedural lapse does not automatically constitute an actionable wrong unless it violates the intent of the directives or a statutory requirement,” stated Justices Suman Shyam and Manjusha…

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Ashwin Sheth Group Buys 4.05 Acres in Goregaon West, Mumbai

NEW DELHI: Ashwin Sheth Group has secured development rights for a 4.05-acre site from Mhada and intends to launch a residential project in Siddharth Nagar, Goregaon West, Mumbai. The project, with a gross development value (GDV) of ₹3,800 crore, will comprise five towers, including four 44-floor towers and a distinctive 60-floor tower, along with dedicated retail space. The development will provide approximately 12 lakh sq ft of carpet area, featuring 2, 3, and 4-bedroom residences ranging from 800 to 1600 sq ft. Published On Jul 18, 2025 at 01:00 PM IST Join over 2M industry professionals. Subscribe to our newsletter…

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Arkade Developers buys Filmistan for ₹183 crore

Sure! Here’s a rewritten version of the content: AI-generated Representative Image NEW DELHI: Arkade Developers, based in Mumbai, has finalized a binding agreement to acquire a 100% stake in Filmistan for ₹182.95 crore. This acquisition will allow the company to develop a four-acre residential project on the site of Filmistan Studios in Goregaon West. Amit Jain, the company’s Chairman and Managing Director, stated, “We are focused on expanding our presence in the western suburbs, with several launches scheduled for early 2026.” The upcoming luxury project, set to launch in 2026, is projected to generate a gross development value (GDV) of…