Tag: Mumbai housing scam

IndustryLatest Stories

MLA Claims ₹2,000 Crore Housing Scam in Mumbai; Audit Ordered

MUMBAI: On Tuesday, the Maharashtra government initiated a vigilance audit following allegations from a BJP MLA regarding a ₹2,000 crore scam in housing schemes in Mumbai. The audit report is anticipated within 30 days, as shared by Minister of State for Urban Development, Madhuri Misal, in the legislative assembly. Steps will be taken against Brihanmumbai Municipal Corporation (BMC) officials if it is found that they overlooked any rule violations committed by developers. Mihir Kotecha, BJP MLA from Mulund, brought this issue to light through a calling attention motion, stating that developers have exploited provisions under Development Control Regulations (DCR) 33(11)…

IndustryLatest Stories

Hutment Sale Scam Resurfaces for HDIL

MUMBAI: The Economic Offences Wing (EOW) of the Mumbai Police has uncovered an alleged housing scam involving Rs 150 crore. Home possession documents intended for approximately 1,000 residents of slum rehabilitation were reportedly sold to third-party buyers. The company at the heart of this alleged scheme is Housing Development and Infrastructure Ltd (HDIL) Group. The EOW investigation suggests that top executives of HDIL might be involved, although the firm’s lawyers have refuted this claim to Mirror. The EOW filed its chargesheet on Thursday, naming HDIL promoters the Wadhwans and their associates while also awaiting the Slum Rehabilitation Authority’s (SRA) feedback…