Tag: Mumbai

Latest StoriesResidential

Mumbai’s Dadar Parsi Colony: Redevelopment Meets Timeless Charm

MUMBAI: In the 1920s, municipal corporator and civil engineer Muncherji Edulji Joshi envisioned a housing project for Parsi families in Dadar, aiming to create a model neighbourhood featuring two-storey buildings surrounded by gardens and open spaces. A century later, redevelopment has gradually infiltrated this lush residential area, known as Dadar Parsi Colony (DPC). Ironically, Joshi’s statue stands near a towering residential building behind it. The historic Daruwala House, a Parsi-only two-storey structure, was transformed into Nirvan Tower around a decade ago, while across the street, Dossal House was demolished to make way for the 21-storey Della Tower, designed by architect…

Latest StoriesResidential

Worli Residents Protest SRA’s Plan to Terminate Developer

MUMBAI: Residents of Worli’s Sagar Darshan and Chaitanya Sai Janata Colony SRA Housing Societies protested on Sunday against the Slum Rehabilitation Authority’s (SRA) decision to terminate the current developer. This decision comes just over a year after the issuance of a Letter of Intent (LoI) and amid attempts to appoint a new developer. According to slum tenants, the termination of the LoI granted to Chintaharni Chintpurni Realtors in October 2024 threatens the livelihoods of 2,500 families. Some residents warned that if the SRA proceeds with its plan, they would boycott the upcoming BMC elections. These two slum projects fall within…

Latest StoriesRegulatory

Govt Bodies Owe BMC Over ₹3,000 Crore in Property Taxes: RTI

MUMBAI: Government departments and public agencies owe the BMC over ₹3,000 crore in property tax, with the civic body managing to recover only ₹243 crore in the last five years, according to data disclosed by the BMC under the Right to Information (RTI) Act. The information was revealed in response to an RTI inquiry from civic activist and advocate Godfrey Pimenta, who sought to understand why “honest taxpayers should bear the burden” while government entities fail to fulfill their property tax obligations. The BMC’s reply dated December 12, 2025, indicates that as of October 31, 2025, the property tax arrears…

IndustryLatest Stories

Keystone Realtors’ ₹3,000 Crore Housing Project in Mumbai Next Month

NEW DELHI: Keystone Realtors, a prominent real estate firm, is set to unveil a super luxury residential project in Mumbai next month, projected to generate approximately ₹3,000 crore in revenue, according to a senior company official. Based in Mumbai, Keystone Realtors operates under the Rustomjee brand and is recognized as one of India’s leading real estate developers. In a recent interview with PTI, Boman Irani, Chairman and Managing Director of Keystone Realtors, expressed a strong optimism regarding housing demand. He is confident that the sales bookings target of ₹4,000 crore for the current fiscal year will easily be met. The…

IndustryLatest Stories

Mumbai Builder Accused of Cheating Investor in Mira Road Deal

MUMBAI: Neeraj Vora, Director of Aiko Builders Pvt Ltd, has been accused of cheating a construction businessman from Vasai out of crores in a real estate transaction involving land in Mira Road. The Manikpur police filed an FIR against Vora for charges including cheating and forgery. Complainant Akash Gupta claims that in 2021, Vora solicited funds for the development of a 2-acre, 25.75-guntha property at Mira Road, assuring him of 100,000 sq ft at Rs 2,970 per sq ft. Vora allegedly claimed ownership and indicated that a total investment of Rs 30 crore was necessary. An MoU was signed on…

Latest StoriesRegulatory

Court Denies ARC’s Request for DSK Property Auction

MUMBAI: A special Prevention of Money Laundering Act (PMLA) court has denied a request from Encore Asset Reconstruction Company Pvt Ltd (ARC), a secured creditor, to release and auction properties tied to the Deepak Sakharam Kulkarni (DSK) group case. The judge highlighted that the properties in question were not only seized by the Enforcement Directorate (ED) under the PMLA but were also under the state’s attachment pursuant to the Maharashtra Protection of Interest of Depositors (MPID) Act. Judge R B Rote remarked, “Considering the circumstances, the applicant cannot vacate the attachment on mortgaged properties nor proceed with the auction. This…

Latest StoriesRegulatory

BMC Uncooperative in SIT Probe of CRZ Maps Forgery, HC Told

MUMBAI: The Brihanmumbai Municipal Corporation (BMC) is hindering the inquiry into extensive land record tampering allegedly involving public officials who created numerous fraudulent city survey maps in Madh Island, according to the Special Investigation Team (SIT) during a hearing at the Bombay High Court on Tuesday. A bench comprising Justices A.S. Gadkari and R.R. Bhonsale examined the SIT’s findings and witness statements alleging bribery among civic officials, as highlighted by petitioners. The court queried the public prosecutor about the absence of action against the implicating BMC officers despite available prima facie evidence. The prosecutor indicated that inadequate cooperation from BMC…

Latest StoriesResidential

Mumbai: Thousands in Dharavi to Relocate to Transit Homes

MUMBAI: A few thousand residents of Dharavi will need to relocate to temporary or rental accommodation as part of the Dharavi Redevelopment Project (DRP), according to Mahendra Kalyankar, CEO of the Slum Rehabilitation Authority (SRA) and in charge of the DRP. This statement contradicts previous commitments for key-to-key rehabilitation. Kalyankar emphasized that such relocations are a part of any extensive urban regeneration effort. “Our immediate goal is to initiate construction and commence rehabilitation as soon as possible,” he stated. The SRA/DRP has recently delivered eviction notices to 42 residents of Meghwadi-Ganesh Nagar in Sector 1 to facilitate the laying of…

Latest StoriesResidential

Parel Residents Protest ‘Polluting’ SRA Construction Site

MUMBAI: A residents’ forum in Parel has raised concerns with the Maharashtra Pollution Control Board (MPCB) regarding pollution control rule violations at a Slum Rehabilitation Authority (SRA) project site. The Parel-Bhoiwada Residents Federation reported that excavation and other activities often continue until 2 AM, while essential dust control measures are neglected. “There are no sprinklers or tarpaulin,” stated local resident Atul Jaywant. He expressed frustration over repeatedly lodging complaints with police and other authorities, noting, “Each time, the work halts for a few days before it resumes.” MPCB public relations officer Sanjay Bhuskute indicated that while the BMC can issue…

Latest StoriesRegulatory

Bombay HC Nullifies ₹600 Crore Bandra Bungalow Probate

MUMBAI: The Bombay High Court has annulled a probate granted eight years ago concerning the landmark ‘Marina Manor’ bungalow in Bandra, valued at over Rs 600 crore. The court determined that the probate was secured through the concealment of important facts and false statements regarding the deceased’s family. This ruling, issued on December 11 by Justice Sharmila U Deshmukh, followed a petition filed under Section 263 of the Indian Succession Act. The court revoked the probate initially granted in November 2017 to Marina Manuel Fernandes for a will dated November 8, 2014, allegedly belonging to Marie Joseph Fernandes, who died…