Tag: Mumbai

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…

Latest StoriesResidential

MTNL board okays ₹350.72 crore sale of BKC block to Nabard

Representative AI image NEW DELHI: The board of Mahanagar Telephone Nigam Ltd (MTNL), a state-run entity, has sanctioned the sale of its residential property block in Bandra Kurla Complex (BKC), Mumbai, to NABARD for ₹350.72 crore through a government-to-government direct sale, as stated in a BSE filing on Monday. The National Bank for Agriculture and Rural Development (NABARD) will cover the stamp duty, registration fees, and any associated charges, while MTNL will be responsible for any dues prior to the transfer and the NLMC (National Land Monetisation Corporation) fee outlined in a letter of undertaking dated June 29, 2025. MTNL’s…

Latest StoriesResidential

AAI Radar Relocation to Free Land for Affordable Housing in Dahisar

MUMBAI: The Airports Authority of India (AAI) will relocate its high-frequency radar from Dahisar to Gorai, freeing up hundreds of acres for affordable housing projects, announced Civil Aviation Minister K. Rammohan Naidu on Sunday. This decision follows a meeting involving the Civil Aviation Ministry, the Maharashtra government, and various stakeholders. During a virtual meeting, Naidu stated that the ministry will seek cabinet approval for the relocation to expedite the start of construction on these housing projects. Current radar installations in Dahisar and Juhu limit building heights. On Saturday, Maharashtra Chief Minister Devendra Fadnavis revealed in the legislative assembly that the…

Latest StoriesRegulatory

Mumbai’s BMC Halts Prestige Towers for Air Pollution Violations

Representative AI image MUMBAI: The Brihanmumbai Municipal Corporation (BMC) has issued a stop-work notice to Prestige Towers located at Mahalaxmi due to non-compliance with pollution mitigation guidelines. The notice details multiple violations concerning air pollution controls. The notice, delivered by the BMC’s G-South ward on November 28, outlines that the developer failed to surround the construction site with a 35-foot tin barricade, to regularly sprinkle water on the site during demolition, and to utilize stationary or mobile anti-smog guns during loading and unloading, among other directives set by the civic authority. Officials from the G-South ward reported that over the…

Latest StoriesResidential

Mumbai civic body holds lottery for 426 houses

MUMBAI: The Brihanmumbai Municipal Corporation (BMC) held an online draw on Saturday for 426 houses allocated under the Development Control and Promotion Regulations 2034. According to a release from the BMC, the draw took place at the corporation’s headquarters in south Mumbai, resulting in 373 successful applicants, while 362 others were placed on a waiting list. Successful applicants will receive notifications via email, followed by letters with detailed instructions for document verification. The civic body also announced plans to conduct a lottery for an additional 296 residential units in various locations within BMC’s jurisdiction under the same regulations. Published On…

IndustryLatest Stories

Mumbai Bungalow Sold for ₹164 Crore for Redevelopment

Representative AI image MUMBAI: A historic standalone bungalow in Mumbai’s Bandra-Khar-Santacruz area is set for redevelopment, with a prominent property in Santacruz West selling for ₹164 crore. This transaction adds to the growing trend of vintage homes in the western suburbs being acquired for high-end residential projects. The property, known as Dwarka Bungalow on Linking Road, covers 13,629 sq ft and features a ground-plus-one structure alongside a garage and ancillary sheds. The buyer, ZYJ Estates LLP, has paid a stamp duty exceeding ₹9.84 crore for the transaction, which took place on November 17, according to documents accessed via Zapkey.com. Such…

IndustryLatest Stories

BMC to Auction Six-Acre Century Mill Land in Worli, Mumbai

Representative AI image MUMBAI: Nearly a year after the Supreme Court overturned a March 2022 Bombay High Court decision, ruling that almost six acres of Century Cotton Textile Mill land in Worli belong wholly to the BMC, the civic body is now looking to monetize the property. The BMC has issued a tender to auction the land for a 30-year lease, which can be renewed for an additional 30 years via private participation. The starting bid is set at Rs 1,348 crore, and development will adhere to the Development Control & Promotion Regulations (DCPR-2034) guidelines. “The base price reflects the…

Latest StoriesRegulatory

NCLAT Orders Chronos Properties to Renew Bank Guarantee for IL&FS

NEW DELHI: On Friday, the National Company Law Appellate Tribunal (NCLAT) instructed Brookfield-backed Chronos Properties to renew the bank guarantee for the acquisition of the flagship Bandra Kurla Complex property from Infrastructure Leasing and Financial Services Ltd (IL&FS). In an interim order, NCLAT also prohibited the debt-laden IL&FS group from creating third-party rights on its headquarters until the appeal is resolved. NCLAT emphasized the necessity for Chronos to renew the Performance Bank Guarantee to avoid disqualification in acquiring the IL&FS headquarters. Both parties have been directed to finalize pleadings, file replies, and rejoinders by January 16, with the next hearing…