HCC raises over Rs 497 crore from rights issue

Mumbai Infrastructure developer Hindustan Construction Company (HCC) on December 27 raised Rs 497.6 crore through a rights issue. The issue was oversubscribed with HCC getting applications worth Rs 551.38 crore for sale through which it would issue up to 49.75 crore equity shares, the company said in a statement. With this the paid-up equity capital of the company will go […]

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MahaMetro appointed as consultant of CIDCO for Navi Mumbai & Nashik

Mumbai MahaMetro has been appointed as construction consultant of City and Industrial Development Corporation of Maharashtra (CIDCO) for development of Navi Mumbai and Nashik. The Metro agency will help CIDCO in building flyovers and townships and in beautification work. It is on rare occasions that Nagpur-based agencies work for development of Mumbai. These assignments usually go to agencies of Tier […]

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HCC raises over Rs 497 crore from rights issue

Mumbai Infrastructure developer Hindustan Construction Company (HCC) on December 27 raised Rs 497.6 crore through a rights issue. The issue was oversubscribed with HCC getting applications worth Rs 551.38 crore for sale through which it would issue up to 49.75 crore equity shares, the company said in a statement. With this the paid-up equity capital of the company will go […]

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BMC cannot give green nod for constructions

Mumbai For the second time in two years, the Center’s attempts to empower Brihanmumbai Municipal Corporation and other local planning authorities to grant environment clearance for construction projects has been struck down. On December 27, environment secretary Anil Diggikar issued a circular stating that the Delhi High Court in November and the National Green Tribunal (NGT) on December 3 had […]

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Mumbai metropolitan development body draws ire for allotting 311 flats to its employees

Mumbai The Mumbai Metropolitan Regional Development Authority (MMRDA) on December 27 allotted 311 flats in Powai to its employees in the Economically Weaker Section (EWS) and Low-Income Group (LIG) categories, raising the hackles of social activists. In 1986, the state government had allotted 121 hectares of land to Hiranandani Group for constructing houses for EWS and LIG. However, the leading […]

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HCC raises over Rs 497 crore from rights issue

Mumbai Infrastructure developer Hindustan Construction Company (HCC) on December 27 raised Rs 497.6 crore through a rights issue. The issue was oversubscribed with HCC getting applications worth Rs 551.38 crore for sale through which it would issue up to 49.75 crore equity shares, the company said in a statement. With this the paid-up equity capital of the company will go […]

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Mumbai: MHADA allots 300 new houses to Mahul residents

Mumbai A day after Chief Minister Devendra Fadnavis initiated dialogue and action on relocation of project affected persons (PAPs) from Mahul, the Maharashtra Housing and Development Authority (MHADA) allotted 300 houses to some of the residents currently protesting against forced habitation in a neighbourhood dominated by chemical factories. A week ago, MHADA had promised handover of some of the 433 […]

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Lottery for 8,000 homes for mill workers in 15 days: Maharashtra CM

Mumbai With elections next year, Maharashtra CM Devendra Fadnavis announced on December 24 that a lottery for 8,000 houses for mill workers will be announced in the next 15 days. Fadnavis made the announcement after the mills workers’ union met him with their long-pending demand. The 8,000 houses are located in Navi Mumbai near Panvel. The Chief Minister also said […]

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Crooked Mumbai builders have left 1.25 lakh families in lurch

Mumbai According to an estimate, about 5,800 redevelopment projects in the city are at a standstill and hapless citizens have been left in the lurch by fly-by-night builders who abandoned the projects after promising new homes in place of what were residences for generations. Over 1.25 lakh families are believed to be affected because builders stopped paying rent and there […]

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PM kicks off Rs 33,000 crore metro, low-cost housing projects in Mumbai region

Mumbai Minister Narendra Modi on December 18 laid foundation stones for two metro lines and affordable housing projects entailing investment of over Rs 33,000 crore in the megapolis. At an event held here months ahead of the crucial general elections in 2019, Modi kick started work on the ambitious Thane-Bhiwandi-Kalyan (Metro 5) and the Dahisar-Mira Bhayander (Metro 9) in this Mumbai suburb, which will […]

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