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 […]
HCC raises over Rs 497 crore from rights issuemore
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 […]
BMC cannot give green nod for constructionsmore
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 […]
Mumbai metropolitan development body draws ire for allotting 311 flats to its employeesmore
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 […]
HCC raises over Rs 497 crore from rights issuemore
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 […]
Mumbai: MHADA allots 300 new houses to Mahul residentsmore
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. […]
Lottery for 8,000 homes for mill workers in 15 days: Maharashtra CMmore
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 […]
Crooked Mumbai builders have left 1.25 lakh families in lurchmore
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 […]
PM kicks off Rs 33,000 crore metro, low-cost housing projects in Mumbai regionmore
Mumbai The Bombay High Court on December 18 upheld as legal and valid a 2016 notification of the Maharashtra government that amended the Transferable Development Rights (TDR) policy for the Greater Mumbai region. A bench of Justices A S Oka and R I Chagla upheld the notification dated November 16, 2016 that grants additional construction […]
HC upholds validity of Maharashtra’s notification for TDR policymore
Mumbai Slum TDR or transfer of development rights generated from slum rehabilitation projects in Mumbai has seen its sharpest ever decline this year, the lowest in 20 years. In Mumbai’s real estate industry, slum TDR is one of the most important construction incentives offered to developers who build homes free of cost for eligible slum dwellers […]
Mumbai: Decline in slum TDR sharpest in 20 yearsmore
