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Maharashtra

314 Housing Projects In Maharashtra Under Insolvency Proceedings: MahaRERA

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The Maharashtra Real Estate Regulatory Authority (MahaRERA) has informed that a total of 314 projects registered with the Authority are undergoing proceedings at the National Company Law Tribunal (NCLT) under the insolvency and bankruptcy code. The real estate regulator has published the list on its website to prevent homebuyers from getting deceived.

The insolvency and bankruptcy proceedings have been initiated by various banks, financial institutions, and other entities extending line of credit to the real estate sector.

Among these 314 projects, significant investment has been made. Of them, 56 are ongoing projects with an average registration of apartments at over 34%. Likewise, among the balance 194 projects that are lapsed, the average registration done is over 61%. The balance 64 projects have been completed, with a registration rate of 84% for the apartments.

MahaRERA has initiated several measures to keep a check of all real estate projects. Not only the information shared by the developers is verified, but also keeps itself abreast with project’s status through other sources. The list of projects facing proceedings in NCLT has been compiled based on information obtained from various sources and verified through the relevant authorities’ as well.

Stating that the Authority is consistently working to ensure that homebuyers’ investments remain safe and protected, MahaRERA Chairman Manoj Saunik said, “The MahaRERA has compiled this crucial information of the projects undergoing insolvency and bankruptcy proceedings from various sources and has also verified the same from NCLT’s website. A comprehensive and compiled list has been made public for the larger interest of the homebuyers. The list of 314 projects undergoing insolvency and bankruptcy is part of the efforts to alert the homebuyers and prevent them from getting deceived. In April 2023, MahaRERA had brought out a district wise list of 308 such projects, which proved to be helpful to several homebuyers. MahaRERA appeals to everyone to check this list prior to deciding on purchasing a property.”

About The Projects

Of the 88 projects in Suburban Mumbai, 51 are 70% invested. Similarly, in Pune, of the 50 projects, 75% of 45 projects are already booked. In Thane, 52 out of 106 projects have investments of 50%. In Palghar, 16 out of 18 projects are 74% booked.

In Solapur, all the 5 projects have 87% investment. In Nagpur, both the projects have 60% investment and the sole lapsed project in Chhatrapati Sambhajinagar is 55% invested.

Additionally, out of the 9 lapsed projects in Mumbai City, 2 of them already have an investment of 68%. In Nashik, there is 34% investment in all the 3 lapsed projects. Whereas, in Raigad, of the 15 lapsed projects, 13 are 32% invested.

Of the 56 ongoing projects, 21 are from Mumbai suburbs (with 38% investment), 20 in Thane (28% investment), 6 in Mumbai City (31% investment), 5 in Pune (41% investment), 2 in Palghar (65% investment), 2 in Raigad (9% investment) and 1 in Ratnagiri (nil investment).

Among the 64 completed projects, 35 are in Thane and 18 in the Mumbai suburbs. Additionally, there are 9 projects in the Haveli area and 2 in Pune. The total percentage of registration done is 91% for housing projects in Thane, 87% of the apartments in Mumbai suburbs are registered, and 96% in case of projects in Pune. On an average, 84% of the apartments in all the completed projects have been registered.

It is unclear if these 314 projects undergoing insolvency and bankruptcy proceedings, are still accepting new customers. Hence, to ensure transparency and prevent homebuyers from getting deceived, MahaRERA has compiled the list and published it on its portal, as it is of the view that it will help in alerting and guiding people. MahaRERA has appealed to the homebuyers to go through the list prior to purchasing a home.

Maharashtra

12 Bomb Threats In 72 Hours Leave Passengers Panicked As Indian Airline Carriers Face ‘Hoax Menace’

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12 Bomb Threats In 72 Hours Leave Passengers Panicked As Indian Airline Carriers Face 'Hoax Menace'

Mumbai: An unexpected and serious situation has situation has arisen in India aviation history as 12 Indian aircrafts, including Air India, IndiGo, Akasa Air and SpiceJet have received hoax bomb threats in the last three days. The threats leading to emergency situations and flight diversion have left flyers panicked and puzzled. The threats are not only creating significant disruptions, left hundreds of passengers stranded but raised grave questions over security measures and safety of passengers.

A Parliamentary Standing Committee met at 11 am on Wednesday over the issue preceded by a meeting called by Civil Aviation Minister Ram Mohan Naidu with Civil Aviation Ministry and Directorate General of Civil Aviation (DGCA) officials. Some culprits have been identified and the dark web is also being monitored. While a 17-year-old minor is being questioned in an Air India bomb threat call case.

On Wednesday afternoon, a Delhi-Bengaluru Akasa Air flight carrying 184 individuals returned to Indira Gandhi International Airport in Delhi on after a bomb threat prompted the airline to declare an emergency. Minutes after taking off from Delhi the flight was urgently diverted back. This became the 12th such aircraft in the last 72 hours which received an bomb scare.

Meanwhile, IndiGo’s Mumbai-Delhi flight was redirected to Ahmedabad. The aircraft was isolated, and all passengers were safely disembarked, an IndiGo Spokesperson said.

On Wednesday morning, Canadian Air Force aircraft safely transported 191 stranded passengers from Iqaluit Airport to Chicago, after an 18-hour delay due to a bomb scare on an Air India flight.

On Monday, three international flights that took off from Mumbai were diverted or delayed after an X (formerly Twitter) handle posted threats. While on Tuesday, seven flights, including the two Air India planes, were affected by the threats issued by another X handle which has now been suspended. Screenshots of some of the posts show the user had tagged the airline and local police and mentioned the flight number.

Notably, fo the delay in international flights, the agencies of the concerned countries also get involved in the investigations. The trend of issuing threats online had increased lately, raising serious questions over usage of social media, dark web, fake users as well as safety and security.

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Maharashtra

Maharashtra Elections 2024: ‘Our Hindutva Is Not Double Standard’, Aaditya Thackeray Attacks BJP

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Maharashtra Elections 2024: 'Our Hindutva Is Not Double Standard', Aaditya Thackeray Attacks BJP

Mumbai: As the dates of the Maharashtra assembly elections come close, the political atmosphere in the state is heated with politicians engaging in verbal attacks. Shiv Sena (UBT) leader Aaditya Thackeray once again attacked the BJP saying the it engages in double standard Hindutva. “We are against ‘Fake Hindutva’ and we do not tell people what to eat and what to dress,” Thackeray said.

Aaditya Thackeray, the MLA from Worli, Mumbai said, “I want to ask why India played a bilateral cricket series with Bangladesh when Hindus are being attacked there. We are against this double standards. We protect our religion when we have to.”

“The current CM is a contractor minister, and Maharashtra knows it. My father (Uddhav Thackeray) was backstabbed when he was at his lowest after his two surgeries. But here is about where Maharashtra moves forward. The state known for its law & order, and open society is now forced into BJP ideology. God forbid, even if I lose, I will continue fighting for Mumbai and Maharashtra and its sale to two contractor friends CM Eknath Shinde,” Aaditya Thackeray further said in the interview.

On Tuesday, after the election commission announced the schedule for Maharashtra assembly elections, Aaditya Thackeray had said that, “We have been seeing the loot of Maharashtra for the last 2 years, we (Shiv Sena UBT) now hope to get justice in the court of the people,” he said.

The elections for the 288 assembly constituencies in Maharashtra will be held on November 20 in a single phase and results will be declared on November 23.

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Maharashtra

Maharashtra Elections 2024: ‘Mahayuti Will Bring More Schemes On Lines Of Ladki Bahin Yojana’, Says CM Shinde; Releases 2-Year Report Card

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Maharashtra Elections 2024: 'Mahayuti Will Bring More Schemes On Lines Of Ladki Bahin Yojana', Says CM Shinde; Releases 2-Year Report Card

Mumbai: Ahead of the Maharashtra assembly elections, Mahayuti leaders Eknath Shinde, Devendra Fadnavis and Ajit Pawar released a ‘report card’ of the Mahayuti government’s performance in last 2 years. While, releasing the report, the CM and his deputies said that the Ladki Bahin Yojana was a successful scheme and more schemes on these lines will be introduced. Financial provision will be made to successfully implement the schemes, the leaders added.

The Mahayuti leaders highlighted that the toll tax exemption was in their election manifesto and they have kept their promise. CM Eknath Shinde said that the ruling Mahayuti alliance leaders are working as a team and launching schemes for the benefit of the common man. While, Deputy CM Ajit Pawar slammed the opposition Maha Vikas Aghadi for spreading rumours and highlighted successful government initiatives like the Ladli Bahna Yojana, which have significantly benefited women.

The 2-year report card of the 2.5-year-old Mahayuti government was released on Wednesday in the press conference where Mahayuti alliance leaders including Ramdas Athavale, Praven Darekar, Sunil Tatkare had also joined.

Deputy CM Devendra Fadnavis slammed the MVA for criticising the Ladki Bahin Yojana and said, “If the MVA says the government does not have funds to run the Ladki Bahin scheme, on what grounds do they promise to continue the scheme if they come to power.” The MVA will discontinue the scheme, Fadnavis said. Till now at least 4 to 5 instalments have been deposited in the accounts for Ladki Bahin scheme for more than 2.5 crore beneficiaries of our state,” he added.

Meanwhile, Ajit Pawar reiterated that Ladki Bahin scheme is not a temporary scheme, it is a permanent one, while the government will think on increasing the monthly installment.

The political atmosphere in the state is heated as the election dates for the assembly polls are announced. The election commission of India announced the voting schedule on Tuesday and the model code of conduct of conduct has began in Maharashtra.

The elections for 288 assembly seats in Maharashtra will be conducted in a single phase on November 20 and results will be declared on November 23.

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