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Maharashtra

MHADA eyeing 3 projects in Kalachowki, Worli & Bandra Reclamation to rev up real estate business in Mumbai

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Mumbai: The Maharashtra Housing & Area Development Authority (MHADA) has proposed to the state government three big ticket redevelopment projects in Mumbai, which will give a huge boost to the real estate industry in the metropolis. The housing body has suggested the cluster redevelopment of Abhyudaya Nagar at Kalachowkie, Adarsh Nagar in Worli and the Bandra Reclamation layout.

Sources in the MHADA told the FPJ on Thursday that a detailed note in this regard had been sent to the housing ministry in Mantralaya, which is under Deputy Chief Minister Devendra Fadnavis. The MHADA has suggested that tenders be floated for the redevelopment of these areas, which are on its land. After the government’s decision on the redevelopment of Dharavi, these three mega projects also are likely to be pushed through.

Fadnavis wanted to implement the project soon

Sources in Mantralaya said Fadnavis was on a mission mode and wanted to cut red tape to ensure that long-delayed projects would be implemented soon.

Former Minister for Housing Jitendra Awhad told the FPJ that he had earlier objected to the individual development of these buildings, since it would be difficult to provide proper infrastructure facilities in terms of water supply, drainage, recreational facilities etc.

“I had proposed cluster development of these colonies so that infrastructure could be upgraded uniformly. However, there was no consensus in the government. In the case of Abhyudaya Nagar, the federation of housing societies of the lower-middle-class colony did float tenders and decided to award the contract to Keystone Reality of the Rustomjee Group.”

Project didn’t take off because of Rs 180 crore stamp duty

However, the proposal did not take off since the state government insisted on the payment of stamp duty of over Rs 180 crore. Awhad said, “I had proposed that the stamp duty be recovered in instalments till Keystone completed the project. However, my suggestion did not find favour with the then government.”

Since the project did not go beyond the drawing board stage, the MHADA has decided to undertake the redevelopment of the colony, which is spread over 30 acres. In the case of the six-acre Adarsh Nagar, a few buildings did start redevelopment, but the rest could not.

Raghavan Sarathy, an advocate and former resident of the colony said, “Building No. 17 has been redeveloped. Building No. 41 is under redevelopment. The rest of the buildings remain as they are. There is also objection from the Indian Coast Guard, which has its establishment nearby.”

Big players are eyeing Bandra Reclamation proposal development project

Big players in the real estate market who have already got wind of the MHADA’s proposal, are, however, eyeing the Bandra Reclamation proposal development project near Lilavati Hospital, where real estate prices are in the region of Rs 65,000 per sq ft to Rs 80,000 sq ft.

Two buildings in the area, Akshay and Safal, have already started redevelopment. Indications are that other buildings will not receive NOCs from the MHADA since the entire area will be redeveloped. A few local residents did initiate the process for redevelopment of buildings in Phases I and II. But now, their efforts will be in vain in the backdrop of the MHADA’s mega move.

An additional incentive may be given for the Bandra Reclamation project, since the MHADA is likely to get a higher premium. Meanwhile, the K Raheja group has bagged the tender for the redevelopment of Sea King apartments near Shah Rukh Khan’s bungalow, Mannat, in Bandra west. Several top builders like Wadhwa, Dilip Thakkar, Supreme and the Lotus Group’s Anand Pandit had participated in the first bid for the redevelopment of this seafacing multi-storeyed building.

However, the proposal did not go through due to certain technical reasons. Later, the society, which houses celebrities like actor Zarina Wahab, floated a fresh tender and recently signed a redevelopment agreement with K Raheja. Each member of the society will receive 48 per cent of their present area free of cost, apart from a large corpus and state-of-the-art recreational facilities.

Maharashtra

Special NIA Court Allows Activist Gautam Navlakha To Visit Ailing Sister

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The special NIA court on Thursday permitted activist Gautam Navlakha, an accused in the Elgar Parishad-Maoist links case, to travel to Delhi for two months to be with his ailing elder sister.

Navlakha had approached the court for modification of the bail order granted last year, which restricted his movement to city limits.

The prosecution opposed the plea, apprehending that he may influence witnesses or skip the trial.

The court ruled out these possibilities and allowed the plea but with several conditions. Navlakha has been asked to furnish details of his mobile phone number on which video call facility is available, furnish his travel details, and deposit his passport in the court before leaving the city.

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Maharashtra

Party Rebels Contesting Against MVA Candidates To Face Six-Year Suspension: Congress Leader Ramesh Chennithala

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Party Rebels Contesting Against MVA Candidates To Face Six-Year Suspension: Congress Leader Ramesh Chennithala

Congress leader Ramesh Chennithala on Thursday said all the party rebels contesting against the official candidates of the Maha Vikas Aghadi (MVA) have been suspended for six years.

In a press conference, Chennithala stated that district units have been directed to compile a list of rebels still in the race for the November 20 Maharashtra assembly polls and issue notices to them.

“There will be no friendly contests. All rebels running against the MVA’s official candidates have been suspended,” said Chennithala, the All India Congress Committee in-charge of Maharashtra.

In some constituencies, despite official candidates from both Mahayuti and MVA, candidates from allied parties have been fielded. In other areas, friendly contests are happening. Several leaders have filed nomination papers after rebelling.

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Maharashtra

Maharashtra Elections 2024: Devendra Fadnavis Refers To Sharad Pawar As ‘Owner Of Fake Narrative Factory’; Slams Opposition Over Claims About Industries Leaving State

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Maharashtra Elections 2024: Devendra Fadnavis Refers To Sharad Pawar As 'Owner Of Fake Narrative Factory'; Slams Opposition Over Claims About Industries Leaving State

Mumbai: In a scathing attack on Sharad Pawar, Deputy Chief Minister Devendra Fadnavis referred to the NCP leader as the “owner of a fake narrative factory” during an election rally in Pimpri-Chinchwad. Fadnavis accused Pawar and opposition leaders of spreading false information about industries leaving Maharashtra for Gujarat, attempting to tarnish the state’s image. He made it clear that Maharashtra remains the top choice for investment, with 52% of the country’s foreign investment flowing into the state.

Addressing a rally in support of Mahayuti candidate Shankar Jagtap, Fadnavis emphasized that Maharashtra is strong industrially and that the information being spread by the opposition is misleading. He stated, “Our government has made Maharashtra an ideal destination for investment.” According to Fadnavis, reports suggesting a shift in the state’s industrial landscape were false and intended solely to mislead the public.

Fadnavis Targets Supriya Sule

Fadnavis also targeted NCP MP Supriya Sule, calling her the “manager of the fake narrative factory.” He accused Sule of spreading incorrect information about IT companies leaving Hinjewadi, a major IT hub in Pune. Fadnavis stressed that both Maharashtra’s industrial and IT sectors are strong, and any challenges faced were the result of the difficulties encountered during the tenure of the Maha Vikas Aghadi government. He labeled Sule’s statements as incorrect and harmful to the state’s progress.

Fadnavis also responded to criticism of Uddhav Thackeray’s “Ladki Behin Yojana” . He said that Thackeray’s approach, focused on opposition for the sake of it, was disconnected from the needs of ordinary people. Fadnavis clarified that the scheme would provide financial aid and educational opportunities to thousands of girls across Maharashtra.

Concluding his speech, Fadnavis reassured the audience about job creation under the BJP government. He announced an ambitious goal of generating employment opportunities for 10 lakh youths and promised to rejuvenate Maharashtra’s economic stability. He urged voters to be cautious of the “fake narratives” being spread by the opposition and to trust in the state’s economic progress.

Throughout the rally, Fadnavis highlighted BJP’s transparency and development-oriented policies, portraying the opposition’s tactics as a strategy to promote “fake narratives” and undermine the state’s growth.

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