Mira Bhayandar: Less than 24 hours after the Mira Bhayandar Municipal Corporation (MBMC), rolled back the tender that was floated inviting bids for the construction of a slaughterhouse in Uttan, the state government authorities diverted funds amounting to Rs 50 crore for the upcoming art gallery in memory of Maharashtra’s iconic leader and Shiv Sena founder, late Balasaheb Thackeray.

About The Corrigendum Issued

As per the corrigendum issued by the state’s urban development department on 7, October, the funds meant for the slaughterhouse will now be pumped for the world-class art gallery which is coming up on a vast 1.80 lakh square feet plot which is tagged with a reservation of social forestation in the Golden Nest area of Bhayandar (east).

Notably, former BJP legislator Narendra Mehta had threatened to end his life by jumping off the main administration building of the civic body if the slaughterhouse project was not scrapped. Fearing law and order problems, MBMC’s public works department (PWD) rolled back the tender three days after it was floated on 3, October, inviting bids for the construction of the slaughterhouse. 

As per section 63 (12) of the Maharashtra Municipal Corporations Act, 1949 reasonable and adequate provision has to be made by corporations for the construction or acquisition and maintenance of public markets and slaughter-houses and the regulation of all markets and slaughter-houses.  

In an apparent bid to avoid constraints before the likely imposition of the model code of conduct for the upcoming assembly elections, the state government hurriedly diverted the funds. 

About The Project

Designed to showcase the momentous era of the life and times of the iconic leader with a blend of modern-age technology, the majestic structure which had been proposed by Shiv Sena legislator Pratap Sarnaik will house special galleries that will not only display articles and books associated with the life of the Shiv Sena supremo but will also exhibit collection of his select political/ social cartoons, rare photographs, editorials and digitized versions of famous speeches in different languages, using multimedia audio technology. This apart from the amphitheatre, museum, e-library, music centre, study rooms, multi-purpose halls, conference room, cafeteria, and the replica of Raigad Fort which will serve as an entrance to bring back Shivaji Maharaj’s era to those visiting the memorial.

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.

Mumbai: The temperature in Mumbai On October 10, 2024 is 28.48 °C, with a forecast of 26 °C as the minimum and 33 °C as the maximum temperature for the day. The humidity level stands at 87%, with wind speed at 7.6 km/h. The sun will rise at 06:31 AM and is expected to set at 06:19 PM.

The outlook for today predicts rain in the sky. Please schedule your day based on the current temperature and predicted weather conditions.

Make sure to protect your skin with sunscreen and remember to wear your sunglasses while enjoying the sunshine. After receiving a new round of rainfall on Wednesday, providing a respite from the heat, the IMD placed Mumbai under a yellow alert for moderate rain.

Moreover, thunderstorm warnings were also released for Navi Mumbai, Panvel, Thane, and the outskirts of Mumbai.

“Thunderstorm accompanied with lightning and Moderate spells of rain with gusty winds reaching 40-50 kmph very likely to occur at isolated places in the districts of Mumbai during next 3-4 hours,” IMD statement.

At the same time, Pune, Ratnagiri, Sindhudurg, Dhule, Nashik, Kolhapur, and neighboring areas were put on yellow alert for light to moderate rainfall.

Multiple individuals on social media platform X posted images and videos of rain and thunderstorms in the city, along with noticeable dark clouds.

Mumbai’s Air Quality Index

In Mumbai today, the Air Quality Index (AQI) is at 63, which is categorized as moderate. Children and people with asthma should stay indoors, while others should limit their outdoor activities. Everyone must wear masks.