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Mumbai Real Estate News

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  • Re : Mumbai Real Estate News

    To stop Mumbai from sinking, government to set up CM-led panel on climate change

    Calling for mitigating measures, the environment department, while making the presentation, reiterated that if temperatures rise by 2-2.5 degrees Celsius on account of climate change, the city and the state will be among the world’s worst-affected spots. Representative Image MUMBAI: The state cabinet was on Wednesday presented with the global warming report of the Intergovernmental Panel on Climate Change, with an overall focus on Maharashtra and an emphasis on its coastal belt, particularly Mumbai.

    Calling for mitigating measures, the environment department, while making the presentation, reiterated that if temperatures rise by 2-2.5 degrees Celsius on account of climate change, the city and the state will be among the world’s worst-affected spots.

    “The cabinet appreciates the need for quick action and places on record the urgency to get going on a carbon-neutral plan,” said Manisha Mhaiskar, principal secretary, environment.

    “It has been decided to set up a council of ministers for climate change, headed by the chief minister, and co-chaired by the deputy chief minister. We have identified five sectors where a time-bound climate action plan needs to be initiated if we are to reduce the impact of climate change.”

    The department warned that if one continues with “business as usual” then Mumbai and other coastal areas face the prospect of submergence, and central Maharashtra of severe drought. It said that forests, instead of acting as carbon sinks, will burn due to fires.

    The presentation also warned of ‘wet bulb temperature’ (temperature read by a thermometer covered in water-soaked cloth — wet-bulb thermometer — over which air is passed) being severely damaging to Mumbai. A wet bulb temperature reaches the surrounding temperature when humidity is 100% and water does not provide any cooling, resulting in heat strokes among living beings; this can cause a large number of deaths, comparable to that caused by earthquakes or epidemics.

    The presentation pointed out that the impact of climate change was already being felt locally: Mumbai and neighbouring areas experienced two cyclones in quick succession (Nisarga in 2020 and Tauktae in 2021). It also said that because of extreme rainfall, landslides are becoming a regular event.

    The department mentioned initiatives the government has taken to lower the rate of temperature rise, among which are the conservation of Aarey forest and the restoration of mangroves as steps towards protecting and creating carbon sinks.

    Five sectors identified as major contributors to the carbon footprint include energy (50%), industry and transport (15% each), and agriculture and urbanisation (10% each). Mhaiskar said the minister of the department concerned will head the preparation of a plan and provide details of fund allocation for implementation. The plan will then be placed before the council.








    To stop Mumbai from sinking, government to set up CM-led panel on climate change, Real Estate News, ET RealEstate (indiatimes.com)



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    • Re : Mumbai Real Estate News

      Metro work biggest source of dust pollution in Mumbai: Report

      Chittaranjan Tembhekar / TNN / Updated: Sep 7, 2021, 09:30 IST


      Picture used for representational purpose only

      MUMBAI: Among the various ongoing infrastructure activities in Mumbai, the Metro rail work is the biggest source of dust pollution, revealed the World Resources Institute (WRI) in its findings submitted to the BMC.

      “Construction activities are contributing to almost 8% of the total emission of particulate matter. Construction of Mumbai Metro projects specially contribute to 3.2% of suspension dust,” said the report, which suggested that air quality issues should now be locally identified and tackled.

      The WRI recommended that Mumbai should adopt cleaner fuels and decongest traffic by shifting people to public transport. It also urged for improving waste collection mechanisms, scientific remediation of landfill sites, increase in stack heights in industries, adoption of low-sulphur fuels by Tata Power, and appointment of enforcement marshals to ensure that citizens strictly follow the anti-pollution norms.

      Frequent fires at landfill sites of Deonar and Kanjurmarg, besides indiscriminate frequent burning of wastes at isolated places, increase the pollution of deadly hydrocarbons and carbon monoxide, the WRI report pointed out. “Paved and unpaved road dust results in high concentration of suspension dust,” the report said, suggesting a better road-sweeping and washing mechanism. Mumbai has a high annual concentration of particulate matter and nitrogen oxides from roadside construction and traffic emissions from heavy duty diesel vehicles.

      The WRI also asked BMC for better monitoring and coordination to tackle pollution through a dedicated cell.










      Metro work biggest source of dust pollution in Mumbai: Report | Mumbai News - Times of India (indiatimes.com)

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      • Re : Mumbai Real Estate News

        Mumbai: Khar-based builder booked for cheating Dubai businessman

        In his complaint, Shadab said the father-son duo approached his father Shabbir in 2014, seeking a financial aid of Rs 50 lakh and agreed to keep their flat at Kamal Vishranti at TPS 3 in Bandra as security with an additional interest of 21% as profit on the borrowed sum.
        MUMBAI: On a complaint filed by Dubai-based businessman Shadab Patel, the Khar police have registered a case of cheating and criminal breach of trust against Khar-based builder Amarchand Narang and his son Amit.

        In his complaint, Shadab said the father-son duo approached his father Shabbir in 2014, seeking a financial aid of Rs 50 lakh and agreed to keep their flat at Kamal Vishranti at TPS 3 in Bandra as security with an additional interest of 21% as profit on the borrowed sum.

        Shadab, however, got suspicious when they failed to repay the promised amount and asked the Narangs to transfer the flat kept as security in his name. But the duo said that the title of the flat was not clear and hence it cannot be transferred. Later, Shadab learnt that the flat too was already mortgaged with Tata Finance. He then approached the police.

        Speaking to TOI, Amit Narang said, “Shadab has managed to lodge a false case against us and we are challenging the said FIR in the court.”













        Mumbai: Khar-based builder booked for cheating Dubai businessman, Real Estate News, ET RealEstate (indiatimes.com)
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        • Re : Mumbai Real Estate News

          Mumbai: Builders named in inquiry reports deny any role in trust land fraud

          On January 10, 2014, the then Raigad collector had recommended to the Konkan divisional commissioner to file complaints against those named in the inquiry report, according to documents procured under the RTI by activist Rajeev Mishra.
          NAVI MUMBAI: Some of the people named in the deputy collector’s report of 2013 have denied their role in the trust land scam in Navi Mumbai.

          On January 10, 2014, the then Raigad collector had recommended to the Konkan divisional commissioner to file complaints against those named in the inquiry report, according to documents procured under the RTI by activist Rajeev Mishra.

          Over 2,700 acres in Panvel and Uran belonging to three trusts were shown to have individual ownership, allegedly by forging documents, and surrendered to Cidco in lieu of compensation and development rights over 12.5% of the plots. It was claimed that these trust plots were illegally released for commercial gains.

          Local builder Urmish Udani denied his role in the alleged scam. He told TOI, “The then Konkan commissioner had formed a committee to inquire into my role in the acquisition of land in 2011-12. I was not a party to it. Neither was I called for any clarification nor was I informed about the outcome of the report, which is highly biased and one sided.”

          “The inquiry report raised two main allegations against me; acquiring lands from Sir Mohammed Yusuf trust, Sri Swami Hatiramji Mutt trust and Khan Bahadur Hormasji Maneckji Bhiwandiwala Mumbai trust without the permission of charity commissioner and on the basis for fraudulent agreements,” he said, adding that “Sir Mohammed Yusuf trust is a family trust and no permission from the charity commissioner is required for land transactions. The Bombay high court had cleared it. Sri Swami Hatiramji Mutt trust land issue is sub judice.”

          An Uran court issued a succession certificate to Dosu Ardeshir Bhiwandiwala, being ‘only son’ of late Ardeshir Bhiwandiwala of Khan Bahadur Hormasji Maneckji Bhiwandiwala trust. “The land issue was inquired into and investigated by various departments since 2011, including economic offences wing-Navi Mumbai, Cidco, charity commissioner and the high court. Every inquiry/investigation cleared the land deals,” said Udani.

          “No such recommendation was made against me by the Raigad collector to the Konkan Divisional Commissioner on January 10, 2014,” claimed former talathi, Sanjay Sonawane.

          “I had written to the sub divisional officer, deputy collector (land acquisition) metro centre-1 and tehsildar of Panvel on November 14, 2020, to appoint a designated officer to file offences against those named in the two reports citing Navi Mumbai police commissioner’s letter dated September 2, 2020. No response was received,” said Ravindra Mathpati, deputy collector-Raigad, who was transferred in August 2021.










          Mumbai: Builders named in inquiry reports deny any role in trust land fraud, Real Estate News, ET RealEstate (indiatimes.com)
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          • Re : Mumbai Real Estate News

            Congress asks Ulhasnagar civic body to abolish 73.5% tax on rental properties

            District president of Ulhasnagar Congress, Rohit Salve, has given a 10-day ultimatum to UMC commissioner Dr Raja Dayanidhi demanding the cancellation of this tax. He has written a letter about the same to the commissioner.
            THANE: The Congress party has demanded the Ulhasnagar Municipal Corporation (UMC) to abolish 73.5 per cent of tax charged on rental properties, saying it is the highest in Maharashtra.

            They even threatened to go on an indefinite hunger strike against the UMC from September 22, if their demand is not met.

            District president of Ulhasnagar Congress, Rohit Salve, has given a 10-day ultimatum to UMC commissioner Dr Raja Dayanidhi demanding the cancellation of this tax. He has written a letter about the same to the commissioner.

            Salve said, “The UMC is charging 73.5 per cent tax on property given on rent by property holders, which is the highest in state and is unfair." He added that due to the high tax, several corporate companies, big outlets, banks and ATMs were planning to move out of the city.

            Salve said that the civic body should also transfer the tax department staff members who have been working on the same post for a long period.

            Earlier, corporators from all parties had demanded to abolish this tax and a resolution was also passed for the same in the UMC’s general body meeting. However, the administration has not taken any decision on the same yet.







            Congress asks Ulhasnagar civic body to abolish 73.5% tax on rental properties, Real Estate News, ET RealEstate (indiatimes.com)

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            • Re : Mumbai Real Estate News

              Dharma Productions inks office lease renewal pact with Karan Johar, group company

              The company has leased the space from the company’s director Karan Johar and one of the affiliated companies Yashwan Productions, who are the owners of this property.
              Bollywood production and distribution company Dharma Productions has renewed the lease for over 15,000 sq ft office space in Mumbai’s Andheri suburb.

              The company has leased the space from the company’s director Karan Johar and one of the affiliated companies Yashwan Productions, who are the owners of this property.

              The production company already operates from the same premise of Supreme Chambers, off Veera Desai Road in Andheri and the last agreement for lease of this office space was signed between the parties in April 2017.

              Total tenure of the lease is five years and the production company will be paying monthly rental of Rs 155 per sq ft. The agreement includes a clause for escalation of rentals by 10% every year, showed documents accessed through Zapkey.com.

              The lease has been signed through two agreements between Dharma Productions and Karan Johar and Yashwan Productions, which counts Johar and Apoorva Mehta as directors of the company.

              ET’s email query to Dharma Productions remained unanswered until the time of going to press.

              Dharma Productions has paid a total Rs 1 crore as the deposit for both the agreements. The lease has started from May, while registration of these documents has been concluded on August 25.









              dharma productions: Dharma Productions inks office lease renewal pact with Karan Johar, group company, Real Estate News, ET RealEstate (indiatimes.com)
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              • Re : Mumbai Real Estate News

                NITI Aayog & Maharashtra CM discuss metro, Dharavi redevelopment, other issues

                NITI Aayog vice-chairman Dr Rajiv Kumar, CEO Amitabh Kant and its member Ramesh Chand held talks with Thackeray, an official statement issued by the Chief Minister's Office (CMO) said.
                File photo


                MUMBAI: Top office-bearers of the NITI Aayog held a meeting with Maharashtra Chief Minister Uddhav Thackeray, during which a host of issues, including the proposed construction of a car shed for Metro-3 at Kanjurmarg in Mumbai, were discussed. The meeting took place at 'Sahyadri' guest house in south Mumbai on Tuesday.

                NITI Aayog vice-chairman Dr Rajiv Kumar, CEO Amitabh Kant and its member Ramesh Chand held talks with Thackeray, an official statement issued by the Chief Minister's Office (CMO) said.

                As many as 41 issues were discussed during the meeting, including the construction of metro car shed at Kanjurmarg, the transfer of land from the railways for Dharavi redevelopment plan, GST rebate and development of lands related to defence establishments in the state, it said.

                The NITI Aayog officials assured the chief minister of a positive approach over the Kanjurmarg car shed issue, it added.

                In October last year, Uddhav Thackeray had announced the scrapping of the Aarey Metro car shed and said the project would be shifted to a government land in Kanjurmarg.

                The Centre and the Shiv Sena-led Maha Vikas Aghadi (MVA) government were locked in a tussle over ownership of the land earmarked by the state for constructing the car depot at Kanjurmarg.

                The Union government had filed a petition in the high court challenging the October 1, 2020 order passed by the collector allotting the land for construction of the car shed, and said the land belongs to its (Centre's) salt department.

                During the meeting, the NITI Aayog officials also said that the metro car shed and all other issues would be taken up on urgent basis, the statement said, adding that they praised the state government for its electric vehicle policy.

                While Dr Kumar lauded the state for its efforts in controlling the spread of COVID-19, Thackeray called for the need to have Union government's continued support in terms of various medical equipment, masks and medicines as the fear of the third wave of the pandemic loomed large.

                The chief minister assured the NITI Aayog officials of maintaining better coordination.

                Maharashtra had reported highest number of COVID-19 cases during the first and the second wave of COVID-19 and more than 1.38 lakh people have died in the state due to it so far.

                As per the statement, the state government also demanded that the GST dues, which are already Rs 30,000 crore, be cleared as the figure would soon reach Rs 50,000 crore.

                The increased cess has helped the Union government to earn more, but it did not benefit the state, Thackeray said during the meeting.










                Uddhav Thackeray: NITI Aayog & Maharashtra CM discuss metro, Dharavi redevelopment, other issues, Real Estate News, ET RealEstate (indiatimes.com)
                Last edited 10 hours ago.
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