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Six relocation sites have been identified for ineligible Dharavi residents under the redevelopment project, ensuring alternative housing as part of the 240-hectare transformation initiative in Mumbai.
The Bombay HC has instructed MMRDA to deposit INR 1,169 crore into the Mumbai Metro One account amid an ongoing dispute with Reliance Infrastructure over Metro Line 1 operations and funding responsibilities.
DRP CEO SRV Srinivas confirmed that Dharavi's redevelopment prioritises inclusive rehabilitation and equitable land access. While eligible residents will get free homes, others can access rental options in Mumbai. With a focus on protecting livelihoods, the INR 97,500 crore plan aims to revitalise Dharavi into a growth hub for SMEs and local industries.
The Bombay High Court has directed MMRDA to deposit INR 1,169 crore in its arbitration dispute with Reliance Infrastructure's MMOPL over cost overruns in Mumbai Metro Line 1. The court denied interim relief unless the amount is deposited by July 15, making stay on the award contingent upon compliance.
Sebi has cleared IPO proposals from Kent RO, Karamtara Engineering, Mangal Electrical, and Vidya Wires, aiming to raise around INR 2,500 crore collectively. While Kent's issue is a complete OFS, others include fresh issues to fund debt repayment, capacity expansion, and working capital. All four companies plan to list on BSE and NSE.
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The Navi Mumbai Municipal Corporation (NMMC) has flagged 527 buildings as structurally unsafe following a recent survey. Residents are urged to vacate these premises, as continued occupation poses significant risks. Buildings over 30 years old must undergo mandatory structural audits by September 30, 2025. Failure to comply may result in fines up to ?25,000 or the annual property tax amount, whichever is higher.
A special court in Mumbai has dropped charges against Niranjan Hiranandani and co?accused in the INR?30,000?crore Powai land misuse case. The judge accepted the Maharashtra ACB's closure report, which found no evidence of corruption, dishonest intention, criminal conspiracy, or monetary gain. The court concluded that pursuing prosecution would not serve justice.
In a significant move, the Supreme Court has urged the Bombay High Court to accelerate the resolution of enduring landlord-tenant disputes. Highlighting a case pending since 2000, the apex court stressed the importance of timely justice, noting that extended litigations hinder landlords from enjoying their property rights and associated financial gains.
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