Mumbai Jains urge Gujarat govt to address illegal property sales

27 Nov 2024 CW Team

Mumbai’s Jain community has appealed to the Gujarat government for protection of their ancestral properties in the state, alleging widespread illegal sales and encroachments. The community, many of whom migrated from Gujarat to Mumbai over time, continues to own homes, agricultural lands, and other properties in their native villages. The Vagad Oswal sub-community from Kutch’s Vagad region has raised concerns over properties being sold by miscreants without the owners' knowledge. Team Vagad Charitable Trust, representing the sub-community, has formally written to Gujarat Chief Minister Bhupendra Patel and Home Minister Harsh Sanghavi, demanding stricter measures to safeguard these assets and prosecute those involved in such fraudulent activities. The letter highlights media reports of property-related crimes targeting the Mumbai-based Jain community, which has caused significant distress among members. The community has warned that if the illegal activities persist, they may withdraw investments from the region, potentially affecting the local economy. According to Laxmichand Charla, Chairman Trustee of Team Vagad, skyrocketing land prices driven by the Narmada canal, renewable energy projects, and industrial developments have led to opportunistic land grabs. “Our community has been in the Kutch-Vagad region for over 400 years. If these illegal sales don’t stop, we will have no choice but to sell off all our properties,” he stated. The Trust has urged the Gujarat government to take swift action to restore confidence among the community and prevent further exploitation. (FPJ)

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..