MMRDA Demands HDIL Hand Over 1,400 Flats, Rs 350 Mn Rent Arrears

02 Aug 2024 CW Team

The Mumbai Metropolitan Region Development Authority (MMRDA) has directed Housing Development and Infrastructure Ltd. (HDIL) to relinquish possession of 1,400 flats located in Kurla. This move comes amid a significant financial dispute, with HDIL owing the MMRDA approximately Rs 350 million in unpaid rent.

The flats, part of a redevelopment project, were initially intended for low-income families under a government scheme. The MMRDA's decision follows multiple notices and unsuccessful attempts to resolve the outstanding rent issue amicably. The authority has now taken a firm stance to recover the dues and ensure that the properties are utilised as per the initial agreement.

HDIL, a major player in Mumbai's real estate sector, is facing mounting pressure as the rent arrears issue impacts its financial standing. The company's response to the MMRDA's order and its plans for addressing the financial obligations remain crucial in determining the next steps.

The MMRDA's action underscores its commitment to ensuring compliance with redevelopment agreements and safeguarding public interest. The authority's move to reclaim the flats aims to expedite the allocation of these properties to the intended beneficiaries, addressing long-standing issues in Mumbai's housing sector.

As the situation unfolds, both the MMRDA and HDIL are expected to engage in negotiations to resolve the dispute and clarify the future of the Kurla flats. This development highlights the ongoing challenges in managing large-scale urban redevelopment projects and ensuring adherence to contractual obligations.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..