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The Bombay High Court recently cancelled the coastal regulation zone (CRZ) clearances granted to the ambitious Rs 140-billion Mumbai Coastal Road Project, reasoning that there was serious lacuna in the decision-making process and lack of proper scientific study. The decision is likely to impact the order book of large construction players such as Larsen & Toubro (L&T) and HCC, who are involved in the construction of the project.
In a most recent update, Maharashtra Chief Minister Devendra Fadnavis has announced the appointment of Praveen Pardeshi as the new Chief of Municipal Corporation of Greater Mumbai (MCGM).
BMC to send 52 engineers to IIT-Bombay to rid Mumbai of potholes
BMC Commissioner Ajoy Mehta orders geological investigation for the project
The plan is expected to generate 8 mn jobs and 1 mn affordable houses
Hindustan Construction Company (HCC), in a JV with Hyundai Development Corporation (HDC), has been awarded a Rs 21.26 billion contract by the Municipal Corporation of Greater Mumbai (MCGM), for design and construction of the Mumbai Coastal Road Project (MCRP), Package-2.
We hope to clean 70-80 per cent of the Ganga by March 2019," said Nitin Gadkari, Union Minister for Water Resources, River Development and Ganga Rejuvenation, during an conference in New Delhi, according to a PIB release.
The enforcement of RERA has been a boon for the real estate sector and the implementation process has been fantastic. RERA is an example of good governance.
The government’s approval on the long-pending Mumbai DP 2034 is a welcome move. The DP is likely to spur real estate activity in the city and also pave the way for the development of much-needed affordable houses in Maximum City.
CREDAI-MCHI inked an important Memorandum of Understanding (MoU) with the Government of Maharashtra for affordable housing in the presence Maharashtra Chief Minister Devendra Fadnavis at the Magnetic Maharashtra Summit in Mumbai.
