
550 Mumbai chawl families receive keys of new redeveloped spacious apartments
Amenities in the new towers include a rainwater harvesting system, rooftop solar panels, automatic corridor light sensors, and planned parking facilities.Last month, residents were given a preview of "tower life" during an orientation session, which included guidelines such as not storing footwear or belongings in corridors.For many, the day was the fulfilment of a decades-long wait. Ravindra Mayekar, 58, whose 75-year-old mother is among the beneficiaries, said, "We have been waiting for this house to be completed for years. It's a dream come true. People should stay in these houses and not sell them to others. This is gold which we should leave for our next generation".Others, still awaiting possession, expressed mixed feelings. Stayawan Bankar, who lives in an old building next to the construction site, said, "Construction is ongoing next to our building. Due to this, mosquito infestation has increased. Last year my daughter was admitted to the hospital twice. My dream of having a family is complete, now waiting for the dream of a house to be completed".For the Kulkarni family, Thursday was an emotional milestone. "It's my grandmother's deeds that we have got this house today. Since I was growing up I have been hearing that Worli BDD will be redeveloped. To see it happening is a dream come true. My family plans to stay here," said 22-year-old Varad Kulkarni.According to local property agent Santosh Singh, Worli's real estate rates range from Rs 60,000 per sq ft for regular flats to Rs 1.25 lakh for luxury units."In case of Worli BDD, because it's a redeveloped building, it will cost around Rs 30,000 to Rs 40,000 per sq ft even if made well. So the costing will be at Rs 2 crores per flat as a middle-class person can't pay more than," he said.For the new homeowners, the move marks the beginning of a new chapter — one that transforms a 100-year-old community into a modern vertical neighborhood.- Ends
IN THIS STORY#Mumbai
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


New Indian Express
an hour ago
- New Indian Express
KMRL begins process to set up ballastless track
KOCHI: Speeding up the second phase of the 'Pink Line' project, Kochi Metro Rail Ltd (KMRL) has initiated the process to set up ballastless track of standard gauge in the elevated section from JLN Stadium station to Infopark Phase 2 station. It has invited open e-tenders online for Rs 127.91 crore for 'Design, Supply, Installation, Testing and Commissioning of Ballastless Track', a work that is aimed to be financed by availing a loan from the Beijing-headquartered Asian Infrastructure Investment Bank (AIIB). The successful bidder should complete the work in 16 months from the date of the Letter of Award. The last date of tender submission is September 1, while the bids will be opened on September 9. The contract awardee can subcontract the work, limited to 50% of the contract price. The tender shall be valid for 180 days (both inclusive) from the last date of submission of tenders. Last week, KMRL floated open tenders for supply of a third rail traction system as well. The Phase 2 project involves the construction of an elevated, electrified metro rail system spanning 11.2km and comprising 11 stations along the JLN Stadium-Infopark section. While the original deadline was the end of 2025, it was revised to December 31, 2026, after the work suffered a delay due to a fund shortage and issues related to utility shifting. 'While the complete section is targeted to be completed by next year's end, we plan to open the first reach up to Padamughal by June 30, 2026. Hence, the successful bidder should complete the work in that session quickly by March 2026. It requires another three months for testing and other purposes,' a senior KMRL official said.


India Today
2 hours ago
- India Today
UPI to remove money request feature from October 1: What it means for you
Starting October 1, 2025, the way Indians use the Unified Payments Interface (UPI) will change. The National Payments Corporation of India (NPCI) has announced that it is retiring the money request option for person-to-person (P2P) transfers, a move intended to clamp down on scams that have increasingly targeted unsuspecting money request button was, at least on paper, a neat tool. Rather than awkwardly asking someone to send money, you could simply raise a request, whether for splitting the bill after dinner or reminding a forgetful friend about that Rs 500 they still owed. The recipient had the choice to approve or why this change? While the tool was neat, fraudsters quickly discovered a loophole. Fake requests became a common trick, and many people, thinking they were confirming a genuine payment, accidentally authorised transfers straight out of their accounts. NPCI's new directive leaves little room for ambiguity. From October 2, 'no P2P collect transaction should be initiated, routed or processed,' it said in a note to banks, payment service providers and UPI apps. Systems must be updated to block such requests doesn't mean UPI itself is getting harder to use. In fact, most features remain untouched. You can still:-- Send money instantly using a UPI ID, mobile number, or bank details.-- Scan a QR code to pay friends, family, or shopkeepers.-- Approve requests from verified merchants, such as delivery apps or online change applies solely to peer-to-peer collection requests. Merchant collection requests will continue, with their existing higher transaction caps. (Previously, P2P collection was limited to Rs 2,000 per request.)Safety over simplicityBy cutting off P2P collection, NPCI is removing what it sees as one of UPI's weakest security links. Approving a fraudulent request required little more than a careless tap, making it a favoured trick in online fraud kits.'The objective is to protect consumers and strengthen trust in UPI,' the organisation has said, framing the decision as a pre-emptive strike against rising fraud course, for genuine users, it does mean losing a shortcut. Instead of raising a request, you'll now have to ask for your share directly, either by sharing your UPI ID, generating a QR code, or simply dropping a payment reminder on has been India's digital payments crown jewel, handling billions of transactions every month. Its popularity rests on three things: speed, simplicity, and zero transaction costs. But that very simplicity has left it vulnerable to have tried everything from phishing texts and fake OTP requests to imitating bank officials. The collect request feature was just another arrow in their quiver. Removing it, NPCI argues, is about building resilience before the problem grows this means for usersadvertisementFor most people, little will change. Sending money will remain instant, free, and widely accepted. The only thing missing will be that polite nudge via UPI. It might be mildly inconvenient to craft your own reminder messages or share a QR code instead, but the trade-off is clear: fewer ways for fraudsters to trick people into parting with their future, then, is one of tightened safeguards, less about offering every possible shortcut, and more about ensuring every tap and swipe is secure.- Ends


Business Standard
2 hours ago
- Business Standard
Jyoti Structures Q1 PAT jumps 119% YoY to Rs 11 cr
Jyoti Structures reported a 119.25% surge in consolidated net profit to Rs 11.16 crore, driven by a 76.87% rise in revenue from operations to Rs 156.16 crore in Q1 FY26 over Q1 FY25. Profit before tax stood at Rs 10.24 crore in the June 2025 quarter, registering a growth of 97.3% on a YoY basis. Total expenses fell 46.91% to Rs 9.54 crore during the quarter from Rs 17.97 crore in Q1 FY25. The cost of materials consumed stood at Rs 91.28 crore (up 112.33% YoY), while employee benefits expenses were Rs 17.97 crore (up 273.6% YoY) during the period under review. Jyoti Structures is engaged in Electricity, transmission, distribution and substations. The registered office of the company is in Mumbai. Shares of Jyoti Structures ended flat at Rs 16.13 on Thursday, 14 August 2025.