
Relocation to cost Rs1,500 crore; bldgs within floodline will be razed: MoS Madhuri Misal on Ektanagari situation
1
2
3
Pune: The Pune Municipal Corporation (PMC) had planned a 'cluster development' project to rehabilitate people from Ektanagari and nearby areas. This cluster will be developed under the Urban Redevelopment Scheme, according to UDCPR section 14.8.
The proposal involves relocation of as many as 1,383 homes and at least 67 shops from the flood-prone 'blue zones' of Ektanagari, Vitthalnagar and Nimbajnagar to municipal land in Hingne Khurd survey no. 19. TOI speaks to MoS Madhuri Misal about solutions to this long-standing issue.
Q: What are the short-term solutions proposed to avert flooding in the Ektanagari area?
A: In the short term, focus is on preventing water from entering homes and shops.
This plan includes the removal of debris and trash as well as prevention of any future dumping.
Q: How are authorities going to stop debris dumping?
A: The administration is going to install CCTV cameras to monitor debris dumping here. The cameras will be used to catch the offenders, who will face criminal cases.
Q: What are the long-term plans, for a more permanent solution?
A: That's where the cluster development proposal comes in.
The permanent solution involves total relocation of affected citizens. Properties that fall within floodlines will be razed and residents will be moved to other plots. Two plots are available in the vicinity of the affected areas.
Q: Why has the planned cluster development project progressed at such a slow pace?
A: The financial requirement of the project has been a major concern. We need Rs1,500 crore to complete it and these funds are not available as of today.
State govt has received the proposal from PMC, which is being discussed at the UD level.
Q: In Ektanagari, there have been issues linked to flood compensation. Could you clarify?
A: Yes, that is correct. The flood-affected people living in residential flats received compensation. But those with commercial properties or shops are yet to receive it. The lack of provisions in law for this type of compensation has delayed compensation to shop owners.
Hashtags

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


Time of India
3 hours ago
- Time of India
At Rs 98 crore revenue, Bristol Chowk is Haryana's costliest liquor zone
GURGAON: Haryana's revenue from liquor licence in one zone of the city - Bristol Chowk on the upscale Golf Course Road - has touched nearly Rs 100 crore, making it the costliest-ever excise auction in the state. Tired of too many ads? go ad free now On Saturday, the licence went for Rs 98.6 crore, a 4.2% increase from its reserve price of Rs 94.6 crore. The bid was won by the sole applicant - a firm called G-Town Wines, which is permitted to open a maximum of two vends in the zone. In the last excise policy for financial year 2024-25, Bristol Chowk was auctioned for almost half the amount of the latest bid, at Rs 49.3 crore. Officials told TOI Sunday the reserve price for this coveted zone was nearly doubled for the latest excise policy as it will be applicable for 22 months - from June 2025 to March 2027 - up from 12 months earlier. Until now, the excise policy was applicable for 12 months and the licence fee was charged for a year. With the new policy, the duration for the licence fee has also increased," the official said. Reserve price is the minimum amount that an entity can bid for while trying to get a liquor licence. DLF-3, auctioned for Rs 63 crore (against reserve price of Rs 60 crore), clinched the second spot in highest bids after Bristol Chowk, followed by Shankar Chowk, which went for Rs 62 crore (same as its reserve price). While Bristol Chowk is part of Gurgaon's West excise zone, auctioned over the last weekend, the other two were included in the city's East zone, the bidding process for which was held earlier last week. "Fifty out of 79 zones in Gurgaon East were auctioned over the weekend. Govt made revenue of Rs 1,270 crore, almost 6% higher than the combined reserve price of Rs 1,198 crore set for these zones," said Amit Bhatia, deputy excise and taxation commissioner (DETC). Tired of too many ads? go ad free now Horizon Plaza went for Rs 46.2 crore in the latest auction, just marginally higher than its reserve price, but the second highest amount to be bid for in the Gurgaon East zone. There weren't any major deviations from reserve prices in bids for Signature Tower, World Mark and Jalsa. The zones that added to govt's estimated earnings from liquor licences were Nawada, auctioned for a bid that was 30% higher than the reserve price, South City (+25%), American Express on Southern Peripheral Road (+24.3%), Badshapur (+20.9%), Sikohpur (+20.5%), Kankrola (+20.5%), Sohna Road (+16.9%), and Banni Square (+12%). Bhatia said the 21 remaining zones out of 83 in Gurgaon West will be auctioned on June 3, and the same will be carried out for the remaining 29 zones in Gurgaon East on June 5. "The department received a better response in the third round of the excise auction compared to the previous round, indicating widespread participation in the zone auction process and a positive response to the state's excise policy," he added. Gurgaon makes up for around 35-40% of Haryana's excise revenue. The state cabinet on May 5 approved the new liquor policy for 2025-2027, which introduced earlier closing hours for urban vendors, bans on live performances in ahatas and halting the sale of alcohol in villages with a population under 500. The govt also set an ambitious financial goal, targeting revenue of Rs 14,064 crore this time. Collections reached Rs 11,491 crore, about 90% of the targeted Rs 12,650 crore in FY 2024-25.


Time of India
5 hours ago
- Time of India
New launches to drive Sun Pharma's future growth; PAT may take a hit by tax surge
Sun Pharmaceutical Industries has underperformed the BSE Healthcare index over a one-month and three-month periods amid the likely pressure on profitability in the coming quarters. While the company expects to retain the revenue growth momentum for FY26 after clocking 8% growth in FY25, its plan to spend over $100 million in marketing and promotion of specialty products is expected to dent profitability for the current fiscal year. Analysts have slashed FY26 EPS targets by 3-8%. The company's net profit fell by 19% year-on-year to Rs2,149.9 crore for the March quarter due to higher tax outgo. Revenue grew by 8% to Rs12,958.8 crore. The tax expense for the quarter was Rs1,093.7 crore compared to Rs148.9 crore a year ago. The company expects the tax expense to increase further in FY26, due to exhaustion of tax loss from previous accounting periods. The operating margin before depreciation and amortisation (EBITDA margin) improved to 28.7% in the March 2025 quarter from 25.3% in the year-ago quarter. For the full year, the company's revenue and net profit grew by 9% and 14% to Rs52,041.3 crore and Rs10,929 crore respectively. The research & development (R&D) expense was Rs3,248.4 crore for FY25, representing 6.4% of sales. It is expected to be 6-8% of sales for next fiscal year. The pharma company has guided for a mid-to-high single digit year-on-year revenue growth in FY26. The company expanded market share in the domestic formulations business to 8.3% in the March quarter from 8%a year ago. In the September 2025 quarter, Sun Pharma is expected to launch Leqselvi (deuruxolitinib),which is used to treat severe alopecia areata, a type of hair loss. Elara Capital estimates the drug to be more than $200million product in three-four years. In FY26, the company also plans to launch Unloxcyt (cosibelimab), a drug developed by the US based Checkpoint Therapeutics, which it acquired in March 2025 for $355 million. The company is seeking partners to further develop and commercialize MM-II (Large Liposomes of DPPC and DMPC) for select geographies. Phase 3 clinical trials are underway for this drug. 'It has been implementing efforts to not only expand offerings but also enhance marketing franchise in regulated markets for differentiated products,' Motilal Oswal Financial Services said in a report. The brokerage has reduced its earnings estimates by 3% and 1% for FY26 and FY27, considering the additional expense on specialty products marketing . It expects earnings to grow by 17% annually FY25-27. It has maintained 'BUY' with a target price of Rs2,000. On Friday, the stock was last traded at Rs1,678.3 on the BSE.


Time of India
6 hours ago
- Time of India
Illegal construction begins at Sec 17 collapsed bldg site, DC orders probe
1 2 Chandigarh: In what it appears to be a blatant violation of norms, illegal construction has started at a site in Sector 17 which once housed a famous three-bay building that collapsed on Jan 6 all due to gross negligence and violation of safety measures. While the debris of the collapsed building was cleared from the site a few days back, multiple iron columns have now come up at the spot despite the fact that the UT estate office has not approved a revised building plan for the site so far. The estate office has now decided to probe the entire matter. With the said site being completely covered from all sides with huge tin sheds, the iron columns are not visible from the ground level. But these can be clearly seen from upper storeys of nearby buildings. The TOI too captured a clear view of the site and found fresh iron columns installed at the spot, indicating that the work has been going on for the past few days. Nishant Kumar Yadav, deputy commissioner (DC)-cum-estate officer of the Chandigarh administration, said, "No revised building plan for the collapsed building in Sector 17 has been approved till date. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với sàn môi giới tin cậy IC Markets Tìm hiểu thêm Undo In fact, no building plan has been submitted for approval at the estate office. In the absence of the revised building plan, no construction is allowed at the collapsed building site." Sources in the Chandigarh administration revealed that there is a laid-down process and procedure for constructing commercial and residential buildings in Chandigarh. "For commercial buildings, applications for building plans must be submitted to the UT estate office. The Chandigarh administration's technical and administrative staff review the plan at designated stages. Upon successful completion of all steps, the Estate Office issues the building plan, authorising construction in accordance with Estate Rules and regulations. " "Additionally, the Chandigarh administration has established a plan approval committee (PAC), consisting of senior technical and administrative officers from various departments, including engineering and architecture. For significant and critical building approval cases, the PAC conducts thorough evaluations, considering all relevant rules and standards before reaching decisions on submitted building plans," sources added. The structural integrity of the building adjacent to the collapsed area appears severely compromised, with visible deterioration evident across various sections of its exterior. A thorough assessment is necessary to determine if installing iron columns at the impacted location would be a feasible solution, given the concerning state of the surrounding structure. Following the collapse, the UT administration had already sent its detailed fact-finding report to Chandigarh Police to probe the matter. Major lapses led to collapse Jan 6 | Just 10 days after it was declared unsafe for occupancy, a three-bay building in Chandigarh's one of most important commercial hubs, Sector 17, collapsed in the early hours on Monday. The structure (SCO 183-185) had been evacuated and sealed off since December 27 after being deemed unsafe. Jan 28 | Almost three weeks after the collapse of a building in Sector 17 on Jan 6, UT Police have filed a case against nine individuals for allegedly making structural modifications which caused the incident. April 20 | UT administration began removing debris from the building that collapsed in Sector 17. The work is supervised by the National Institute of Technical Teachers' Training and Research (NITTTR). April 27 | The fact-finding inquiry report of the UT administration found both the lessee and owner of the building in Sector 17 responsible for its collapse. In his detailed inquiry, the SDM of the Chandigarh administration's central division found that despite knowing that the structural stability certificate had not been procured, they renovated and altered the structure, ignoring the possible risks. The report revealed that no safety measures had been taken even during repair work of the building. Moreover, no revised building plans had been passed by the estate office, and an objection was already placed. However, the lessee and owner ignored this and initiated renovation work.