Latest news with #Cidco
Time of India
23-05-2025
- Business
- Time of India
Thane bar owner, 2 others duped of Rs 2.3 crore
Chhatrapati Sambhajinagar: The Economic Offences Wing (EOW) of the Chhatrapati Sambhajinagar police has taken charge of investigating a Thane bar owner's complaint. The complaint states that a property developer allegedly swindled him and two others of Rs 2.3 crore by offering substantial returns on toll plaza project investments. Police commissioner Pravin Pawar assigned the case to EOW considering its gravity, while the developer remains at large. Police records indicate that in Dec 2021, the bar owner and his wife from Bhayander, Thane, met the property developer through a common contact in Chhatrapati Sambhajinagar. During their interactions, the developer claimed connections with a prominent construction company and stated he operated a worker supply enterprise. According to police, the developer reportedly offered investment opportunities in toll plaza tenders and property projects, promising monthly returns between 2% to 8%. Despite investments from the bar owner and two associates, the promised returns never materialised. The complaint details that the businessman first invested Rs 20 lakh in Jan 2022. To establish trust, the accused paid Rs 1.2 lakh in March 2022 as quarterly returns. He then requested Rs 5 lakh more, citing urgent needs for Samruddhi Mahamarg and Bandra-Kurla Sea Link toll plaza tenders. The complainant provided the funds. On May 28, 2022, the accused received Rs 25 lakh, followed by Rs 12 lakh two days later. A formal investment agreement acknowledged Rs 75 lakh in total investments. By September 2022, the total amount reached Rs 1 crore through various requests, police stated. In 2023, after returns stopped, the investor visited the accused's residence. When asked to return the money, the accused allegedly threatened to file false molestation accusations against the investor. Two additional individuals, including the intermediary who facilitated the initial introduction, reported losses of Rs 30 lakh and Rs 50 lakh respectively. Another investor claimed a loss of Rs 50 lakh. The case, initially registered with Cidco police, is now with EOW, where inspector Sambhaji Pawar heads the investigation. Officials expect additional victims may come forward with similar complaints. Chhatrapati Sambhajinagar: The Economic Offences Wing (EOW) of the Chhatrapati Sambhajinagar police has taken charge of investigating a Thane bar owner's complaint. The complaint states that a property developer allegedly swindled him and two others of Rs 2.3 crore by offering substantial returns on toll plaza project investments. Police commissioner Pravin Pawar assigned the case to EOW considering its gravity, while the developer remains at large. Police records indicate that in Dec 2021, the bar owner and his wife from Bhayander, Thane, met the property developer through a common contact in Chhatrapati Sambhajinagar. During their interactions, the developer claimed connections with a prominent construction company and stated he operated a worker supply enterprise. According to police, the developer reportedly offered investment opportunities in toll plaza tenders and property projects, promising monthly returns between 2% to 8%. Despite investments from the bar owner and two associates, the promised returns never materialised. The complaint details that the businessman first invested Rs 20 lakh in Jan 2022. To establish trust, the accused paid Rs 1.2 lakh in March 2022 as quarterly returns. He then requested Rs 5 lakh more, citing urgent needs for Samruddhi Mahamarg and Bandra-Kurla Sea Link toll plaza tenders. The complainant provided the funds. On May 28, 2022, the accused received Rs 25 lakh, followed by Rs 12 lakh two days later. A formal investment agreement acknowledged Rs 75 lakh in total investments. By September 2022, the total amount reached Rs 1 crore through various requests, police stated. In 2023, after returns stopped, the investor visited the accused's residence. When asked to return the money, the accused allegedly threatened to file false molestation accusations against the investor. Two additional individuals, including the intermediary who facilitated the initial introduction, reported losses of Rs 30 lakh and Rs 50 lakh respectively. Another investor claimed a loss of Rs 50 lakh. The case, initially registered with Cidco police, is now with EOW, where inspector Sambhaji Pawar heads the investigation. Officials expect additional victims may come forward with similar complaints.
Time of India
02-05-2025
- Business
- Time of India
2 Aus & UK varsities to set up campuses in Navi Mumbai: CM
Mumbai: Two leading universities from Australia and the UK on Friday signed an agreement with the state govt to set up campuses in Educity, the education hub launched by Cidco in Navi Mumbai, CM Devendra Fadnavis said. The projects envisage an investment of Rs 1,500 crore in each campus. Educity will have campuses of 10-12 universities that figure in global top 100 rankings, he said. "...MoUs were signed with the University of Western Australia and University of York [in UK] to set up their campuses in Educity," Fadnavis said. Talks have been finalised with three more universities to set up campuses in the education hub, he said, adding that discussions are underway with five other foreign lauded NSE for launching Nifty Waves Index, which tracks 43 media and entertainment companies in the AVGC (animation, visual effects, gaming and comics) sector. This move will help boost the financial ecosystem in this sector, he said. The University of York campus, expected to commence operations in 2026 pending approval from University Grants Commission, will offer undergraduate and postgraduate programmes in computer science with artificial intelligence and cybersecurity, business, economics and the creative industries. York's announcement adds to the growing trend of foreign universities establishing a physical presence in India under the enabling provisions of National Education Policy.
Indian Express
26-04-2025
- Automotive
- Indian Express
Cidco unveils multi-level car parking facility in Mumbai's Kharkopar, project completed in 42 days
The City and Industrial Development Corporation (Cidco) has developed a multi-level car parking (MLCP) complex at its housing scheme in Kharkopar, under the Pradhan Mantri Awas Yojana (PMAY). Built as part of Cidco's mega-sized affordable housing plan, the parking complex is set to address the increasing parking needs in high-density residential areas. Spread over a built-up area of 1.43 lakh sqft, the building has space for 365 four-wheelers in six levels of parking, and the ground floor is earmarked for a community centre. Built on Plot No. 3 under Package 4 of Cidco's 67,000 tenement mass housing project, the MLCP caters to an acute requirement for planned parking space in the rapidly growing node of Kharkopar. Besides, the project's record-breaking completion in just 42 days, three days before the deadline, has been making waves. 'Projects like these generally take six months, but Cidco did it in less than half the time by employing state-of-the-art precast technology. More than 2,200 precast elements were employed to build the Reinforced Cement Concrete (RCC) structure from plinth to terrace,' said the Cidco spokesperson. Shantanu Goel, Cidco Joint Managing Director, in charge of the housing projects, said, 'This facility is not all about speed. It's about addressing genuine urban issues. As car ownership per capita increases and city land becomes more limited, parking has become a serious issue. MLCPs such as this are necessary to facilitate regular growth in residential areas.' The project further supports Cidco's long-term vision of developing self-sustaining, high-quality living spaces. Cidco's housing complexes — situated in Navi Mumbai nodes — already provide strong amenities and connectivity. The inclusion of dedicated parking infrastructure further enhances the convenience and safety of the residents.
