Latest news with #DCR
Time of India
19-07-2025
- Business
- Time of India
CAG: Builders claimed benefits, didn't pass it on to buyers
MUMBAI: Builders misusing development control rules is delaying redevelopment of cessed buildings and depriving residents of their rightful claim to additional area, pointed out the Comptroller & Auditor General (CAG) in its reports. In March 2003, Mhada's Mumbai building repairs and reconstruction board (MBR&RB) issued a no objection certificate (NOC) for the redevelopment of Raghav Bhuvan and Africa House under the then-prevailing rules, which allowed a floor space index (FSI) of 2.5. Each resident was to be rehabilitated and allotted carpet area equivalent to their previous occupancy, with a minimum of 225 sq ft and a maximum of 753 sqft. In March 2011, DCR rules were amended to permit a higher FSI of 3 for such buildings, with the added condition that the size of the tenements for eligible occupants would be increased accordingly. In March 2016, the developer opted to avail of the benefits of the amended FSI scheme with a revised NOC from Mhada despite the fact that the flats already constructed did not meet the new size criteria. You Can Also Check: Mumbai AQI | Weather in Mumbai | Bank Holidays in Mumbai | Public Holidays in Mumbai In March 2019, MBR&RB issued an NOC allowing the developer to obtain an occupancy certificate (OC) for the sale component from BMC. The audit report said, "Since the size of the tenements had not been increased, the revision in the NOC was irregular and resulted in undue benefit solely to the developer - through the grant of additional built-up area (BUA) of 363.59sqm, valued at Rs 8.61 crore". by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Many Are Watching Tariffs - Few Are Watching What Nvidia Just Launched Seeking Alpha Read More Undo It added, "The increase in BUA of the rehabilitation component from 1,516.9sqm to 1,783.1sqm as per the revised NOC was only due to the inclusion of the common passage area in the BUA of the rehabilitation component without any actual increase in the size of the tenements." CAG said to check the implementation of redevelopment cases under Regulation 33(7) of DCR 1991/DCPR 2034, the audit scrutinised projects. "Out of 14 test-checked completed projects, the audit noticed that the developer had claimed benefits without providing due benefit to tenants as discussed (in the Raghav Bhuvan and Africa House case)," the report said. A tenant of one of the rehabilitated buildings said, "We were unaware of the details and were not given any additional area. In fact, the building got OC in March 2021 but still the society is not formed, which is illegal. We are facing several difficulties; our lift is not functioning since the past 24 days. No one is there to resolve the issue."
Yahoo
14-07-2025
- Politics
- Yahoo
Easthampton mayor to lead state Dept. of Conservation and Recreation
EASTHAMPTON — Easthampton Mayor Nicole LaChapelle will change hats, leaving office to take the lead at the state Department of Conservation and Recreation in the coming weeks. That leaves a vacant mayoral seat and a new executive needed to fill it. Gov. Maura Healey announced LaChapelle's new role as the DCR commissioner on Wednesday. She is set to take over for former Commissioner Brian Arrigo, starting on July 21. It opens the city to four-and-a-half months of new leadership. In Easthampton, the city charter requires a vote among city councilors to determine which of them will be the interim mayor until the November municipal election, said Maddie Palmer, assistant city clerk. A date has not yet been set for a vote on the acting mayor position, Palmer said. LaChapelle has served as mayor of the city since 2018. The DCR manages state parks and oversees close to half a million acres of Massachusetts' natural, cultural and recreational resources. LaChapelle could not be immediately reached Thursday about the new role and what she brings to it, or how she hopes to round off her time as mayor. 'The hardworking staff at DCR are the caretakers for our state, and I'm looking forward to joining the team,' said LaChapelle in a statement. 'Our forests, lakes and beaches are at the heart of Massachusetts. I've had a front row seat in Easthampton, surrounded by so many of these properties. I'm ready to get to work preserving our public lands for generations to come.' The governor's statement highlighted several of LaChapelle's conservation efforts for the city during her seven years as mayor. LaChapelle 'leveraged record-level grant funding to promote new affordable housing, protected green spaces and strengthened infrastructure,' the statement said. She also worked with the Kestrel Land Trust, an Amherst nonprofit organization that works on land and river conservation in the Connecticut River Valley, to build 90 units of affordable housing and to conserve the land along the Manhan River, the statement said. During that relationship, she also secured close to two dozen acres for the Mount Tom North Trailhead Park. LaChapelle helped qualify Easthampton for environmental preparedness grants that are part of a state program to help cities and towns be prepared for climate change. She used that money to improve stormwater management, make flood preparations and upgrade the urban tree canopy in the city. The soon-to-be commissioner also oversaw Easthampton's Green Infrastructure Plan, with goals for its rivers and other natural resources to be cleaner and restored. Through this plan, she helped the redesign of the New City neighborhood, which created a new park, added multi-use paths and improved the sewer system. In 2021, she led the charge in offering city employees benefits if they transitioned to electric vehicles — the first mayor in the country to make that decision. This was a part of the city's mission to change over its entire fleet to electric. Last year, the city finished its Climate Action Plan, which set forward-looking goals for Easthampton to achieve a 50% reduction in greenhouse gas emissions by 2030, 75% reduction in greenhouse gas emissions by 2040 and net-zero by 2050. She also hired Easthampton's first sustainability coordinator to advance these initiatives. Springfield Pharmacy plans new location, with groceries, at shuttered State St. Walgreens Tractor-trailer crash on I-90 in Charlton slowed traffic for hours Thursday morning Holyoke college's police chief is a 'heroine.' This is why (The Republican Editorials) At this church-turned-music-venue in Springfield, a mission to make arts accessible plays on Pridelands on Mane Street opens with live music, and cold local beer on tap Read the original article on MassLive.
Time of India
08-07-2025
- Business
- Time of India
Shakti Pumps raises ₹292 crore via QIP
NEW DELHI: Solar pumps maker Shakti Pumps (India) Ltd on Monday said it has raised Rs 292.60 crore through Qualified Institutional Placement . The company issued 31.87 lakh shares to qualified institutional investors at Rs 918 per share, a 4.97 per cent discount to the Sebi floor price of Rs 965.96. The proceeds will be used to establish a high efficiency solar domestic content requirement (DCR) cell and solar PV modules manufacturing plant in Pithampur , Madhya Pradesh, through subsidiary Shakti Energy Solutions, with a production capacity of 2.20 GW, the company said in a statement. The in-house manufacturing of solar DCR cells will enhance backward integration and allow greater control over the entire value chain, thereby benefitting the company. " underscores the trust our investors have in our business model and growth strategy. We look to leverage these funds to advance our growth initiatives and enhance value for all stakeholders," Chairman Dinesh Patidar said. Madhya Pradesh-based Shakti Pumps manufactures solar pumps, energy-efficient stainless-steel submersible pumps, pressure booster pumps, pump motors and other products. The company has two manufacturing facilities with a combined capacity of 5,00,000 pumps per year in India.
The Print
08-07-2025
- Business
- The Print
Shakti Pumps raises Rs 292 cr via QIP
The proceeds will be used to establish a high efficiency solar domestic content requirement (DCR) cell and solar PV modules manufacturing plant in Pithampur, Madhya Pradesh, through subsidiary Shakti Energy Solutions, with a production capacity of 2.20 GW, the company said in a statement. The company issued 31.87 lakh shares to qualified institutional investors at Rs 918 per share, a 4.97 per cent discount to the Sebi floor price of Rs 965.96. New Delhi, Jul 7 (PTI) Solar pumps maker Shakti Pumps (India) Ltd on Monday said it has raised Rs 292.60 crore through Qualified Institutional Placement. The in-house manufacturing of solar DCR cells will enhance backward integration and allow greater control over the entire value chain, thereby benefitting the company. 'This…fundraising underscores the trust our investors have in our business model and growth strategy. We look to leverage these funds to advance our growth initiatives and enhance value for all stakeholders,' Chairman Dinesh Patidar said. Madhya Pradesh-based Shakti Pumps manufactures solar pumps, energy-efficient stainless-steel submersible pumps, pressure booster pumps, pump motors and other products. The company has two manufacturing facilities with a combined capacity of 5,00,000 pumps per year in India. PTI ABI ABI ANU ANU ANU This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Hindustan Times
04-07-2025
- Business
- Hindustan Times
Rent for tenants of dangerous cessed bldgs to be hiked to ₹30,000/ month: Minister
Mumbai: The state government will consider increasing the monthly rent given to tenants of dangerously dilapidated cessed buildings in Mumbai which are undergoing redevelopment from ₹20,000 to ₹30,000, minister of state for urban development Pankaj Bhoyar said in the state assembly on Thursday. There are around 13,000 cessed buildings in the island city and most of them are in dilapidated condition. (Satish Bate/HT PHOTO) 'During redevelopment, tenants will have to stay elsewhere and the amount of rent fixed at ₹20,000 per month is very less. Hence, the government will consider increasing the rent to ₹30,000 per month,' Bhoyar said. No objection certificates (NoC) issued to developers for redevelopment of cessed buildings under Development Control Regulation (DCR) 33 (7) will be also cancelled in cases where work has not commenced despite the passage of three years, the minister said. Bhoyar was responding to complaints of delay in the redevelopment of cessed buildings, raised by several legislators from the city cutting across party lines. Cessed buildings refer to buildings constructed between 1940 and 1969 that are maintained by the Mumbai Building Repair and Reconstruction Board (MBRRB) of the Maharashtra Housing and Area Development Authority (Mhada). There are around 13,000 cessed buildings in the island city whose tenants pay a tax or cess to the housing authority towards maintenance and repairs. The MBRRB had declared 96 cessed buildings as dangerous following a pre-monsoon survey this year. DCR 33 (7) governs the redevelopment of cessed buildings. In December 2022, the state government introduced clause 79 (A) in the Mhada Act, 1976, allowing the housing authority to undertake redevelopment of dilapidated cessed buildings in cases where owners or tenants failed to appoint a developer. Though the objective of the amendment was to ensure speedy redevelopment of cessed buildings, not a single redevelopment proposal has been approved by the state government since then, legislators from the city said in the assembly on Thursday. Congress MLA Amin Patel pointed out that 14 proposals were still pending with the state government. 'Section 79(A) is applicable to buildings classified as C1 structures, which are extremely dangerous and unfit for habitation. But the clause should apply to C2 structures, which require only partial demolition and major structural repairs,' he said. Bhoyar accepted that 14 proposals were pending with the government and attributed the delay to litigation. 'In some cases, land owners conducted third party audits and approached the courts, saying redevelopment was not required, which led to delays. The government will approve the proposals at the earliest,' the minister said. The government will also consider extending section 79 (A) of the Mhada Act to C2 structures, he said.
