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Hindustan Times
13 hours ago
- Business
- Hindustan Times
PMRDA plans new roads to ease Hinjewadi traffic
To address persistent traffic congestion and civic issues in the Hinjewadi IT hub and surrounding areas, the Pune Metropolitan Region Development Authority (PMRDA) is pushing forward with plans to develop a new road network. On Thursday, PMRDA Metropolitan commissioner Yogesh Mhase met with farmers at the Aundh office to discuss land acquisition for the proposed infrastructure projects. On Thursday, PMRDA Metropolitan commissioner Yogesh Mhase met with farmers at the Aundh office to discuss land acquisition for the proposed infrastructure projects. (HT PHOTO) Villagers from Hinjewadi and Maan have raised strong objections to PMRDA's plan for a 32-metre-wide road through the village (Gaothan) area. In a recent Gram Sabha meeting, they passed a resolution demanding that the width be restricted to 24 metres. The villagers have warned that they will approach the courts if their concerns are not addressed. In response, PMRDA organised Thursday's meeting to engage directly with local stakeholders. Mhase assured the farmers that the land acquisition process would be conducted with full transparency and in coordination with the affected parties. 'No farmer will incur losses. The acquisition will be carried out while protecting the rights of landowners and ensuring they receive proper compensation,' he said. He further noted that farmers who voluntarily consent to land acquisition will be eligible for 25% additional compensation from the government. The proposed road network is designed to alleviate traffic congestion in Hinjewadi and improve overall urban mobility in the region. During the meeting, Mhase outlined various land acquisition models, including direct purchase, consent purchase, Transfer of Development Rights (TDR), and incentive Floor Space Index (FSI). He also addressed farmers' queries and concerns regarding compensation and legal procedures. Ganesh Jambhulkar, Sarpanch of Hinjewadi, said, 'We met with the PMRDA commissioner and discussed the road-widening issue. They understood our concerns and demands. On Friday, Deputy Chief Minister Ajit Pawar is expected to meet with PMRDA officials and villagers. We hope he will help find a solution.' TDR benefits for affected farmers In a written appeal, the PMRDA commissioner informed farmers that those affected by the land acquisition process in Hinjewadi, Maan, and Marunji will be eligible for TDR benefits. Key road alignments covered under the plan include Pandav Nagar to Maan Gaothan to Phase 3 (T Junction), Laxmi Chowk to Padmabhushan Chowk to Wipro Circle, Mezzanine to Laxmi Chowk and Laxmi Chowk to Marunji. Shindevasti to Jagtap Chowk (Kasarsai Road), Madhuban Hotel (PMC limits) to Shivaji Chowk
Indian Express
2 days ago
- Business
- Indian Express
Court accepts ED closure report in cheating, forgery case
A special court accepted a closure report filed by the Enforcement Directorate (ED) in a case against a realtor who had been facing allegations of cheating and forgery to avail a transfer of development rights worth Rs 30 crore. The ED case filed against the realtor and two others was closed by the court, following the closure of the case filed on the same issue by the Economic Offences Wing (EOW). The EOW and ED has filed a case against Ghatkopar based realtor Mukesh Mehta and two others, Hirji Kenia and Jitendra Makda. The EOW, and later the ED, found that the case resulted out of a misunderstanding with the complainant, whose father was part of the same real estate firm as the accused. The agency also submitted to the court that a Memorandum of Understanding was signed by the parties in 2021 and said that no forgery had taken place. The court in its order on August 4 said that since the EOW has filed a closure report and the complainant too has given a no objection, the ED's plea for closing the case can be accepted. The allegations against the three accused – one of whom, Kenia, died pending trial – were that they were part of a real estate firm involved in construction work. In 1972, the firm had acquired a prime plot in Oshiwara area of Andheri in the name of one of the partners on behalf of the firm. The complaint alleged that the three accused had sold off the property without consent of the other remaining partners in the firm and also evaded stamp duty. The accused were also alleged of having sold the Floor Space Index of the property and cheated the others to the tune of Rs 30 crore. The ED had launched a probe under money laundering against the accused.
Hindustan Times
2 days ago
- Business
- Hindustan Times
BMC demolishes illegal bar, restaurant at Kamala Mills
MUMBAI: The Brihanmumbai Municipal Corporation (BMC) on Tuesday took stringent action against Living Liquidz restaurants located in NRK House, Kamala Mills compound in Lower Parel, by demolishing its unauthorised construction and cancelling both of its restaurant licenses. Living Liquidz had allegedly illegally converted the ground and first floors, originally meant for a tailoring shop and a garment shop, into restaurants with a bar and wine shop and dining area, respectively, as per BMC. Living Liquidz, also known as Mumbai Wines and Traders (P) Ltd, had illegally converted the ground and first floors, originally meant for a tailoring shop and a garment shop, into restaurants with a bar and wine shop and dining area, respectively. This unauthorised change in user, without a change in user permit, led to the BMC's stringent crackdown. Swapnaja Kshirsagar, assistant commissioner, G South Ward, said to HT, 'There were several violations. They were operating beyond the approved plan from the building proposals department and had changed the user. They were operating restaurants too, without a change in user permission.' Following complaints of unauthorised constructions, encroachments, and illegal operation of restaurants, pubs, and bars at the IT Park in the Kamala Mills compound, additional municipal commissioner Ashwini Joshi directed officials to inspect the premises and take action. Accordingly, on July 31, demolition and seizure operations were carried out at Theobroma, McDonald's, Shiv Sagar Hotel, Nano's Café, Starbucks, Bira Taproom, Toast Pasta Bar (Food by Devika), and BKT House in the Kamala Mills premises for unauthorised constructions. Continuing this intensive campaign, the BMC conducted a joint inspection of the Living Liquidz premises on August 4 and 5. During the inspection, officials found that shops on the ground and first floors were illegally transformed into restaurants. The establishment had also violated Floor Space Index (FSI) regulations by covering open spaces and constructing unauthorised roofing on the terrace. They discovered several other construction violations, including illegal wall constructions, unauthorised conversion of a space into a cold storage room, unauthorised alterations in the door structures, and the erection of wooden and glass partitions. Based on this inspection, the BMC issued a stop-work notice to Living Liquidz on Monday and demolished its premises on Tuesday. Furthermore, as the unauthorised commercial expansion was done without a mandatory fire safety certification, thereby posing a threat to public safety, the BMC cancelled its restaurant licenses. Following Joshi's directives, the joint operation was carried out in the presence of Deputy Municipal Commissioner (zone-2) Prashant Sapkale and Kshirsagar. Officials and staff from BMC's health, building and factories, and building proposal departments, as well as from the state excise department, participated in the operation. Similar actions will be taken against irregularities and unauthorised constructions or encroachments found elsewhere, as was done in the Kamala Mills area, to continue the campaign consistently, the BMC stated. Despite several attempts, Living Liquidz remained unavailable for comment.
Hindustan Times
29-07-2025
- Politics
- Hindustan Times
HC orders demolition of illegal 6-storey building in Kalyan
MUMBAI: The Bombay high court has directed the Kalyan Dombivali Municipal Corporation (KDMC) to take appropriate steps to demolish an illegal six-storeyed building at Govindwadi in Kalyan within two months. A demolition notice was issued to the building in August 2024, but no action was taken against it thereafter, which could embolden others to construct similar buildings without first obtaining the necessary permissions, the court said, (Shutterstock) The division bench of justices GS Kulkarni and Arif Doctor was hearing a petition filed by Safwan Jafar Hussain Sayyad, a local resident. On July 23, 2024, Sayyad had filed a complaint with the ward officer of ward 3C and the KDMC commissioner, claiming a ground-plus-six storeyed building, Siyam Villa, had been constructed illegally without any planning permission, and requested the civic authorities to take appropriate action against it. Accordingly, on August 6, 2024, KDMC officials issued a show cause notice to the builder, asking them to explain during a personal hearing if the said building was a legal structure and provide supporting documents. Failure to provide an explanation and documents would result in appropriate legal action, the builder was told. Since Sayyad's complaint was not addressed over the next two months, in October 2024, he submitted a representation to civic officials and subsequently approached the high court, contending that the inaction made it clear that KDMC officers were hand-in-glove with the developer. Section 260 of the Mumbai Municipal Corporation Act mandates that the municipal bodies must take action against illegally constructed buildings and accordingly, the KDMC should take the demolition notice to its logical end, the plea stated. The developer resisted the petition, contending that they had applied to the KDMC for regularisation of the building in July 2024 and since the application was pending, there was no question of taking any action during pendency of the plea. Being owners of the plot on which the building stood, they had constructed the building adhering to Floor Space Index norms and pursuant to their application for its regularisation, the assistant commissioner, KDMC, had issued a notice dated February 24, 2025, granting them a personal hearing, the developer said. However, responding to a court query, the developer's counsel conceded that no planning permission had been obtained before commencing construction of the building. 'The said building being wholly illegal, must first be demolished, and after which, the developers if they so desire may apply for a permission, and if such permission is sanctioned, carry on construction in accordance with such permission,' the court said. The bench directed the KDMC to execute the demolition notice issued in August 2024 within two months by following due processes of law.
News18
24-07-2025
- Business
- News18
PhysicsWallah, Saatvik Green Energy, 5 others get Sebis nod to launch IPOs
New Delhi, Jul 24 (PTI) As many as seven companies, including edtech unicorn PhysicsWallah and solar panel maker Saatvik Green Energy, have received Sebi's go ahead to launch initial public offerings (IPO), an update with the regulator showed on Thursday. Others that received regulatory clearance are Vinir Engineering, real estate company Pranav Constructions, roof-top solar solutions provider Fujiyama Power Systems, cash logistics solutions provider SIS Cash Services and chemical manufacturing firm Anlon Healthcare. These companies, which filed their preliminary IPO papers between January and April, obtained Sebi's observations during July 14-18, the update showed. In Sebi's parlance, receiving observations is equivalent to getting the approval to proceed with a public issue. Meanwhile, Gaudium IVF and Women Health, which filed its IPO documents in January, withdrew its draft papers, the update showed. During the January-June period of 2025, as many as 24 companies mobilised Rs 45,351 crore through IPO compared to Rs 31,281 crore raised by 36 firms during the same period last year, according to data shared by merchant bankers. Moreover, in July, at least eight companies have already launched their maiden public offerings and another five are scheduled to open in the next few days. PhysicsWallah filed its draft IPO papers in March with Sebi through a confidential pre-filing route. The confidential pre-filing route allows the company to withhold public disclosure of details under the draft red herring prospectus (DRHP). Satvik Green Energy is aiming to raise Rs 1,150 crore through its maiden public issue. The Haryana-based company's IPO is a combination of fresh issue of shares worth Rs 850 crore and an offer for sale (OFS) component of Rs 300 crore by promoters, according to the draft papers. Proceeds from the fresh issue will be used to pay debt, investment in its subsidiary Saatvik Solar Industries, in the form of debt or equity for payment of borrowings, for setting up of a 4 GW solar PV module manufacturing facility in Odisha, and for general corporate purposes. The IPO of Pranav Constructions, a Mumbai-based real estate developer, involves a combination of a fresh issuance of Rs 392 crore and an OFS of 28.57 lakh shares by the promoter and an investor shareholder. The company intends to use the proceeds from its fresh issuance worth Rs 223.75 crore towards obtaining government and statutory approvals, purchasing additional FSI (Floor Space Index), compensating members for alternate accommodation, and addressing hardship compensation for certain under-construction and upcoming redevelopment projects. Additionally, Rs 74 crore will be used for debt repayment, acquiring future redevelopment projects, and a portion will be used for covering general corporate expenses. Vinir Engineering's IPO is entirely an OFS of up to 5.33 crore equity shares by promoter Nitesh Gupta. Greater-Noida-based Fujiyama Power Systems' IPO is a combination of a fresh issue of equity shares worth Rs 600 crore and an OFS of 2 crore shares by promoters. Proceeds from the fresh issue are proposed to be utilised towards financing the cost of establishing the manufacturing facility in Ratlam, Madhya Pradesh, repayment of debt, and general corporate purposes. SIS Cash Services' IPO is a mix of fresh issue of shares worth Rs 100 crore and an OFS of 37.15 lakh shares by promoters. The capital raised from the fresh issue to the tune of Rs 37.59 crore will be used for the purchase of cash vehicles and fabrication of the secured vehicle, Rs 29.81 crore for payment of debt and a portion will be used for general corporate purposes. Anlon Healthcare's IPO will comprise solely of a fresh issue of 1.4 crore equity shares with no OFS component. Proceeds from the IPO will be used for the expansion of the company's manufacturing facility, payment of debt, supporting working capital needs, and general corporate requirements. All the seven companies will be listed on the BSE and NSE. PTI SP SHW SHW (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 24, 2025, 17:45 IST News agency-feeds PhysicsWallah, Saatvik Green Energy, 5 others get Sebis nod to launch IPOs Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
