Maharashtra Land Deal Sparks Controversy: Opposition Raises Concerns Over Real Estate Firm's Eligibility
Maharashtra Congress leader Vijay Wadettiwar claims state government is paying Rs 400 crore to a real estate firm despite opposition from its own housing department.
Real EstateMaharashtraControversyLand DealOpposition LeaderReal Estate MaharashtraJul 22, 2024
According to Wadettiwar, the firm has already received Rs 127 crore from the state government, even though it has not delivered a single home to the beneficiaries of the Pradhan Mantri Awas Yojana scheme. The Maharashtra Housing and Area Development Authority (MHADA) has also raised concerns about the firm's past controversies and eligibility.
The CEO of MHADA informed Wadettiwar that the firm is set to receive Rs 50 crore at each project stage, which has raised suspicions about the entire deal. The opposition is now demanding more scrutiny into the firm's past record and its eligibility for such a massive project.
The Maharashtra government's decision to go ahead with the deal has raised questions about the transparency and accountability of the state's administration. The opposition is now pressing for more information about the deal and the government's decision-making process.
Information Chadha Developers and Promoters is a real estate firm that has been involved in several projects in Maharashtra. However, the firm has faced controversy in the past related to its construction quality and project delays.
The Maharashtra Housing and Area Development Authority (MHADA) is a state-run housing agency responsible for providing affordable housing to the people of Maharashtra.
Frequently Asked Questions
How much has the Maharashtra government agreed to pay to the real estate firm?
Rs 400 crore
How much has the firm already received from the state government?
Rs 127 crore
What is the project for which the firm is receiving the payment?
Pradhan Mantri Awas Yojana scheme
Who is the CEO of MHADA that informed Wadettiwar about the deal?
Not specified
What is the name of the real estate firm involved in the controversy?
Chadha Developers and Promoters
Related News Articles
Rohan Builders Achieves Unparalleled Excellence with 14 Consecutive Years of CRISIL DA2+ Grading
Rohan Builders continues to maintain its prestigious DA2+ Developer Grading from CRISIL, demonstrating its commitment to excellence in financial and operational parameters.
Sebi Chief Remains Tight-Lipped on Real Estate Investment Trusts
REITs comprise a portfolio of commercial real estate assets, most of which are already leased out.
PGA of America Launches State-of-the-Art Golf Courses in Mumbai, Navi Mumbai, and Hyderabad
AIVOT Golf & Sports Management collaborates with Shapoorji Pallonji Real Estate, Stonecraft Group, and Tvastar Golf to introduce PGA of America-branded golf courses in Mumbai, Navi Mumbai, and Hyderabad, setting a new standard for golf excellence in India
Raymond Expands Real Estate Footprint with Mahim Project Deal
Raymond, in a strategic move, has signed a Joint Development Agreement for a prestigious residential project in the prime location of Mahim West, Mumbai.
Amrita Singh, Zaheer Khan Among Celebrities Investing in Mumbai's Luxury Real Estate
Amrita Singh and Zaheer Khan are among the latest celebrities making significant investments in Mumbai's luxury real estate market. Discover the trends and insights of these high-profile investments.
SP Group Raises $3.3 Billion from Five Funds to Boost Real Estate and Construction Projects
SP Group secures a significant $3.3 billion investment from five prominent funds, aimed at refinancing and expanding its real estate and construction projects. This strategic move will help the company solidify its position in the market and drive sustain