MHADA Redevelopment Scam: 13 Booked for ₹200 Crore Irregularities in Thane
Thane police books 13 persons from a real estate firm for involvement in ₹200 crore MHADA redevelopment scam; no arrests made
MhadaRedevelopment ScamThane PoliceReal Estate Firm200 Crore ScamReal Estate MumbaiAug 27, 2024
They took a loan of Rs 200 crore after mortgaging the documents to redevelop 10 societies' buildings. However, the firm did not start the development and used the loan for personal benefits, as per the FIR.
The police claim that the amount involved in the scam may be as high as Rs 200 crore. The FIR was filed on August 22, and no arrests have been made yet.
Tayade alleged that the NOC for the mortgage was allegedly given by the chairperson of one of the housing societies. He said, 'The development agreement was signed between the developer firm and 10 societies in which 348 members reside. However, only the plinth (foundation of the ground floor) has been constructed. We went to the developers, but they did not pay heed.'
The Chitalsar police have booked the 13 persons under various sections of the Indian Penal Code (IPC) and the Maharashtra Ownership Flats Act (MOFA).
Information
MHADA (Maharashtra Housing and Area Development Authority) is a government agency responsible for providing affordable housing to the people of Maharashtra. The redevelopment of buildings on MHADA land is a complex process that requires permission from the authority and the residents of the societies.
MHADA (Maharashtra Housing and Area Development Authority) is a government agency established in 1977 to provide affordable housing to the people of Maharashtra. The agency is responsible for the development of housing projects, including the redevelopment of existing buildings.
Frequently Asked Questions
What is the amount involved in the MHADA redevelopment scam?
The amount involved in the scam is allegedly Rs 200 crore.
Who filed the FIR in the case?
The FIR was filed by Arun Tayade, a resident of one of the societies.
How many persons have been booked in the case?
13 persons have been booked in the case.
What is the status of the arrests in the case?
No arrests have been made yet.
What is the role of MHADA in the redevelopment of buildings?
MHADA is responsible for providing permission for the redevelopment of buildings on its land.
Related News Articles
Maharashtra Bags 54 MoUs Worth Rs 15.70 Lakh Crore at Davos
Chief Minister Devendra Fadnavis is optimistic about making Maharashtra the first state with a USD 1 trillion economy, as the state signs 54 MoUs totaling Rs 15.70 lakh crore in investments at Davos.
Sonam Kapoor Appointed as Brand Ambassador for Runwal Realty
Sonam Kapoor, the renowned Bollywood actress, has been named the brand ambassador for Runwal Realty, a leading real estate developer in the Mumbai Metropolitan Region (MMR) and Pune. This strategic move aims to enhance the company's brand presence and appeal to a wider audience.
Info Edge Reports Strong Q3 FY25 with 15.8% Surge in Standalone Billings to ₹668.3 Crore
Info Edge's standalone billings for Q3 FY25 witnessed a significant 15.8% year-on-year increase to ₹668.3 crore, driven by robust growth in recruitment and real estate segments.
CBRE India Launches Investment IQ: India's First Real-Time Investment Risk Monitoring Platform
CBRE India introduces Investment IQ, a groundbreaking real-time investment risk monitoring platform designed to enhance real estate portfolio health by up to 20% and target over 50% of the market share in the segment.
Impact of Global Elections and Interest Rates on the Luxury Housing Market
The luxury housing market is expected to face temporary disruptions due to global elections and interest rate fluctuations, according to a midyear Luxury Outlook report.
GRAP: A Temporary Solution to Delhi's Air Pollution Crisis
GRAP, or the Graded Response Action Plan, is an emergency measure to combat the severe air pollution in Delhi. However, there is a need for a more comprehensive and sustained policy to address the root causes.