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
Keystone Realtors Raises Rs 800 Crore from Institutional Investors
Mumbai-based Keystone Realtors has raised Rs 800 crore by selling shares to institutional investors
Kerala Police Hand Over Mami Missing Case to Crime Branch to Avoid CBI Probe
The Kerala police have handed over the missing case of Mohammad Attur, a prominent real estate businessman, to the Crime Branch to prevent a CBI investigation.
Home Sales in Noida and Greater Noida Increase by 6% in Q3 2024
The residential property market in Noida and Greater Noida witnessed a 6% surge in registrations during the July-September quarter, with a total of 8,128 units sold, according to real estate consultant Square Yards.
Mumbai Real Estate Market Sees Significant Growth in 2024 with 1.41 Lakh Registrations
Mumbai's real estate market is on track to register 1,41,302 property registrations in 2024, marking an 11% increase from the previous year. The market is showing resilience and a growing preference for premium and spacious homes.
2025 Outlook: The Future of Commercial Real Estate in Tier-II and Tier-III Cities
In 2025, we can expect a significant rise in commercial real estate activity in Tier-II and Tier-III cities across India, driven by factors such as low operating costs, ample space, skilled talent, and infrastructure development.
Maharashtra's Transport Minister Pratap Sarnaik Invites CREDAI to Develop MSRTC Land
The Maharashtra Transport Minister, Pratap Sarnaik, has called on the Confederation of Real Estate Developers’ Associations of India (CREDAI) to participate in the development of 1,360 hectares of land owned by the Maharashtra State Road Transport Corpora