 "Sahara Group faces urgent Supreme Court directives to deposit ₹1,000 crore or risk losing valuable Mumbai land in ongoing legal turmoil.")
The Supreme Court has ordered the Sahara Group to deposit Rs 1,000 crore into an escrow account within 15 days and is allowing them to form a joint venture to develop their Versova land in Mumbai. This is part of a broader effort to ensure the return of Rs 10,000 crore to investors, as mandated ...
 "Prestige Estates raises ₹5,000 crore amid declining profits, expanding into Mumbai and Delhi-NCR markets despite project launch delays.")
Prestige Estates Projects Ltd, a major real estate developer, has successfully raised Rs 5,000 crore through a Qualified Institutional Placement (QIP) aimed at institutional investors. The share allocation consisted of nearly 29.9 million equity shares priced at Rs 1,674 each, reflecting a 4.62% discount from the floor price. With a strong presence in southern India, ...
 "Surge in Mumbai Property Registrations: Government Eyes ₹1,050 Crore Windfall")
In August 2024, property registrations in the Mumbai municipal region are projected to rise by 7 percent, reaching approximately 11,650 units, according to Knight Frank India. This marks an increase from 10,902 registrations in August 2023, reflecting strong demand in both the primary and secondary property markets. The Maharashtra government is expected to generate over ...
 "Chaos in Mumbai: Harbour Line Train Services Halted Due to Equipment Fail")
Local train services on the Harbour line of Mumbai’s Central Railway faced disruptions on August 31, 2024, due to a malfunction in the overhead equipment between Mankhurd and Vashi stations. The issue began around 7:30 AM, halting services for two hours and causing delays of over 30 minutes once operations resumed. Commuters were significantly affected ...
Today’s Current Affairs: Latest Highlights Today’s Current Affairs presents a dynamic mix of updates and events shaping the day. As Maharashtra wrapped up its final phase of the Lok Sabha elections, voter turnout in Mumbai was notably low, marred by long waiting times, missing names on voter lists, and inadequate facilities. Concerns were raised by ...
Today’s Current Affairs: Kartik Aaryan Attends Uncle-Aunt’s Funeral After Mumbai Hoarding Collapse Tragedy Kartik Aaryan recently suffered a personal tragedy when his uncle and aunt lost their lives in a tragic hoarding collapse incident in Mumbai. The actor attended their funeral, showing his love and support during this difficult time. The couple, who were in ...
Today’s Current Affairs: Businessman Behind Mumbai Billboard Collapse Arrested After Evading Police for 3 Days Bhavesh Bhinde, the businessman responsible for the tragic billboard collapse in Mumbai’s Ghatkopar, was apprehended in Rajasthan’s Udaipur after a intense manhunt. The collapse resulted in 16 deaths and 75 injuries, sparking calls for stricter safety regulations in the city. ...
