Piramal Realty Project Receives Stop-Work Notice from MCGM as Notice Issued to Glider Buildcon Over Construction Dispute

user Admin
  • 12th Sep 2024
  • 1690
  • 0
Piramal Realty Project Receives Stop-Work Notice from MCGM as Notice Issued to Glider Buildcon Over Construction Dispute
Never miss any update
Join our WhatsApp Channel

As per news sources, the Municipal Corporation of Greater Mumbai (MCGM) has reportedly issued a stop-work notice to Glider Buildcon Realtors, a subsidiary of Piramal Realty. The notice halts the construction of a high-rise residential tower near the Rani Baug Zoo in Byculla, South Mumbai.

This action was allegedly prompted by a complaint from an environmental activist regarding a missing No Objection Certificate (NOC) from the Zoo Authority and other potential violations.

Clarification from Piramal Realty

Piramal Realty clarified that the issue affects only a small portion of the project. The company stated that the stop-work notice concerns a minor part of the construction, and necessary steps are being taken to regularize the situation as per MCGM’s policies.

Project Details

Piramal Aranya Piramal Aranya, the project in question, is situated on a 7-acre land parcel offering views of the 60-acre botanical garden and the Arabian Sea. Glider Buildcon had initially acquired this prime land from Mafatlal Industries for ₹605 crore in 2011.

The environmental complaint highlighted that Glider Buildcon had been granted environmental clearance, provided that they secure NOCs from both the Zoo Authority and the Central Ground Water Authority.

Compliance and Progress According to the company's statement, all required premiums have been paid, and Transfer of Development Rights (TDR) has been purchased and utilized for the project. Piramal Realty has secured environmental clearances and the necessary NOC from the Zoo Authority. The company emphasized that construction is proceeding in full compliance with directives from the authorities.


Related Topics / Tags

Admin

Author

Admin

...


Comments

Add Comment

No comments yet.

Add Your Comment

Relevant Blogs

Legal
First Home? Don't Let These 8 Red Flags Turn Your Dream Into a Disaster

Here's a hard truth: That beautiful 2BHK you're eyeing could be your biggest financial mistake or your smartest investment. The difference? Knowing wh

Legal
Mumbai Housing Redevelopment Legal Risks - 7 Critical Financial Safeguards Homeowners Must Know

Legal experts and financial planners have issued urgent warnings to Mumbai homeowners, highlighting critical legal and financial pitfalls in the city'

Legal
Karnataka Cabinet Eliminates OC Requirements for Bengaluru Homes on Plots Above 1200 Sq Ft

The Karnataka Cabinet has announced a significant regulatory reform that eliminates the requirement for Occupancy Certificates (OC) for residential bu