Page 2 - Parekh Constructions News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Bombay high court (HC) cancelled a no objection certificate (NOC) of Parekh Constructions LLP for defaulting on the payment of transit rent to residents of the demolished building, which the builder is redeveloping. The HC has also directed Maharashtra Housing and Area Development Authority (MHADA) to issue a formal letter for NOC cancellation without giving the developers any hearing opportunity.

Parekh Constructions, Parekh Constructions LLP and Nishcon Realty have to clear out from the project site in Chira Bazar area before Independence Day, the HC directed Friday. Mhada can appoint another builder, it added.

The Bombay High Court on Friday cancelled the No Objection Certificate (NOC) granted to Parekh Constructions LLP, developer of a redevelopment project in South Mumbai due to its default on payment of...

“We will not sit by and allow residents of this city to be treated as a necessary evil, an irritant or a nuisance in developers’ pursuit of profits or their worship of Mammon,’’ said the HC bench of Justices Gautam Patel and Neela Gokhale in a case involving rights of tenants.

The Bombay High Court called for the government to take drastic steps to ensure that developers do not default in payment of transit rent to residents/tenants whose buildings are undergoing...