Dharavi TDR rule will make implementation of DP 2034 hard: BMC
Fri, Feb 2, 2024 9:32 AM

Dharavi TDR rule will make implementation of DP 2034 hard: BMC

A Flip by Avya Verma
Get it on Google Play
The BMC has objected to the state government's proposal that 40% of all Transfer of Development Rights (TDR) must come from the Dharavi redevelopment project. They have stated that this will make it difficult to implement the Development Plan and may lead to reservations lapsing. They have also opposed the non-indexation of DRP TDR, stating that the project is a vital public project.

More great flips

Country Delight bags Rs 200 crore debt from Alteria Capital

Country Delight bags Rs 200 crore debt from Alteria Capital

Venture Debt firm Alteria Capital on October 31 has announced a Rs 200-crore debt investment in Gurugram-based direct-to-home food essentials brand  Country Delight as demand for fresh food delivery and quick commerce is increasing in the Indian market. This strategic funding comes at a time when Country Delight is preparing for significant expansion and an impending IPO.

Open Flip
Zaggle Prepaid board approves fund raising of up to ₹950 crore via QIP

Zaggle Prepaid board approves fund raising of up to ₹950 crore via QIP

Zaggle Prepaid Ocean Services plans to raise ₹950 crore through equity shares and securities to fund strategic growth and operational enhancements, following a 112% revenue growth in Q1FY25 with a 10.7% EBITDA margin. The company also appointed a new Non-Executive Director and saw its shares close 0.3% lower at ₹439.

Open Flip
Nazara Tech gains 4% after arm acquires UK-based marketing agency

Nazara Tech gains 4% after arm acquires UK-based marketing agency

Nazara Technologies saw its stock rise 4.2% to intraday high of ₹949.5 on the BSE, buoyed by its subsidiary Datawrkz acquiring 100% of UK growth marketing agency Space & Time. The acquisition, valued at approximately ₹52.3 crore in cash and stock, is expected to strengthen Datawrkz's growth across Europe and North America, positioning it as a significant player in the global digital advertisement.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon