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In Maharashtra’s Thane district, police have registered a case of alleged fraud involving two construction company owners accused of deceiving a family of ₹1.2 crore. The incident came to light after a 28-year-old woman from Thane’s Rabodi area lodged a complaint against the two accused, who are brothers. The accused allegedly persuaded the woman, her mother, and her sister to invest the substantial sum in their construction company based in Mumbai’s Bandra area. Promises were made of a significant payout within five years or, alternatively, the option of acquiring two or three apartments in the city’s prime real estate zone. According to the complaint, the woman’s family entered the deal on December 31, 2022, convinced by assurances of either a return of ₹3 crore over five years or property options in Bandra. To meet the required investment amount, the family borrowed funds from various sources, entrusting their money with the accused based on the lucrative promises. The police official handling the case noted that the family, enticed by the seemingly profitable terms, had not foreseen the outcome that would follow. In May 2023, however, when the family attempted to reclaim their funds and the anticipated profit, the accused allegedly declined the request. The complainant stated that the brothers not only refused to pay but also reportedly threatened the family, citing powerful connections that would shield them from legal repercussions. This behaviour alarmed the family, leading them to seek legal recourse. The Rabodi police have filed a case against the accused under various sections of the Indian Penal Code, including Section 420 for cheating, Section 406 for criminal breach of trust, and Section 506 for criminal intimidation. Additionally, charges were filed under Section 34, indicating common intention, along with relevant provisions of the Maharashtra Protection of Interest of Depositors Act. The case highlights the dangers that investors may face when lured by high-return promises in unregulated sectors. Fraudulent schemes in real estate and construction have been known to target individuals and families looking for profitable investments, often leaving them with financial losses and emotional distress. Authorities are continuing investigations, with the Rabodi police closely monitoring the case to gather further evidence. This incident is expected to bring more attention to regulatory practices within the real estate industry and underscore the need for stricter oversight to protect potential investors from falling prey to deceitful operators. (with PTI inputs)

Thane family loses Rs 1.2 crore as they get cheated by construction company, details here

As Mumbai, India's financial capital, witnessed vertical growth over the years with highrises dotting its skyline, some 'gaothans' (villages) have held onto their heritage and legacy. Ranwar, in the heart of Bandra, is one such village that has resisted the urge to make way for towering structures. Dwarfed by highrises, the East Indian-majority village has narrow streets lined with old quaint bungalows and crosses outside homes. With jazz music streaming in the air, walking around the area can transport you to a simpler time. While Bandra developed rapidly and became home to Bollywood's elite and a burgeoning street shopping hub, residents of Ranwar maintained their old bungalows. The coexistence, however, has come at a price, causing traffic issues and crowding. And now, plans are afoot to give the 300-year-old village a facelift while preserving the past. Talking to PTI, <keyword id="23283968" type="General" weightage="20" keywordseo="Johan-Dharmai" source="Orion">Johan Dharmai</keyword>, BJP secretary and a member of the East Indian community, said, "Locals want to preserve the heritage. One of the steps in the facelift plan is to close vehicle movement and build a walkway so that tourists can take a stroll and enjoy the architecture." Though many houses in Ranwar are now being redeveloped, Veronica Street has maintained its old-world charm. It has a square erected in 1866. However, honking rents the air on this street, as motorists see it as a shortcut to Bandra Reclamation and other areas. Mehboob Studio is just a stone's throw away, and senior citizens living on Veronica Street recall seeing actors Helen and Zeenat Aman around Ranwar. A beautification, restoration and conservation project is being initiated to improve safety, regulate traffic and create awareness about the centuries-old village. Mumbai BJP president and <keyword id="20238930" type="General" weightage="20" keywordseo="Bandra-West" source="keywords">Bandra West</keyword> MLA Ashish Shelar recently met locals to discuss ways to move the project forward. "The beauty of Bandra West is its 'gaothans'. The heritage needs to be protected and showcased. I have asked the government to allocate funds from the District Planning Development Committee (DPDC). <keyword id="23283965" type="General" weightage="20" keywordseo="Ranwar-Village" source="keywords">Ranwar village</keyword> will get a facelift. The work has begun on roads, CCTV cameras, street light illumination, parking and traffic plan will be in place with the help of locals and architects," Shelar told PTI. <keyword id="23283967" type="General" weightage="20" keywordseo="Architect-Samir-DMonte" source="keywords">Architect Samir D'Monte</keyword> has been working with the Ranwar Veronica Street Residents' Association since 2009, and they identified a range of problems that the area faced. D'Monte said improvements were made to open spaces and common areas, roads, sewage and drainage systems, street signage, street lighting and traffic and parking management. Apart from this, individual houses were restored, and an innovative fire system was also introduced. Locals say most residents are senior citizens and want to live peacefully without disturbances by motorists. Kaevan Umrigar of Khaki Tours, who works to create awareness about Mumbai's heritage, said Bandra comprised 23 gaothans that housed fisher folk, Kunbis (a farming community) and the agris community who had salt pans. "Ranwar was a farming village, and the area had paddy fields. Later, these paddy fields made way for urban settlements. These little villages are now trapped in the city. Now, only 10 to 15 gaothans in Bandra have survived," he said. But preserving heritage comes at a cost, and if a 'gaothan' comes under heritage guidelines, it becomes difficult to upgrade a home in the area or live a modern life, Umigar said, adding that heritage should be made attractive by tapping the tourism potential of these areas. 'Gaothans' in Mumbai and the larger Mumbai metropolitan region (MMR) are urban villages that house the city's original inhabitants. The Mumbai suburban district collector and Brihanmumbai Municipal Corporation (BMC) have been roped in for Ranwar's facelift plan. Umigar calls land scarcity a threat to 'gaothans', with only 100 left in the city. "When someone wants to develop gaothans, they want to do it vertically. There is a constant battle between heritage and development. They (villages) survive because the houses are tightly packed and on narrow lanes. So individual houses are not attractive for redevelopment, and parking becomes an issue," he said.

300-year-old Bandra village to get facelift to conserve its glorious past

The financial capital of the country, <keyword id="19895282" type="General" weightage="20" keywordseo="Mumbai" source="keywords">Mumbai</keyword>, is set to get its first <keyword id="22447857" type="General" weightage="20" keywordseo="underground-metro" source="keywords">underground metro</keyword> (<keyword id="20470518" type="General" weightage="20" keywordseo="Aqua-Line" source="keywords">Aqua Line</keyword>) on July 24, <keyword id="19931558" type="General" weightage="20" keywordseo="Bharatiya-Janata-Party" source="keywords" meta.keywordsubtype="org" meta.entityname="Bharatiya Janata Party" meta.hostid="261" meta.entityid="Bharatiya Janata Party">Bharatiya Janata Party</keyword>'s general secretary Vinod Tawde said in a post on "X". BJP Leader Tawde said in a post on social media "X", "Prime Minister @NarendraModi ji had given a guarantee to make the life of Mumbaikars easier and this is going to be fulfilled. Mumbai's first underground metro (Aqua Line) is starting from July 24, which will give new impetus to the speed of the city." This new metro line will cover a distance of 33.5 kilometres. Mumbai's first underground metro line will run through Colaba, <keyword id="19907248" type="General" weightage="20" keywordseo="Bandra" source="keywords">Bandra</keyword>, and <keyword id="20170419" type="General" weightage="20" keywordseo="SEEPZ" source="keywords">SEEPZ</keyword> (Santacruz Electronics Export Processing Zone). Running a 33.5 km route from Aarey Colony to Cuffe Parade with 27 stops, it will transform urban transit, easing travel across Mumbai's streets and reducing traffic congestion. The new metro line will have stations at Cuffe Parade, Vidhan Bhavan, Churchgate, Hutatma Chowk, CST Metro, Kalbadevi, Girgaon, Grant Road, Mumbai Central Metro, Mahalaxmi, Science Museum, Acharya Atre Chowk, Worli, Siddhivinayak, Dadar, Shitladevi, Dharavi, BKC, Vidyanagari, Santacruz, Domestic Airport, Sahar Road, International Airport, Marol Naka, MIDC, SEEPs and Aarey Depot. Separately, in the last week of June this year, the government of Maharashtra decided to complete the <keyword id="21117856" type="General" weightage="100" keywordseo="Mumbai-Metro" source="keywords">Mumbai Metro</keyword> 3 project by the end of December 2024. The first phase of Mumbai Metro 3, will run between SEEPZ (Santacruz Electronics Export Processing Zone) and Bandra Kurla Complex. The project will be completed by the end of December 2024, which was initially scheduled to be completed by September 2024. During the cabinet meeting, Maharashtra's Chief Minister Eknath Shinde gave its nod to giving the state government's share of Rs 1,163 crore directly to the Mumbai Metro Rail Corporation, instead of the Mumbai Metropolitan Region Development Authority (MMRDA) for the completion of the project. According to the government, the project has achieved the completion of 98% and its revised cost is Rs 37,275.50 crore. As per the information available on the website of Mumbai Metro Rail Corporation, about 99.2% of civil works under the project have been completed. About 97% of the overall station construction has been completed. Under the project, tunnelling works have been fully completed, while 77.6% of overall systems work, depot civil works 99.8% and mainline track works have been completed almost 87% The introduction of the metro transportation system has witnessed a significant response in the city as the daily ridership of the Mumbai Metro has witnessed a significant increase. On July 24, 2023, the ridership reached 2,12,490, followed by 2,18,635 on July 25, 2023. The highest recorded ridership was on July 26, 2023, with 2,22,290 passengers. This surge in ridership has been observed specifically on the Metro 2A and 7 lines, Mumbai Metro Rail Corporation said in a release.

Mumbai's first underground metro line set to begin operations on July 24

<ul><li>India’s first Apple Store to open in Mumbai’ <keyword id="8181526" type="UNKNOWN" weightage="20" keywordseo="maker-maxity-mall">Maker Maxity mall</keyword> located in the commercial hub of the Bandra Kurla Complex (BKC). </li><li>Sources say construction of the store is already underway and the store will open in September next year. </li><li>Apple has reportedly leased 20,000 to 25,000 square feet of space to build its store across three floors. </li></ul>Apple and its fans in India have waited for this moment for a long time. It looks like the <a href="https://www.businessinsider.in/apple-store-to-launch-in-mumbai-soon/articleshow/69246612.cms">first signature Apple Store in India</a> will be launching soon and in one of Mumbai’s most posh localities — the Bandra Kurla Complex (BKC). Apple has reportedly leased 20,000 - 25,000 square feet to build its store in the Maker Maxity mall, co-owned by Reliance Industries, according to sources who spoke to the <a href="https://economictimes.indiatimes.com/industry/cons-products/electronics/apples-1st-own-india-outlet-to-come-up-at-bkc/articleshow/71415749.cms">Economic Times.</a> This will make it thrice the size of its largest franchisee store in India, which is around 8,000 square feet. Apparently the construction of the store is already underway and it will spread over three floors when it opens in September next year. The store will be similar to those in Hong Kong, which are around the same size. Apple did not confirm that it is currently building the store but stated, “We appreciate the support and hard work by Prime Minister Modi and his team to make this possible and we look forward to one day welcoming customers to India’s first Apple retail store. It will take us some time to get our plans underway and we’ll have more to announce at a future date.” Nothing to do with FDI norms Apple had already <a href="https://www.businessinsider.in/apple-store-to-launch-in-mumbai-soon/articleshow/69246612.cms">announced plans</a> of launching its store in India in May, before the easing of foreign direct investment (FDI) norms in August this year. It plans to manufacture more high-end devices in India so that it could meet the government’s requirement to sourcing 30% of its material locally. Increasing its manufacturing in India was also a fall-out of the US-China trade war. Apple’s sales in China had been suffering, the local manufacturing sector was contracting and the company decided to <a href="https://www.businessinsider.in/apple-iphone-mass-production-is-shifting-from-china-to-india-solving-a-key-problem-for-the-company/articleshow/68891132.cms">shift its base of operations</a>. But, the easing of FDI norms was beneficial for Apple — just in a different way. It allowed the company to set up its webstore for india. <a href="https://www.businessinsider.in/apples-webstore-could-be-up-and-running-in-5-months-as-india-eases-fdi-norms/articleshow/70887117.cms">Apple has plans to launch its new webstore</a> within the next three months, which will allow customers to order products the company’s full range of products online — even before the Apple Store is set up. See also: <a href="https://www.businessinsider.in/apple-store-to-launch-in-mumbai-soon/articleshow/69246612.cms">Apple Store to arrive in India, most likely on the shores of Mumbai</a> <a href="https://www.businessinsider.in/apple-iphone-mass-production-is-shifting-from-china-to-india-solving-a-key-problem-for-the-company/articleshow/68891132.cms">Apple iPhone mass production is shifting from China to India — solving a key problem for the company</a>

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Thane family loses Rs 1.2 crore as they get cheated by construction company, details here

BI India Bureau

300-year-old Bandra village to get facelift to conserve its glorious past

PTI

Mumbai's first underground metro line set to begin operations on July 24

ANI

India’s first Apple Store opening in the Bandra Kurla Complex in Mumbai

BI India Tech Bureau

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