Hindustan Times ST (Mumbai) - HT Navi Mumbai Live - - NAVI MUMBAI - G MOHIUDDIN JEDDY

The de­vel­op­ers in the city are planning a mas­sive mor­cha to CIDCO al­leg­ing de­lays in clear­ances of their pro­jects. The de­ci­sion comes in the af­ter­math of the sui­cide by lead­ing de­vel­oper Raj Kand­hari of Swaraj Group.

While the police have said that prima fa­cie Kand­hari was un­der fi­nan­cial stress, the de­vel­op­ers say that the stress is be­ing caused by de­lay in pro­jects caused by CIDCO that has re­sulted in losses of crores of ru­pees to the de­vel­op­ers.

Kand­hari’s fu­neral was held Wed­nes­day evening. The de­vel­op­ers wore back bands at the fu­neral as a mark of protest.

Said MCHI sec­re­tary, Manohar Shroff, “The de­vel­op­ers in the city are frus­trated with the policies of CIDCO man­age­ment.

Huge in­vest­ments have been made in pro­jects which are not be­ing cleared. The de­vel­op­ers have to pay in­ter­est on loan, an­swer the in­vestors and also those who have bought the homes.” He in­formed, “We have de­cided to protest in­ac­tion by CIDCO and hence have de­cided on a mor­cha to CIDCO Bha­van on May 20.”

He added, “We will en­sure that all the de­vel­op­ers in the city join us in our protest. We will show our unity to the au­thor­i­ties and send a strong mes­sage to them.”

Stated Shroff, “We will give de­tails of our plan of ac­tion at a press con­fer­ence in Vashi.”


Builders sport black bands at the fu­neral of Raj Kand­hari on Wed­nes­day.

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