The <a href="http://www.mmrdamumbai.org/" target="_blank">Mumbai Metropolitan Region Development Authority (MMRDA) </a>has recommended that builder Niranjan <a href="http://www.hiranandani.com/profile.htm" target="_blank">Hiranandani </a>should pay a penalty of nearly Rs 2,000 crore for alleged violations in a two-decade-old agreement pertaining to the Powai Area Development Scheme. <br /><br />According to government sources quoted by the Times of India, MMRDA commissioner Ratnakar Gaikwad submitted his report to the state urban development department last week. A division bench of the <a href="http://bombayhighcourt.nic.in/" target="_blank">Bombay high court </a>is currently hearing a clutch of PILs that some citizens have filed against the developer. <br /><br />When contacted, Hiranandani said, "There's no violation. How can there be any penalty? My construction has not violated a single provision at any time. All construction to date is supported by documents and permissions from the authorities concerned.'' 

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MMRDA has recommended that builder Niranjan Hiranandani should pay the penalty 

Hiranandani faces Rs 2,000-crore fine

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Home / Mumbai / Mumbai News / Article / Hiranandani faces Rs 2,000-crore fine

Hiranandani faces Rs 2,000-crore fine

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