By mid-day correspondent | Posted 29-Jun-2016The BrihanMumbai Municipal Corporation (BMC) is going to fine a developer Rs 70 crore and will also confiscate his deposit worth Rs 1.5 crore for selling TDR illegally. Dhuri alleged that the BMC had suffered losses worth Rs 400 crore in the matter while no action had been taken against the builder. In lieu of that, he was supposed to give the civic body a TDR of 2 lakh sq feet but instead of doing so, he sold off the TDR illegally. According to the BMC, the developer was supposed to demolish the existing transit camps in Worli's Gomata Nagar and build 9 buildings there. MNS corporator Santosh Dhuri has been pursuing this matter and had taken up a point of order in Wednesday's Improvement Committee meeting.

Source: Mid-Day June 29, 2016 17:03 UTC