The SPV was promoted by Ahuja Hive, now known as Hive Carbon-Zero Developers, for the development of a project in Mumbai’s Jogeshwari suburb, and has been controlled and managed by Chinese group Fosun since 2022.
Mumbai: The ownership of SRA rehabilitation flats, allotted free of cost to project-affected persons, cannot be transferred within 10 years of allotment, except to heirs.
Tenancy rights for the slum units had exchanged hands earlier for up to Rs 2.3 crore, the HC was informed by the developer undertaking the work at BKC.