Question 1

What are the key details for the project “SRA Project in Kandivali”?

Accepted Answer

The project “SRA Project in Kandivali” is an infrastructure initiative in the Residential sector, located in Mumbai, Maharashtra, India. Taiyo aggregates data on it from The Economic Times.

Question 2

What is the latest status of the project “SRA Project in Kandivali”?

Accepted Answer

The status recorded for “SRA Project in Kandivali” is Under Investigation.

Question 3

Who are the main government, EPC, and private stakeholders for “SRA Project in Kandivali”?

Accepted Answer

Taiyo maps the stakeholders of “SRA Project in Kandivali”: banks/investors (New India Cooperative Bank).

Question 4

What is the budget and commercial profile for the project “SRA Project in Kandivali”?

Accepted Answer

Taiyo normalizes the budget of “SRA Project in Kandivali” to USD 1491206.

Question 5

Where can I verify the source and access all details for “SRA Project in Kandivali”?

Accepted Answer

This Taiyo project page references The Economic Times along with the original URL (https://m.economictimes.com/news/india/new-india-coop-bank-embezzlement-arrested-official-says-gave-money-to-builder-for-sra-project/articleshow/118336347.cms). Taiyo standardizes official data into a consistent, searchable project profile.

Original status	Under Investigation
Taiyo status	Under Construction
Taiyo last update	2026-07-22

Description	The New India Cooperative Bank's general manager, Hitesh Mehta, was arrested for allegedly embezzling Rs 122 crore, with Rs 70 crore given to a real estate developer for an SRA project in Charkop, Kandivali. The case has raised questions about the bank's financial oversight and the use of funds.
Original sector	Real Estate
Budget

Record type	Project
Sector	Residential, Commercial
Article published date	2025-02-28

SRA Project in Kandivali

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Country	India
State	Maharashtra
City	Mumbai

SRA Project in Kandivali

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