'Occupy Dalal Street': Chaos, traffic woes await

You can look forward to chaos in South Bombay from this Friday.“An Indian version of the Occupy Wall Street protests, which is under way in as many as 1,500 cities spanning 82 nations, will begin in Mumbai on November 4 under the banner of 'Occupy Dalal Street'. The indefinite stir against corporate greed and the failure of the capitalist model of development is being spearheaded by Communist Party of India and its students wing All-India Youth Federation in Mumbai, a CPI spokesperson said,” reports Rediff.

You can look forward to chaos in South Bombay from this Friday. Reuters

More traffic woes. “The deadlock between the Petrol Pump Owners' Association and the Mahanagar Gas Limited (MGL) over the commission rates for sale of compressed natural gas (CNG) in the city continued on Monday."The call to observe a strike from November 2 has not been taken back. Since there is no communication from the MGL, we are forced to take such an extreme measure," he said,” says DNA.

CNNgo has a visual feature on Sustainable solutions from Mumbai's streets. For example, the ear-cleaners, who are thus described: “Mumbai's kaan-saaf wallas (ear cleaners) don brightly colored headgear, which hold fresh Q-tips and other professional apparatus. This alerts passersby to their services without the need for brash announcements -- nor an expensive uniform.” More here.

Finally. “The Mumbai Police Crime Branch is expected to file a chargesheet by Wednesday against the 12 accused booked for the murder of senior journalist J Dey in June, sources revealed to Newsline,” reports Indian Express.

The BJP entered the fray in the battle between Sanjay Nirupam and the Shiv Sena and the MNS. “The Bharatiya Janata Party (BJP) finds itself in a bind due to the current Sanjay Nirupam versus Shiv Sena and Maharashtra Navnirman Sena feud, though the party believes it might gain from the feud in the upcoming local elections,” says DNA.

It’s not all bad for real estate, reports BusinessWeek. “Mumbai’s residential home sales recovered from a 30-month low in the third quarter as new projects boosted supply, according to Liases Foras Real Estate Rating & Research Pvt. Ltd. Sales in India’s most expensive property market rose 13 percent from the previous quarter to 9 million square feet, said Pankaj Kapoor, founder of Liases Foras.

However, Firstpost reported yesterday that property prices would come down! “Here’s something that will cheer the heart of every Mumbaiite looking to buy property: Merrill Lynch predicts that house prices could be heading for a sharp fall early next year.”

“Consumers in the eastern suburbs of Kanjurmarg, Bhandup and Mulund as well as Thane, Navi Mumbai and the rest of Maharashtra will have to pay more for power from November 1.The bills of 1.80 crore consumers will increase because the Maharashtra Electricity Regulatory Commission (MERC) has sanctioned a partial relief of Rs3,265 crore to the state distribution company, Mahavitaran. The recovery is expected to improve Mahavitaran’s credit worthiness with commercial banks, which refused loans because the utility faced a deficit of more than Rs 5,000 crore,” reports Hindustan Times .