Q:Have you heard the latest news on MMR? In its draft housing policy, the Maharashtra government has suggested that all satellite towns within the Mumbai Metropolitan Region limits should be reserved as smart city aspirants.
Latest Answer: He gyus,
I heard that this FSI of 4 shall be divided into two portions, 75% of the built-up area shall be permitted for construction of housing or commercial etc by the developer. The rest of the 25% of the built-up area shall be used for construction of affordable housing. Am i right?
Latest Answer: Yes, to get appropriate result, govt. should support those cities or state first. Government grants will be leveraged to attract funding from internal and external sources but unless there is a possible business model or guarantee from the centre, this would not be easy.
Also, the track record of Public Private Partnership projects is at best mixed and when there would be multiple parties associated like the center, states, local bodies and private entities, the task would be even more challenging.
Latest Answer: Hi all,
I wanted to know about the Vikarabad. Has the city developed as a Hitech City? Is the property price reasonable here? What is the current residential property rate is going on in this locality?