Finally, the residential projects in Mumbai are getting the approvals!
The residential projects in Mumbai has started getting approval for their constructions. Recently a luxurious residential project in central Mumbai got the approvals needed to start construction. The project was launched by India bulls Real Estate Ltd.
The builders and developers in Mumbai are now hopeful that project launches will resume in Mumbai, after a long freeze in approvals for more than a year. Several residential projects in Mumbai are getting approval after a long waiting time. Such projects are Orbit Terraces in central Mumbai and Orbit Enclave has got approvals after a year of waiting.
Earlier this year, the development control regulation, on the basis of which project plans are designed was amended and thus the approvals are getting passed for the construction.
There are multiple no-objection certificates that are required from the high-rise committee, environment ministry, Municipal Corporation to clear a project plan and the processes are getting streamlined now.
Another township project in Virar is going to launch very soon. The proposed township will be constructed on 750 acres of land, and will be developed by Housing Development and Infrastructure Ltd (HDIL).
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No Sign of Reduction in Mumbai Property Price
Source: live Mint
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It’s really great news for Mumbai people because Mumbai government approval constructions. Recently a luxurious residential project in central Mumbai got the approvals needed to start construction.My point of Spentacorporation is one of the best options for that.
Mohak City is a ongoing township project in Virar approved layout in an affordable price.