Coastal regulation zone (CRZ)
The National Coastal Zone Management Authority (NCZMA) recently reclassified Khar Danda area as a creek. The reclassification is expected to bring in strong incentive for the developers in the area. As Coastal Regulation Zone (CRZ) norms in the Khar Danda area are eased, the stage is all set to spur redevelopment activity the area. The [...] Continue Reading »
A 500 acre land in Goregaon, Mumbai was planned to be converted into club house and bungalows. This land is estimated to cost around Rs 5,000 crore and comes under no-development zone (NDZ) and coastal regulation zone (CRZ). However, this development plan was stopped by environmentalists as the land was once covered with mangroves and [...] Continue Reading »
