Floor Space Index
Construction on the Juhu’s Anamika Cooperative Housing Society which was to undergo redevelopment as per a contract made with Kumar Urban Development seems to have come to halt. The building has been demolished while the residents are living on rented houses in different locations. Buildings that are deteriorating require redevelopment for which cooperative societies usually [...] Continue Reading »
Redevelopment for a society is not always for the good. It can turn to be a troublesome experience too as some of the members of a Juhu based society discovered. Redevelopment at a Cost The residents of a society in Juhu by the name of Anamika cooperative housing society got into trouble in 2010 after [...] Continue Reading »
The Maharashtra government is considering awarding higher Floor Space Index (FSI) for cluster development in Mumbai, and may announce a re-development policy soon. This might boost re-development of derelict buildings in the city. The index is the ratio of a building’s total floor area to the size of the piece of land upon which it [...] Continue Reading »
The new BJP-led government has been talking about ‘home for all by the year 2022’. Usually, the growth in the housing sector is seen as growth in a country’s economy. But in India, housing hasn’t received the status it deserves. The ministers and other officials never consult the housing industry association before the budget, nor [...] Continue Reading »
The financial capital of India is still witnessing property transactions under astronomical price tag despite the fact that the country is struggling with high property prices. Lately, there have been reports of the iconic Bhabha bungalow on sale, which can prove to be the costliest affair in the market with the buyers. The property, located [...] Continue Reading »
After the Maharashtra Industrial Development Corporation (MIDC) recently sanctioned the implementation of 1.5 floor space index (FSI) for its industrial estates, around 500 small and medium enterprises in Satpur and Ambad are planning to use the hiked FSI for the expansion of their existing facilities. According to the new industrial policy, the state government raised [...] Continue Reading »
In order to become owners of the land on which the buildings are constructed, residents are claiming to get deemed transportation as alleged by a senior civic official. Supreme Court (SC) has given four weeks to the Brihanmumbai Municipal Corporation (BMC) to consider the residents’ plea for regularisation for the relief of the unauthorised flats [...] Continue Reading »
After so many worthless attempts of borrowing the land, the Maharashtra Housing and Area Development Authority (MHADA) is ready to issue tenders for constructing affordable housing on 67 vacant plots all across the city. In a recent review of MHADA, totaling to more than 12 hectares of land was found. An official also mentioned that [...] Continue Reading »
Government of Gujarat is planning to drastically change the skylines of Ahmedabad, Surat, Vadodara and Rajkot in the coming days if the it’s proposed new policy for redeveloping of old housing colonies takes off well. To be implemented under public private partnership (PPP) mode, the policy aims to solve the problems of old “unhealthy” housing [...] Continue Reading »
The BMC recently has been the cause of much public despair and angst, for considering a proposal that would bring construction activity under the purview of local body tax (LBT). The recently introduced Local Body Tax (LBT) in Maharashtra empowers the local civil body to levy taxes on traders for importing goods into the city. [...] Continue Reading »
