FSI
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 »
In an evident attempt to solve the ‘unauthorized housing’ problem in Thane, a cluster development plan has been finalized by the Thane Municipal Corporation (TMC). According to a proposal put forth by civic chief Aseem Gupta, the problem of illegal chawls and buildings in Thane can be effectively solved if the cluster approach is adopted [...] Continue Reading »
Including major realty players, have evinced interest in the Maharashtra Housing and Area Development Authority (MHADA) plan to create a panel of builders for reconstructing its colonies in Mumbai by over 200 developers. Some of the notable names are Tata Housing, Godrej Properties, DB Realty, Kalpataru Group, Lodha Developers, SD Corporation (an affiliate of Shapoorji [...] Continue Reading »
Real estate consultant KJ Singh said, “The mess that the real estate sector is in today will become worse if FSI is increased as the builder lobby has been asking for a higher FSI.” On a certain plot FSI is the total covered area on all floors of all buildings divided by the area of [...] Continue Reading »
The Bombay high court have granted stay of execution to an under-construction high-rise at Worli Seaface, the Sea Green housing society that had come under the scanner over alleged Adarsh-like violations for not obtaining CRZ approval and consuming extra FSI. In an interim order last week a division bench of Chief Justice Mohit Shah and [...] 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 »
A complaint was filed in the Bombay high court by a Thane resident claiming that two civic bodies had authorized cluster redevelopment in their areas without doing any impact evaluation study of the scheme. On March 19 hearing will be done on the PIL filed by Dattatray Daund. Daund alleged that impact assessment study should [...] Continue Reading »
If a notice of motion likely to be taken up during Tuesday’s civic general body meeting is accepted, Redevelopment of properties in suburban Mumbai will receive a major fillip. There is a proposal for raising the cap on floor space index (FSI), which can be utilised for such projects by paying a premium amount to [...] Continue Reading »
A latest order by BMC spell trouble for the Breach Candy tower built on a one-acre plot by the Singhanias of Raymond. A report prepared by municipal commissioner Sitaram Kunte says that the so much concession approved to the developers is responsible for huge construction. The report also says that the construction area is more [...] Continue Reading »
Ruling DF government is yet to decide on which proposal it should accept for redevelopment of old structures deadlock. NAVI MUMBAI: As the ruling DF government is yet to decide on which proposal it should accept for redevelopment of old structures deadlock over finalizing the FSI for decaying buildings in Navi Mumbai continues. City and [...] Continue Reading »
