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MHADA to issue tenders for 67 vacant plots

MHADA to issue tenders for 67 vacant plots
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 »

Gujarat planning to vertically expand its old urban areas

Gujarat planning to vertically expand its old urban areas
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 »

PMC removed multi-storey buildings in Pune

PMC removed multi-storey buildings in Pune
Pune Municipal Corporation (PMC) has been on a demolition spree recently and has removed all illegal constructions which measure more than 25,000 sq ft in Ghorpadi area. One of such buildings had 36 flats and out of total, about 18 were occupied. Apart from this property, a six-storey reinforced cement concrete (RCC) building was also [...] Continue Reading »

PMC receives Rs 631 cr from building permissions allotment

PMC receives Rs 631 cr from building permissions allotment
Pune Municipal Corporation (PMC) has recently received a record breaking revenue from the allotment of building permissions in the financial year 2012-13. The building permissions department of the civic body has received around Rs 631 crore as fees for construction including development charges. The high revenue received has been so due to the revision of [...] Continue Reading »

Mumbai properties’ basements to house more cars to ease parking woes

Mumbai properties’ basements to house more cars to ease parking woes
The Maharashtra Government has decided to give the developers in Mumbai an opportunity to use 100 percent of basement area in an upcoming building for parking facility. This initiative has been taken by the state in an attempt to avoid the parking woes caused by the occupancy of roadside spaces by cars. Currently, only 50 [...] Continue Reading »

Extra FSI approved for 2000 redevelopment projects in Mumbai

Extra FSI approved for 2000 redevelopment projects in Mumbai
Bombay High Court has recently given green signal for additional floor space index (FSI) for around 2,200 redevelopment projects in Mumbai. The only condition that was kept forward by the government was struck down by the bench. The condition was to grant extra FSI in case of ongoing redevelopment schemes for old cessed buildings. Earlier [...] Continue Reading »

Affordable homes in Mhada buildings to have policy soon

Affordable homes in Mhada buildings to have policy soon
The Chief Minister of Maharashtra has ensured in the legislative assembly that the new policy for Maharashtra Housing Area Development Authority (Mhada) redevelopment along with norms will be issued soon. Also, the state government has decided to not charge premium for Mhada redevelopment projects as against extra floor space index (FSI). The plan has been [...] Continue Reading »

BMC recovers Rs 8 cr against Rs 628 cr from developers

BMC recovers Rs 8 cr against Rs 628 cr from developers
Brihanmumbai Municipal Corporation (BMC) has finally managed to recover Rs 8 crore of a total due amount of Rs 628 crore from the developers in Mumbai. After the modification of the fee structure to recover dues, the civic body is yet to recover Rs 71 crore, while the remaining Rs 549 crore will be collected [...] Continue Reading »

Pune: PMC demolishes illegal structures

Pune: PMC demolishes illegal structures
Pune Municipal Corporation (PMC) has recently demolished 38 illegal structures standing tall in Shivajinagar, KasbaPeth, Wadgaonsheri, NIBM Road and Shivarkar Road. These structures which were razed by the civic body include 38 tin shed structures and eight concrete houses located in the slums. PMC has already started the demolition drive which has been one month [...] Continue Reading »

Property prices in Mumbai to be impacted by monorail project

Property prices in Mumbai to be impacted by monorail project
The long pending monorail project in Mumbai will be functional shortly. Trials are going on regular basis between Chembur and Wadala in Central Mumbai. Chief secretary of Maharashtra said that the test ride which was organised recently went successful and he witnessed the enthusiasm and the excitement of the Mumbaikars to ride a Mono Rail. [...] Continue Reading »



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