Maharashtra government
Three of the five dissenting villages have raised no objection to the compensation being offered by the government in return for acquiring their land. But, there are riders. The impasse over land acquisition for the Navi Mumbai International Airport (NMIA) may be close to getting resolved. 35% of developed land along with a cash component [...] Continue Reading »
Maharashtra government’s decision to extend the cut-off date by five years to January 1, 2000, from the earlier January 1, 1995, may help speed up execution of slum re-development projects but the real estate developers are not completely satisfied and want more. CREDAI chairman, Mr. Lalit Kumar Jain says, “To some extent, this scheme will [...] Continue Reading »
Mumbai: The Maharashtra government seem not to be bothered about the issue of illegal buildings as no measures have been taken to implement a March 2009 order to set up special civic police stations and special courts across 22 municipal corporations to regulate unauthorized construction. Over 70 people lost their lives in a recent incident [...] Continue Reading »
Maharashtra government has finally implemented the long pending property registration rules to protect property buyers against frauds. These rules will be public from 1st of April 2013. The state has approved the rules after three years the state legislature approved landmark amendments. The main motive is to stop the fraudsters from selling the same property [...] Continue Reading »
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 »
Nagpur- The elevated Nagpur Metro Rail project has been approved by the Maharashtra government. The estimated cost of this metro project is around Rs 7,350 crore. The project will be implemented by Nagpur Improvement Trust (NIT). The metro proposal will be soon forwarded to central government for approval, said Chief Minister. The Detailed Project Report [...] Continue Reading »
Mumbai- With rising demand and sales of real estate projects, the trend of project pre-launches has been re-entering the prime real estate markets of India like Mumbai, Delhi-NCR and Bangalore. The Maharashtra government has made the way simpler for developers to get regulatory clearances for real estate projects. Following this, the real estate in Mumbai [...] Continue Reading »
Pune – The cost of two corridors of Pune metro has been revised and is increased by over Rs 2000 crore. It is because the Pune Municipal Corporation (PMC) delayed in approving this metro project in city. The Pune metro rail project will have two phases with two corridors each. Phase I corridors are Pimpri-Chinchwad-Swargate [...] Continue Reading »
Maharashtra Government has approved the use of no development zones (NDZs) for industrial, commercial and residential activity in the state. This approval was given in the exit policy for special economic zones (SEZs). In the NDZ areas, a basic floor space index (FSI) of 0.5 will be allotted. The new industrial policy which was recently [...] Continue Reading »
The new industrial policy that has been sketched out by the Maharashtra Government has been highly criticized by the Opposition. They allege that the policy favours realty developers at the cost of farmers and villagers. However, Maharashtra Chief Minister, Prithviraj Chavan has defended the policy and termed it as “path breaking” which introduced Integrated Industrial [...] Continue Reading »
