Maharashtra government
The unannounced central land acquisition bill is under question before it being tabled. Maharashtra Government is against this land bill as the repair cost of units will be up by at least four times as it is mentioned in the bill. Due to which, the profit gained from the project would be less compared to [...] Continue Reading »
Maharashtra government has announced changes in the Development Control Rules (DCR) for the Dharavi slum redevelopment ahead of Mumbai civic polls. The redevelopment plan of Dharavi was approved in 2004 with an aim to develop roads, toilets, gardens and basic amenities in the area. After the redevelopment, standard of living can be improved and around [...] Continue Reading »
As an initiative to increase affordable housing in the city, Maharashtra Government has made 20% of land mandatory for the same. The step has been taken keeping in mind to provide housing for economically backward classes and low income group people. Reservation of land would be done only on a 2,000 square meter of land. [...] Continue Reading »
The ready reckoner (RR) rates is out in Mumbai city and the realty players bashed Maharashtra government for the rise in ready reckoner rates. This new rates came into action from Sunday, bringing in change by five per cent and 30 per cent in Mumbai and rest of Maharashtra. Realty players believe that the present [...] Continue Reading »
Recently, Maharashtra Government has approved a plan of setting up a new housing authority. This means regularization of flats will be a mandatory procedure which in turn be a relief for buyers. The new act to be announced will replace the Maharashtra Ownership Flats (Regulations of promotion of construction, sale, management, and transfer) Act, 1963. [...] Continue Reading »
The ready reckoner (RR) which directs the realty land rates is now demanding a revision. However, with the slow pace recorded in the present realty market, the Maharashtra government has paused the revision work for time being. The proposal of 20 percent average hike in stamp and registration duties are being denied. To discuss the [...] Continue Reading »
The impact of fluctuating property prices have left the developers and builders worried! In the same context, the Maharashtra government has sent a request to Union ministry of environment and forests (MoEF) to give nod for green clearance at the earliest. It has been learnt that SEAC and SEIAA are the two major government bodies [...] Continue Reading »
The rate of slums in India are more than countable. Even though slums are emerging from two or three decades, it comes as a surprising news that only less than 1000 families claim ownership. Even today Dharavi in Mumbai, once Asia’s largest slum till date has more than 59,000 tenements in it and hardly 20 [...] Continue Reading »
The National Investment and Manufacturing Zone (NIMZ) will soon be floored in Pune. This manufacturing plan will be under the governance of Maharashtra government. Maharashtra Industrial Development Corporation (MIDC) has identified has already identified land around the area limits of Amaravati and Nagpur also. The first phase of development will be started off with a [...] Continue Reading »
Mumbai soon to be modernized with nearly 60 billion dollars investment to be made by Maharashtra government over the next 20 years. Also the modernization project will be taken initiative by the public-private partnerships and city is expected to grow rapidly in infrastructures like; transport, power, tourism industries and in residential projects. Ratnakar Gaikwad, Chief [...] Continue Reading »
