Maharashtra Housing and Area Development Authority review of redevelopment contracts
Since the lost cost houses are getting lesser and lesser cheap with time, the state housing authority has come to a conclusion that it will establish special funds to cross subsidise all the flats simply by tapping all the profits it makes. This comes from the houses it constructs for all the middle income groups. [...] Continue Reading »
The state housing authority has put brakes on reviewing stalled restoration contracts for some of the city’s oldest buildings and cracking the whip on delinquent developers, even though several decaying building collapses across the city. ‘No Objection Certificates’ (NOCs) for at least 18 cessed buildings have been cancelled by the repair and reconstruction board of [...] Continue Reading »
