Prithviraj Chavan government
In the run-up to the elections, the Prithviraj Chavan government in Maharashtra has been busily allotting more floor space index (FSI) to real estate projects. The Urban Development Department accounted for the second highest number of files cleared by the Chief Minister’s Office across 49 departments between June and September this year. A total of [...] Continue Reading »
The Maharashtra government, plans to implement the recommendations of the Asthana Committee in the rental housing project. The project involves construction of 5 lakh flats in Mumbai Metropolitan Region (covering some areas in nearby districts) and giving them out on rent. The rent for these flats is expected to be Rs.800 – Rs.1,500. The rental [...] Continue Reading »
Mumbai Developers have had a tough time getting project approvals since the Prithviraj Chavan government has taken over. Tardy approvals created a drag on Mumbai realty sales volumes and project launches. According to sources, officials of the government have been reluctant to utilize any of their discretionary powers. This has led to putting on hold [...] Continue Reading »
