Urban Land Ceiling Act getting more tough
Maharashtra Chamber of Housing Industry (MCHI) has disagreed seeking no-objection certificates from the state government.
MCHI- a body of real estate developers are hoping to seek relief from Urban Land Ceiling Act restrictions.
Now that the act has been repealed, the state government has sought legal opinion as per developers request to seek exemptions from ULC approvals.
Source: Hindustan Times
Tags:
Developers, Legal opinion, Maharashtra Chamber of Housing Industry (MCHI), MCHI, No-objection certificates, Realty News, State government, ULC approvals, Urban Land Ceiling Act
[...] to sources, discussion was held on eradication of Urban Land Ceiling Act demanded by real estate firms due to problems faced in investment in Bengal. The issue was raised [...]