In a move that has been welcomed by the residents and developers, the Brihanmumbai Municipal Corporation (BMC) has decided, through the revised Development Control Regulations (DCR), to allow the redevelopment of 30-year-old buildings. This R
The long awaited Mumbai Draft Development Plan (DP) 2014-2034, is in the final stages of approval and is likely to be implemented in 2017. Keeping in line with the national objective of â€˜Housing for R
Maharashtra chief minister Devendra Fadnavis, on April 22, 2017, said that the redevelopment of Bombay Development Directorate (BDD) chawls in Mumbai, will raise the standard of living of over 12,000 families, currently staying in R
The company announced "launching of first phase of MHADA land redevelopment project located at Ghatkopar East, Mumbai by our SPV namely MICL Realty LLP, wherein Man Infraconstruction Ltd is holding 46 per cent interest," it said in a BSE filing.
The suburban collector’s office has registered an FIR against 53 unauthorised structures that it had identified, in the coastal regulation zone (CRZ) in suburban Versova, an official said. Deependra Singh Kushwah, Mumbai suburban collector, R
The power transmission and distribution business of L&T Construction has bagged major orders worth Rs 2400 crore in the domestic and international markets.
"The Buildings and Factories Business of L&T Construction has bagged a major design and build order worth Rs 2,903 crore to re-develop Mumbai's century-old BDD chawls for Maharashtra Housing and Area Development Authority (MHADA)," the company said in a regulatory filing.
The Mumbai suburban district administration will start the process of razing illegal structures in the Coastal Regulation Zone (CRZ) in Versova next week, an official said on March 5, 2017. The administration has identified R
The Pune Municipal Corporation recently sanctioned the new development control regulations (DCR), which allows for higher floor space index (FSI) in certain categories, in non-congested areas. Small developments are likely to benefit more from R
Housing minister Prakash Mehta, on January 5, 2017, announced that the Maharashtra government will only take a premium for redevelopment of Maharashtra Housing and Area Development Authority (MHADA) layouts and that the condition that R
Maharashtra chief secretary Swadheen Kshatriya, has said that the high-powered committee headed by him, has cleared the redevelopment proposals of the Bombay Development Directorate (BDD) chawls, at Naigaon and at NM Joshi Marg in R
The recently-released Maharashtra State Housing Policy, proposes redevelopment of buildings in 104 layouts of the state-run Maharashtra Housing and Area Development Authority (MHADA) in Greater Mumbai. A developer will be eligible for an FSI R
Regarding Mumbai, where affordable housing is an acute problem, the policy emphasises the role of redevelopment and cluster development (redevelopment of entire locality instead of individual buildings), redevelopment of Dharavi slum, transit camps, old MHADA buildings, among others.
Land as an investment option has always been popular in India. Its popularity has not receded, despite the availability of various financial products such as mutual funds and equity shares. However, you should be R
Man Infraconstruction's promoters, in March, bought nearly 3.27 lakh shares.
Managing director Parag K Shah, says the company will be redeveloping a total of 12 buildings in Ghatkopar area and will have a saleable area of 4,65,000 square feet.
In land pooling scheme, privately held land is transferred to the government. In exchange, the land owner gets a percentage of his holding back at another location.
As part of the first stage of rehabilitation, the SRA will conduct a comprehensive survey of all slums in the Greater Mumbai region within six months of the launch of its new policy.
While experts have welcomed the target set by the government, they believe the implementation for the same will be challenging.
Metro phase-III affectFadnavis reiterated the government's stand about rehabilitating 777 families from 28 buildings that are coming in the way of Metro's phase III (which will run between Colaba and Seepz) in accommodation better than their existing houses.ed persons will get bigger houses: Maha
The Mumbai Metropoliton Region Development Authority, which is engaged in many big infrastructure projects in Maharashtra, received a tax notice for income worth Rs 800 crore in FY10 which accrued by violating the exemptions under sections of the IT Act 11, 12, 13.
This plan for redevelopment has been upheld, with the Bombay HC ruling that the final discretion over where to surrender land, in such a scheme of redevelopment, rests with the developer Bombay Dyeing, in this case.
Bombay Dyeing had proposed that instead of surrendering a parcel of land in Lower Parel, it will compensate for that by giving an equal land in Wadala as a part of one comprehensive plan.
The prices of tenements/houses put on the block this year in the metropolis through digitised lottery system have attracted huge criticism from citizens, saying they are almost at par with the ones offered by private constructors.
CNBC-TV18's special show Prime Property updates on current prices of two bedroom hall kitchens (BHKs) spread across 1,000 square feet in the big cities. Also, how Delhi is all set to get a new skyline. It also focuses on the latest developments in the real estate market in the segment Deal Street.