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
In the proposed housing policy, the Maharashtra government is seeking to digitise the process of issuing transferable development rights. If this isn't challenging enough, Devendra Fadnavis wants to convince Sebi to permit the trading of transferable development rights on stock exchanges, reports Alexander Mathew.
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.