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fsi

Maharashtra’s Plan to Regularise Unauthorised Constructions May Provide Relief

One of the major problems that the country’s financial capital, Mumbai, faces is that of illegal constructions. There is always a constant battle of sorts between the builders, residents and the Brihanmumbai Municipal Corporation (BMC), the civic body of Mumbai. While builders are known to continuously flout building norms, BMC is on a constant spree […]

karthik.k

Redevelopment-of-property

Mumbai’s BDD chawls redevelopment gets fresh impetus

After a series of flip-flops, the redevelopment of the Bombay Development Department (BDD) chawls, may finally see the light of day. The plan has been held for several years over disagreement within the state government on whether to involve private developers. The redevelopment of BDD chawls is finally set to get a definite policy framework. […]

nikunj.j

Budget 2015-16: Single-Window Clearance is the need of the hour

Rajiv Mohan, MD, Cherry Hill Interiors Limited With expected GDP growth to be around 5.9% this fiscal year and with the market conditions, business sentiments and overall outlook in India having improved since the new Indian Government assumed power. Thus, 2015-16 will be a year of growth as Government’s commitment towards reforms has been reflected […]

nikunj.j

Maharashtra government to reconsider proposed TDR policy

The Maharashtra state government has decided to put the proposed uniform Transfer of Development Right (TDR) policy draft on hold and will issue a revised one shortly. Housing minister Prakash Mehta has said that the government will re-look the draft of the revised TDR policy. The proposed TDR policy had unnerved Mumbai’s builders because it […]

nikunj.j

Ready Reckoner Rate Hike: Impact on MMR residential market

The Maharashtra state government has increased the ready reckoner rate by up to 15 per cent on an average, with some areas witnessing a hike of up to 40 per cent. The hike, effective from January 1, could make property in MMR even more expensive and has dashed the hopes of home buyers waiting for […]

nikunj.j

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