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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. […]

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The Maharashtra Rent Control Act 1999- An Analysis

The Maharashtra Rent Control Bill 1999 passed with amendments by both the Legislative Assembly and Legislative Council, aimed to unify the three different Rent Control Laws, in operation in the State of Maharashtra. The new Act called the Maharashtra Rent Control Act 1999 brought about several changes in the Bombay Rent Control Act. This Act […]

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Cluster development policy to boost redevelopment in Mumbai

More than 19,000 old and dilapidated buildings in the island city of Mumbai may soon get a facelift. Maharashtra’s Chief Minister Devendra Fadnavis has given his nod to the cluster development policy for the island city. The move is aimed at boosting urban renewal, with new buildings coming up in place of old and dilapidated […]

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Maharashtra: Recent regulatory developments and their impact

In order make the real estate sector more organised and bring-in the much needed transparency, several new policies and regulations saw the light of the day in Maharashtra. In this article, CommonFloor has analysed the top six regulations along with their impact on the realty sector. 20% LIG housing reservation The dream of affordable housing […]

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Maharashtra to get country’s first Housing Regulation Act

Apna Ghar is a dream nurtured by almost every individual. However, despite investing a lion’s share of one’s lifetime savings, denizens are not able to cherish this dream due to unending delays, lack of clearances, and the list goes on. Imagine a scenario where details pertaining to the property title, layout or completion plan is […]

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