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Redevelopment projects

Under construction 3

Maharashtra Government to Increase FSI for Cluster Redevelopment

In order to boost cluster redevelopment in Mumbai, especially in the island city, the Maharashtra government is planning to provide higher floor space index (FSI). Despite its introduction five years ago, the redevelopment model hasn’t received much favourable response from developers. The new FSI, along with the new proposed cluster redevelopment policy are expected to […]

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Double FSI

Doubled FSI To Boost Rapid Urbanization Around Mumbai

Rural areas and small towns around Mumbai may see more urbanization over the next few decades. The Maharashtra government too is extending its support by offering the same construction potential to non-corporation areas as that of big cities. The Maharashtra government has extended the development control regulations (DCR) to places outside the jurisdiction of the […]

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Rising TDR Rates Put Redevelopment Projects in Jeopardy

Mumbai has seen a sudden hike in transfer of development rights (TDR) rates from Rs. 2,500 to Rs. 4,000 per sq.ft in the last two months. As a result, redevelopment projects in Mumbai suburbs may get jeapordized. The increase in TDR rates has forced several builders to renegotiate deals with housing societies. Some other builders […]

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New Revenue Sharing Model To Redevelop MHADA Colonies

The Maharashtra state government has agreed to a revenue-sharing model between the Maharashtra Housing and Area Development Authority (MHADA) and private developers in an attempt to encourage more developers to take up redevelopment of housing colonies. The new policy is also aimed at unlocking prime real estate in Mumbai. Reason for the new policy There […]

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The trend of re-development of properties in India

Redeveloping properties is a recent trend catching up in India The trend which has been followed in the western countries has gained momentum in India too. The re-development of property is one of the emerging trends in the India real estate sector. Due to the large populace spread all over and the stagnation of the […]

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