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Home > Forum > Mumbai > Other > BMC checks redevelopment of property

BMC checks redevelopment of property

Q: How is the BMC going to work on the redevelopment?

bmc
civic body
redevelopment
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Replies (5)
1
It has ordered an interest of 18% on the capitalized value and an additional Rs 1 lakh per month for any extension a builder might seek in a progressing project.
Sandeep Mhatre


2
Already over Rs 90 penalties are issued on sub-engineers of road department for not filling up the pot hole during monsoon.
Jerome Fernandez


3
Developers who cross deadlines will have to pay heavy penalty.
Anuj Gupta


4
What will be the next step if they did not finish the redevelopment work within four years?
Rakshit


5
In order to crackdown sloppy work, a policy has been issued by Brihanmumbai Municipal Corporation (BMC) which states that maximum period of redevelopment of property should be four years.
Sankalp


6

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