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Real Estate Forum on No Development Zones In Maharashtra

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Q: It's really a good news for Mumbaikers because the salt pans, which till now fell under the No Development Zone.
Latest Answer: Right Saurav, If Salt Pan lands in suburban areas are allowed to change in usage, can be used for creation of low cost housing for LIG and EWC segments. It definitely has the possibilities to affect availability of land for real estate development, but just by itself it may not be enough.
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Q: How much floor space index has been allotted for no development zones in Maharashtra?
Latest Answer: In the NDZ areas, a basic floor space index (FSI) of 0.5 will be allotted. The new industrial policy which was recently announced also permits the conversion of denotified SEZs more than 100 acres to integrated industrial areas (IIAs).Maharashtra Government has approved the use of no development zones (NDZs) for industrial, commercial and residential activity in the state. This approval was given in the exit policy for special economic zones (SEZs).
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