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Kolhapur areas have exempted from maximum TDR use clause
Q: The state government issued a notification last week exempting old city areas from area-based restrictions on the utilization of transfer development rights.

dcr
tdr
development control rules
transfer development right
utilization of transfer development rights
Latest Answer: Yes, in the earlier notification issued on January 28, the state government had restricted the utilisation of TDR based on the land size and the road width on any plot. However, the government issued a notification last week stating that specific area-based restriction on the maximum permissible limit prescribed by earlier regulations shall remain in force except for Gaothan areas.
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No additional payment for redevelopment of buildings on Mumbai mill lands
Q: No additional payment will be charged on fungible floor space index that is used for the redevelopment of chawls and residential buildings on mill lands.

real estate
dcr
fsi
mhada
development control rules
redevelopment of chawls and residential buildings
Latest Answer: Yes, and this time they will get larger homes. Earlier it was decided to give them 300 sq-ft. tenements. Now, they will get an additional 100 sq-ft. on account of the fungible FSI.
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Property rates in suburbs may rise as Maharashtra hikes additional FSI
Q: This move will likely to see a rise in realty rates in the suburbs of Maharashtra.

fsi
ad banners
ready reckoner rates
urban development department
development control rules
additional fsi in maharashtra
property rates may rise in maharashtra
Latest Answer: Right Sasidharan, The state hopes to mop up around Rs.3500 crore to Rs.4000 crore with the move and the premium received will be shared equally between the state government and the civic body.
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Maharashtra will have to build 50 lakh new homes by 2022 to meet 'housing for all' target.
Q: What will be the state govt. role to develop 50 lakh new homes by 2022?

maharashtra government
housing for all
housing for all by 2022
development control rules
real estate news mumbai
affordable housing in mumbai
plan for affordable housing
affordable housing in kalyan
Latest Answer: The 2022 target of a pucca home with basic facilities in the name of the lady of every household in the country will be achieved two years in advance.
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The BJP-led government is expected to soon overhaul the state housing policy.
Q: To ensure speedier clearances and to cut project costs for the real-estate sector in Maharashtra, government to revise state housing policy soon.

affordable housing
credai
dcr
confederation of real estate developers
maharashtra chamber of housing industry
mchi
maharashtra housing and area development authority
revise state housing policy
real estate in maharashtra
chief minister devendra fadnavis
development control rules
Latest Answer: As od now, in Mumbai itself, all real estate projects are required to get 60 no objection certificates before they are issued a commencement certificate for the project. CREDAI is looking at both reducing the number of NOCs and allowing its submission any time before completion of the project. He added that the present time frame of 6-24 months that is required to issue clearances to real estate projects is also proposed to be brought down to 1 month.
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