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Real Estate Forum on Infrastructural Development In Mumbai

Real Estate Property Discussion Forum and Guide to Real Estate Queries

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Q: To boost Mumbai's infrastructure, the union environment ministry has given green clearances for the long awaited Mumbai Coastal Road Project.
Latest Answer: Right Annanya, As per the Dutch Technical support, the 35-km coastal road between Nariman Point, Kandivali and the Mumbai Metro-III Colaba-Bandra-Santacruz Electronics Export Processing Zone corridor would be ready in 3 months . The coastal road is part of the Rs 60000 crore transport infrastructure projects being undertaken by the state government.
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Q: The affordable housing sector was expecting that the Modi govt, like last time, would extend some support to it and solve the difficulties. But hopeless result.
Latest Answer: Good evening friends, It is really a good news as it will increasing the standards of living by giving proper homes and subsidised interest rates to EWS and LIG groups will not only aid in fulfilment of their social needs but also help everybody associated with the real estate sector. We are happy with this decision and welcome it wholeheartedly.
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Latest Answer: Hi Rakshit and Abhishek, It will not only solve the housing shortage but at the same time, it will increasing the standards of living by giving proper homes and subsidised interest rates to EWS and LIG groups will not only aid in fulfilment of their social needs but also help everybody associated with the real estate sector. We are happy with this decision and welcome it wholeheartedly.
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Q: Hi, do you think that the affordable houses will take time
Latest Answer: Yes, what you mentioned is right but the Maharashtra government will change rules and regulations to help in delivery of affordable housing projects for the millions of the state's poor. Making sure that the offered new housing policy would be "pro-people", Maharashtra CM Fadnavis told the developers to work together with the government in its mission to provide affordable housing for the lower-middle class and the poor people.
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Q: Hi, Looks like Ghodbunder Road is going to be next most preferred destination due to availability of affordable houses.
Latest Answer: Hi everybody, Yeasterday, the Maharashtra government will change rules and regulations to help in delivery of affordable housing projects for the millions of the state's poor. Making sure that the offered new housing policy would be "pro-people", Maharashtra CM Fadnavis told the developers to work together with the government in its mission to provide affordable housing for the lower-middle class and the poor people.
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Q: It seems that there is a high demand for affordable housing in metro cities.
Latest Answer: Hi Shantanu & Rakshit, At the same time Housing Minister Prakash Mehta recommended a decrease in FSI-TDR rates to make land available to developers in return for a specific percentage of free homes to the government, which could be sold at low prices to the poor classes. Through this, the govt could eliminate its Rs.350000 crore financial debt pressure got from the past program.
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Q: Will this step going to help the low income group? What is the process and how they are going to allot these housing to LIG?

Latest Answer: Hi Praveen & Sunil, The Maharashtra government will change rules and regulations to help in delivery of affordable housing projects for the millions of the state's poor. Making sure that the offered new housing policy would be "pro-people", Maharashtra CM Fadnavis told the developers to work together with the government in its mission to provide affordable housing for the lower-middle class and the poor people.
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Q: I hear that the govt. has planned to let developers raise up to $1 billion, is it true?
Latest Answer: At the same time Housing Minister Prakash Mehta recommended a decrease in FSI-TDR rates to make land available to developers in return for a specific percentage of free homes to the government, which could be sold at low prices to the poor classes. Through this, the govt could eliminate its Rs.350000 crore financial debt pressure got from the past program.
Reply


Q: Hi all..i heard that CREDAI is now focusing on affordable housing..Please give me more details on this
Latest Answer: For that our Industry Minister Subhash Desai named for a nodal agency to synchronize between different state and central agencies like public works department and railways in the development of Mumbai and direct to make structure of operations for the best interest of the city.
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