Maharashtra government offers tax relief to owners of unauthorised properties
January 11, 2017

Maharashtra state government has passed a resolution allowing civic bodies to compute the tax for unauthorised properties in the state. Properties that have deviated from their sanctioned plans, not been registered, or have changed their usage without approval will benefit from this move.  Residents of such properties are currently being penalised with amounts close to twice or thrice the average tax. Thus, this decision is expected to bring a wave of cheer among such property… Read More

Dharavi to be divided into 12 sectors for redevelopment project
January 10, 2017

The Maharashtra government has decided to divide Dharavi’s slum into smaller sectors to attract developers. The state government’s previous attempts to invite bids for the Dharavi redevelopment project have failed monumentally as not a single application was received from any developer. Earlier, Dharavi Redevelopment Authority (DRA), the nodal agency for the project, had divided the area into five sectors and had called bids for four sectors. As per the plan, the fifth sector was to… Read More

CIDCO sanctions Rs 11.76 crore for infrastructure projects in Ulwe
January 10, 2017

The City and Industrial Development Corporation (CIDCO) has recently allocated Rs 11.76 crore for infrastructure development in Ulwe, a node of Navi Mumbai. The amount is intended for strengthening basic infrastructure in sectors 20, 21 and 23 such as the development of more than nine km of road and almost one km of storm water drains. On the back of work carried out in sectors 2, 3, 5 and 19, CIDCO has come up with… Read More

Revised draft development plan for Mumbai finalised after 1,430 amendments
January 10, 2017

After two weeks of discussions regarding the suggestions and objections received on the revised draft Development Plan (DP), the final report has been prepared. After the six-member panel concluded the mandatory hearings, three government representatives on the panel signed it, while three others have not done so. A total of 7,887 citizens either appeared before the panel or submitted their suggestions and objections in writing, which resulted in the panel agreeing to make 1,433 changes… Read More

Mumbai construction ban hit redevelopment projects in 2016
January 8, 2017

According to Brihanmumbai Municipal Corporation’s (BMC) development plan (DP) department, new redevelopment proposals fell by 50 percent during May-December 2016 as compared to the same period in previous years. Vinod Chithore, Chief Engineer, DP department, shared that the civic body received just about 600-650 proposals for redevelopment in Mumbai’s suburbs during this period as compared to around 1,300 every year in the past. Chithore stated that this was a direct result of the Bombay High… Read More

Maharashtra slum dwellers must form cooperative societies to retain home ownership
January 8, 2017

As per the directive of Maharashtra’s revenue department, slum dwellers in the state must form cooperative housing societies in order to retain ownership of their homes. The department has announced that it will provide slum dwellers living on nazul land with ownership papers only when this condition is met. This decision has been approved by a resolution which states that ownership documents shall be given either to individual slum dwellers or to cooperative housing societies… Read More

Redevelopment projects in Mumbai may attract additional cess for excess FSI
January 7, 2017

The Maharashtra government has recently proposed an additional tax for redevelopment projects exceeding the permissible floor space index (FSI). As per the state government’s plan, a builder will be charged an additional amount of Rs 5,000 per sq m if the construction goes beyond the permitted FSI during the redevelopment of old buildings in the suburbs. The amount, which can be increased every three years, would have to be paid during the construction period. Considering… Read More

Maharashtra notifies new housing policy draft
January 6, 2017

Maharashtra government has finally notified the new housing policy draft that had been announced in September 2016. The policy draft allows the redevelopment of more than 25,000 buildings with about 2.25 lakh units, situated on Maharashtra Housing and Development Authority (MHADA) layouts. With the new policy, the state government has relaxed the condition for redevelopment on plots less than 2,000 sq m which required the additional stock to be shared with the government. This change… Read More

Mumbai civic body to introduce ‘Crown Policy’
January 4, 2017

Brihanmumbai Municipal Corporation (BMC) is expected to introduce a new policy which will permit the terraces of high-rise buildings in Mumbai to have ornamental projections enabling the towers of such projects to get connected. The proposed policy is being termed as ‘Crown Policy’. Ajoy Mehta, Commissioner, BMC, shared that developers and architects have been asking the civic body to allow such features which are not permitted under the current rules. The new development control rules… Read More

BMC allows private entities to maintain public spaces
January 1, 2017

Brihanmumbai Municipal Corporation (BMC) has recently cleared an interim policy regarding the city’s open spaces. The policy allows private players to take over the maintenance responsibilities of public spaces in Mumbai for 11 months. The interim policy states that the private players adopting the spaces would ensure that no construction occurs on the plot. They would also have to provide free entry to the public and bear the cost of maintaining the space. Earlier, BMC’s… Read More

Press Release

Godrej Properties Limited to construct new project in Bavdhan
December 30, 2016

Godrej Properties Limited to construct new project in Bavdhan30th December 2016 Mumbai-based real estate developer Godrej Properties Limited will develop a 5.5 acres project off the Mumbai-Bangalore bypass in Bavdhan, West Pune, in partnership with another realtor. The project will be developed under the profit share arrangement and will offer approximately 560,000 sq ft of saleable area. Read More

Press Release

Häfele launches modern ‘Extendable Tables’
December 29, 2016

Häfele launches modern ‘Extendable Tables’29th December 2016 Germany-based international hardware furniture company, Hafele, has launched their new range of Extendable Tables for those who reside in enclosed spaces. Extendable tables, which can be expanded as per individual requirement, come equipped with an in-built charging point. FritsJurgen Pivot Door System, Aqua Trends Faucet, Asko Pro Series Oven and Italiana Ferramenta are some of the other products launched by Hafele.  Read More

Press Release

Godrej Properties Limited receives LEED Platinum rating for its Mumbai-based commercial project
December 27, 2016

Godrej Properties Limited receives LEED Platinum rating for its Mumbai-based commercial project27th December 2016 One of India’s prominent real estate companies, Godrej Properties Limited has acquired Platinum certification from Leadership in Energy and Environmental Design (LEED) for its commercial project, Godrej BKC. With this, the 1.3 million sq ft project became the only multi-occupant building in Mumbai’s Bandra Kurla Complex to be LEED Platinum certified.  Read More

Underground metro project work commences in South Mumbai
December 27, 2016

The soil testing and geo-technical investigations have finally started in portions of Azad Maidan and Oval Maidan, for the most ambitious metro rail projects in Mumbai. The testing and investigations are being carried out ahead of tunneling work on the above said stretches by the Mumbai Metro Rail Corporation (MMRC). Metro-III corridor (Colaba-Bandra-Airport-Seepz) will be a 33.5-km long underground rail link, which is expected to be operational by 2020. The proposed link is likely to… Read More

NMMC allows underground, stilt parking in housing societies
December 26, 2016

Navi Mumbai Municipal Corporation (NMMC) has decided to allow development of underground and stilt parking spaces in housing societies. The move is aimed at solving the issue of parking on the road which greatly hampers traffic in Navi Mumbai. NMMC’s decision is in keeping with the Centre’s direction asking car buyers to show proof of parking space for registering new cars. Ankush Chavan, Additional Commissioner, NMMC, explained that the pay-and-park facilities on the roads will… Read More

Delayed infrastructure projects in Mumbai to receive a boost
December 25, 2016

Several infrastructure projects in Mumbai that have been lying on the drawing board for quite some time will soon receive a boost with the Prime Minister expected to lay their foundation stones soon. Prime Minister Narendra Modi will be launching the Mumbai Trans-Harbour Link, two metro projects, two flyovers as well as the Kurla-Vakola elevated road. According to the Mumbai Metropolitan Region Development Authority (MMRDA) Mumbai urgently needs infrastructure upgrades. These projects will ease the… Read More

CIDCO to upgrade Ulwe’s infrastructure at a cost of Rs 13 crore
December 19, 2016

City and Industrial Development Corporation (CIDCO) will soon commence the second phase of infrastructure development in Ulwe. CIDCO plans to spend Rs 13 crore for the works. The decision has been taken since the town planning authority had been receiving frequent complaints from the residents about the lack of civic amenities in the node. This initiative involves the development of storm water drains, maintenance of sewage channels, footpaths, manholes, and roads. The idea is to… Read More

Residential plots in Navi Mumbai to mandatorily reserve 15% open space
December 17, 2016

Navi Mumbai Municipal Corporation (NMMC) has recently received directions from the state Urban Development Department (UDD) to make sure that 15 percent of each residential plot’s area is reserved for open spaces for public use. The notification is based on Bombay High Court’s latest order on the subject. The high court’s order was in response to a Public Interest Litigation (PIL) filed by activist Sandeep Thakur that sought for the implementation of the rule. After… Read More

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