27TH TO 30TH APRIL 2018

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Mumbai Developers: Increased FSI to boost demand for ‘ready to move in apartments’

Publication: FREE PRESS JOURNAL Date : 27 APRIL 2018
Mumbai: The city builders welcomed the move of increased Floor Space Index (FSI) for residential buildings stating that it would increase the demand for ready to move in apartments and create affordable housing.

Mumbai Development Plan 2034 impact: Realty prices to correct by 10 to 15%

Publication: MONEY CONTROL Date : 27 APRIL 2018
Impact on real estate prices to be felt only if the additional FSI is available at competitive rates for the newly opened up land parcels and not at a premium

Mumbai Development Plan 2034: Higher FSI, lower premiums bring cheers to developers

Publication: FINANCIAL EXPRESS Date : 27 APRIL 2018
Developers are cheering Mumbai’s new Development Plan 2034 (DP 2034) not only because it offers them a higher floor space index (FSI),  



Developers have to buy 20% of TDR from slum rehabilitation projects

Publication: DNA Date : 27 APRIL 2018
The new city plan has seen a shake-up in the way TDR is traded between builders and property owners.


Publication: MUMBAI MIRROR Date : 27 APRIL 2018
Decks have been finally cleared for the launch of the Development Plan (DP)-2034 with Chief Minister Devendra Fadnavis signing the scrutiny committee report late on Tuesday evening.

Mumbai development plan expands scope for housing

Publication: LIVE MINT Date : 27 APRIL 2018
Mumbai’s Development Plan 2034, unveiled by the Maharashtra on Wednesday, raises the permissible limit of residential construction or FSI in south and central Mumbai to 3 from the earlier 1.33

Now customise flat as per your needs

Publication: THE ASIAN AGE Date : 27 APRIL 2018
Mumbai: You can now customise your homes according to your needs and requirements. In the new Development Plan (DP), the Brihanmumbai Municipal Corporation (BMC) has allowed developers to design homes in buildings as per the requirements of their consumers.



Mumbai realtors may switch from residential to commercial projects

Publication: BUSINESS STANDARD Date : 27 APRIL 2018
In the suburbs, the FSI was increased from 2 to 2.5 for residential properties and from 2.5 to five for commercial properties

Lodha Developers IPO looks to defy poor scorecard of realty companies

Publication: BUSINESS STANDARD Date : 27 APRIL 2018
Its IPO will be the first by a real estate company in eight years and only the sixth Rs10-billion-plus offering by a home developer





Publication: TIMES PROPERTY Date : 28 APRIL 2018
After more than three years of deliberation, the Mumbai Development Plan (DP) 2034 has been approved by the Maharashtra government, thus putting affordable housing and employment generation back into the spotlight



Govt opens up NDZ land for affordable housing, but fails to make reservations

Publication: TIMES OF INDIA Date : 28 APRIL 2018
Mumbai: A new blueprint for expansion has finally lifted a decades-long construction ban on No Development Zones (NDZs), large swathes of open land owned by Mumbai’s biggest property owners.

Property prices in Mumbai likely to drop thanks to new Development Plan

Publication: DNA Date : 28 APRIL 2018
The new Development Plan for Mumbai that allows development on salt pan land and non-development (ND) zone land will help to create 20 lakh houses in the city.




Integrate redevpt of city’s port lands with DP 2034, say experts

Publication: TIMES OF INDIA Date : 29 APRIL 2018
The state housing authority, which is scouting for land to execute the Prime Minister’s flagship scheme of providing affordable homes to the urban poor,

Mumbai: Development Plan 2034 To 'Open' Industrial Land For Citizens

Publication: MID-DAY Date : 29 APRIL 2018
The new regulation, said a BMC source, once notified, will allow conversion of areas designated as industrial zone to commercial and residential spaces



Advisory committee on RERA to meet soon

Publication: DNA Date : 29 APRIL 2018
Mumbai : Union Minister of State (Independent Charge) for Housing and Urban Affairs Hardeep Singh Puri on Saturday said that the first meeting of the advisory committee on RERA will take place soon.

MahaRERA pulls up realtor over non-payment of property tax

Publication: THE ASIAN AGE Date : 29 APRIL 2018
According to the order, the tenants of the housing society in Ghatkopar were promised possession in 2012 by Neelkamal Realtors



DNA EXCLUSIVE: Maharashtra Government begins first survey to map details of wetlands

Publication: DNA Date : 29 APRIL 2018
The state government has begun its first survey of wetlands in Maharashtra. Launched from Sindhudurg, and to be eventually extended across the state, it will collect data on the biodiversity of these crucial ecological features and aid their conservation.  




Maharashtra tops country with 65% RERA registration

Publication: TIMES OF INDIA Date : 30 APRIL 2018
PUNE: Maharashtra has emerged as the top state in terms of total registration (65%) of real estate projects and implementation of the Real Estate Regulation Act (RERA) across the country.

Maharashtra real estate authority resolved 2,100 complaints in one year

Publication: HINDUSTAN TIMES Date : 30 APRIL 2018
The Maharashtra Real Estate Housing Regulatory Authority (MahaRERA), which will complete a year on Tuesday, has so far solved 2,100 of the 2,500 complaints that it received against developers.  

Sale deal necessary to obtain refund for flat, says MahaRERA

Publication: DNA Date : 30 APRIL 2018
The Maharashtra Real Estate Regulatory Authority (MahaRERA) made it clear while passing an order that to seek relief under section 18, where a homebuyer can seek refund with interest and compensation, an agreement for sale is needed.  



Mumbai-Ahmedabad bullet train: Talks with affected families to be fast-tracked for land acquisition

Publication: THE INDIAN EXPRESS Date : 30 APRIL 2018
The bullet train network would be built with the Japan International Cooperation Agency’s aid. The project is expected to cost Rs 1,00,000 crore, of which Rs 81,000 crore will be loaned by the Japanese firm.



Lodha goes past DLF in terms of revenues for the first nine months of FY18

Publication: BUSINESS STANDARD Date : 30 APRIL 2018
Mumbai-based Lodha Developers has overtaken DLF, the country’s largest real estate player by market capitalisation, in terms of revenues for the first nine months of the previous financial year.


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