While every individual dreams of owning a property once in his/her lifetime, many people still prefer to buy or invest directly in land. Land accounts for the major cost component of any real estate … READ FULL STORY
Of the many jargons that one would invariably come across in real estate transactions, are FAR and FSI (floor space index). The two terms, which stand for one and the same thing, confuse many … READ FULL STORY
The FSI (floor space index), also known as the FAR (floor area ratio), is a frequently used technical term in real estate, to determine the maximum amount of floor space erected on a given … READ FULL STORY
In the post-COVID-19 era, as the concept of cross ventilation, open spaces and wellness gains ground, balconies in apartments have once again become a focus area in urban real estate markets. While individuals from … READ FULL STORY
In cities like Mumbai, land is very scarce but the demand for housing is growing continuously. Moreover, some of the buildings in Mumbai and in other cities, have outlived their useful life and pose … READ FULL STORY
The Unified Development Control and Promotion Regulations (DCPR or DCR) for Maharashtra state, which came into effect in December 2020 and have injected much-needed positivity in the state’s real-estate sector, will also ensure systematic … READ FULL STORY
As the much-awaited Development Plan (DP) 2034 of Mumbai was unveiled by the state government in May 2018, the ‘Development Control and Promotion Regulation 2034 (DCPR 2034)’ was put up for public suggestions. Now, … READ FULL STORY
Mumbai recorded the third-highest growth in annual household incomes at 20.4% over a five-year period from 2014 to 2018, according to the inaugural issue of Knight Frank’s global report, ‘Urban Futures’. The growth in … READ FULL STORY
Bandra-Kurla Complex (BKC) in Mumbai, has been highly successful in limiting the further concentration of offices in south Mumbai and has emerged as one of the most noteworthy locations, vis-à-vis planned developments in Mumbai … READ FULL STORY
Mumbai’s Development Control and Promotion Regulation 2034 (DCPR 2034) is a blueprint for the growth of the city, in terms of improving infrastructure facilities, easing construction bottlenecks and addressing issues like redevelopment and slum … READ FULL STORY
The Brihanmumbai Municipal Corporation (BMC) has eased the norms for the redevelopment of old dilapidated buildings in the metropolis. The civic body issued new guidelines in the Development Control and Promotion Regulations (DCPR), to … READ FULL STORY
The much-awaited Development Plan (DP) 2034 of Mumbai is a mixed bag for stakeholders, as there are some positive provisions, as well as some other areas of challenge. It is interesting to note that … READ FULL STORY
Around half-a-dozen housing societies in Mumbai, have got the go-ahead for self-redevelopment from the Maharashtra Housing and Area Development Authority (MHADA), an official has revealed. The Mumbai District Central Cooperative Bank (MDCCB) has also … READ FULL STORY