All you need to know about Floor Area Ratio
The floor area ratio (FAR) or floor space ratio (FSR) denotes the maximum floor space that can be constructed on a given piece of land. In other words, it is a ratio between a … READ FULL STORY
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Must Knows
How to do due diligence for land purchase
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
Must Knows
Maharashtra self-redevelopment scheme: All you need to know about it
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
Property Trends
Average household income outpaces home price rise in Mumbai: Report
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
Commercial Realty
Bandra-Kurla Complex: From marshy land to a prime commercial hub
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
Property Trends
Mumbai’s DP 2034: How will it impact Mumbai’s growth
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
Current News
BMC eases norms to redevelop dilapidated, non-cessed buildings
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
Property Trends
Mumbai DCPR 2034: Can it solve Mumbai’s real estate problems?
The much-awaited Development Plan (DP) 2034 of Mumbai was unveiled by the state government in May 2018, as the ‘Development Control and Promotion Regulation 2034 (DCPR 2034)’ and was put up for public suggestions. … READ FULL STORY
Property Trends
Mumbai Development Plan 2034: An analysis of the pros and cons
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
Current News
Mumbaikars take up self-redevelopment of old apartments
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
Current News
Private landowners, MHADA to join hands for PMAY housing scheme
Under a proposal, cleared by the Maharashtra cabinet on August 7, 2018, the MHADA (Maharashtra Housing and Area Development Authority) will form joint ventures with interested private landowners, to execute the centre’s flagship scheme, … READ FULL STORY
Property Trends
Mumbai Development Plan 2034: Need for better implementation
The burden on Mumbai’s infrastructure has become increasingly evident over the last few years, with the city witnessing floods and worsening traffic jams. With the increasing number of high-rises, the residents have been demanding … READ FULL STORY
Current News
Mumbai Development Plan 2034, a ploy to sell Mumbai to builders: Opposition
The opposition Congress, on April 26, 2018, slammed the Mumbai Development Plan (DP) 2034, saying it was aimed at selling off the city to builders, ahead of the 2019 elections. The NCP charged that … READ FULL STORY
