PROPGUIDE − A Complete Property Guide
#happyhome

#RealtyNewsRoundup: New FSI Plan To Redevelop Old Buildings In Mumbai Suburbs [Video]

Loading video...

Description

Realty News Roundup is PropGuide’s selection of the day’s top stories from the real estate sector.

To redevelop the periphery of Mumbai, the Maharashtra government has proposed to charge an additional cess of Rs 5,000 per sq metre for construction over and above the permissible floor space index (FSI). This has been proposed in case of redevelopment of as many as 100 old and dilapidated buildings in the suburbs. The amount is to be used for developing offsite infrastructure and is to be paid during the construction period.

The central government recently approved the plan to transfer 34.87 hectares of Delhi Development Authority land for setting up a second diplomatic enclave at Dwarka in New Delhi to house chanceries and embassies. Forty-two plots have been carved out for the new diplomatic enclave. While 21 of them will have a size of 2,000 square metres, the remaining will be 1,500 square metres in size.

Country’s largest private equity investor Everstone Capital will invest nearly Rs 200 crore to pick up a majority stake in Sri Kailash Logistics — a company which operates an integrated logistics park in Oragadam near Chennai, which is near the manufacturing hubs of Renault Nissan, Allison, Apollo Tyres, Asian Paints, among others.

Kerala chief minister Pinarayi Vijayan said that blind persons would be given ‘first priority’ while implementing the government’s housing scheme. Under the scheme, the government has decided to give every blind person a house in the state.

Source: Media reports

Tags: Mumbai, FSI, Video, Kerala, Dwarka, propguide, New Delhi, Old Buildings, Oragadam near Chennai


Why Real Estate Is So Expensive In Mumbai

In India’s most prosperous city, half the population live in slums. In Savills' top 12 most expensive cities in the world, Mumbai was the cheapest city to live in. Yet, why is real estate in Mumbai the most expensive real estate is the world?

May 18 2015

+ Click Here To Read This Article

Is NCR Losing Out To Mumbai, Bengaluru, Pune?

The National Capital Region, for very long, has been the largest residential real estate market in India. But, is NCR losing out to Mumbai, Bengaluru and Pune?

November 10 2015

+ Click Here To Read This Article

#RealtyNewsRoundup: BMC To Hand Over Open Spaces To Residents For Maintenance

Here are today's top news stories from the real estate sector.

September 30 2016

+ Click Here To Read This Article

How A Swedish Touch May Help Maharashtra’s Smart Cities Get Smarter

Sweden has offered Maharashtra its assistance in developing its smart cities. PropGuide examines Sweden's SymbioCity model and how it may help building smart cities in Maharashtra.

November 20 2015

+ Click Here To Read This Article

Unsold Inventory: Learnings From PropTiger Q2 Report FY'16

Unsold inventory in major Indian cities have been declining, quarter by quarter.

November 10 2015

+ Click Here To Read This Article

Bandra-Worli Sea Link At Different Hours Of The Day [Photos]

PropGuide takes you through the Bandra-Worli Sea Link in pictures.

November 06 2015

+ Click Here To Read This Article

Jacqueline Fernandez Shows The Way To Buying Luxury Apartments in Mumbai

Mumbai is no longer a just a city of dreams; it is the city of dream homes! The Sri Lankan star sure knows how to find luxury apartments in the city that is also home to Bollywood.

July 10 2015

+ Click Here To Read This Article

Why Is Sonam Kapoor's New Home The Talk Of The Town?

Sonam Kapoor is the latest in the line of Bollywood actors who yearn to move out of their parents’ homes.

June 29 2015

+ Click Here To Read This Article

Here are today’s top news stories from the real estate sector.

PropGuide simplifies complex real estate jargons for you.

According to a PropTiger DataLabs report for the month of February, while new project launches fell...

Education and housing are co-related. This is why as the demand for housing is increasing as India...

The Goods And Services Taxes has clearned a proposal to charge a cess of 15 per cent on luxury cars...

PropGuide tells you how a better metro connectivity will raise real estate prices in Noida.

The first phase of a Metro network is already changing the way people commute in Bengaluru. Upon...

Banks and developers are taking several initiatives to shift India’s home-ownership pattern in...

A building code is a set of norms that govern construction of buildings by stipulating minimum...

PropGuide simplifies complex real estate jargons for you.

Proptiger has released it's quarterly review report on India's real estate sector. Ankur Dhawan,...

Prime lending rate is the interest rate at which banks lend to its most credit worthy...

Subscribe Now

To stay tuned with real estate updates

Pick:

x +

Drop Your Query here


Top