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PMAY-U: A Boost For Urban Housing

PMAY-U: A Boost For Urban Housing

According to economic survey 2015v16, the decade to 2011 saw inter-state migration of 60 million people and inter-district migration of around 80 million people. However, within the next four years, by 2015, the number of inter-state migrants increased by 45 million.

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Govt clears 3 parking lot projects

Govt clears 3 parking lot projects

Under the revised parking floor space index (FSI) policy, the Maharashtra government approved three parking lot projects for over 1,300 vehicles. The new lots are at Altamount Road (behind Jaslok Hospital), and in Ghatkopar and Mulund (LBS Marg).
According to media reports, the lots would be a huge relief for people as parking space in the city

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CREDAI requests govt to promote affordable housing

CREDAI requests govt to promote affordable housing

Real estate body CREDAI requested government to promote housing particularly affordable segment by scrapping the floor space index (FSI) restrictions and allowing vertical buildings. Lalit Kumar Jain, Chairman of CREDAI and CMD Kumar Urban development opined that this would enable the government meet the ever rising demand for housing in Mumbai which is facing tremendous land

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Minister calls for revision of land use norms

Minister calls for revision of land use norms

Union Minister for Housing Ajay Maken stressed on the need to revise the floor surface index and land use norms in large cities, which do not have adequate open land for housing needs. He pointed that the centre cannot give any directive to the state governments in the matter of FSI and land use norms, but in the New Delhi master plan, whic

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Govt finalises changes in STP policy

Govt finalises changes in STP policy

Maharashtra government finalised several changes to the existing policy for the Special Township Project (STP) scheme. The modified policy increases the contribution of the builder to low-cost housing to 20 per cent of the total built-up area from the current level of over 10 per cent. It may be recalled that over six years ago, the state gove

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The coast is closer now

The coast is closer now

The Coastal Regulation Zone’s latest amendment is mired in controversy. On one hand, many sections of the industry, especially the builder lobby are terming it progressive.