Tag Archive | "FSI"
Plot thickens for posh JVPD building
Land Was Actually Meant For Low-Cost Houses Under ULCA A little delve into the scam, in which the BMC’s building proposals department had approved 386 parking lots for 33 flats free of floor space index (FSI) in an 11-storey posh building on Gulmohar Road at JVPD, throws up more irregularities. A query filed through the [...]
Continue reading...Builders sell parking space as flat area, mint crores
Thursday, August 12, 2010
Unscrupulous builders in the city have hit upon a new con to mint big money. These developers, allegedly with the connivance of the BMC’s building proposals department, get plans sanctioned for car parking decks on each floor and then sell off the space as part of your apartment. The practice, which has been in vogue [...]
Continue reading...Wait for rise in FSI stalls redevelopment plans
Monday, July 12, 2010
The state’s dithering on whether to grant FSI of 3 for reconstruction of old and dilapidated buildings has virtually stalled the redevelopment of these buildings in the island city. Officials in Mantralaya said the file was with CM Ashok Chavan’s office, awaiting his approval. Queries to the CM’s office on reasons for the delay elicited [...]
Continue reading...4.5 acres of land in Mumbai’s Mulund suburb sold for Rs 200 cr
Tuesday, July 6, 2010
Kalpataru Builders has purchased 4.5 acres of land in a busy Mulund area for close to Rs 200 crore in one of the biggest real estate deals in the suburbs here, a source said. “Kalpataru builders has signed an agreement to buy 4.5 acres of land in Mulund that belongs to Schrader Duncan Ltd, a leading [...]
Continue reading...Mumbai : Now, builderss developing roads will get more FSI
Wednesday, June 23, 2010
In a move that will indirectly benefit developers, the state urban development department has issued a notification that will give them 25% more floor space index (FSI) if they agree to construct a road on a portion of a land that they have surrendered to the BMC. This is over and above the 100% [...]
Continue reading...Bonanza for builders: FSI rules eased in other cities
Thursday, June 17, 2010
The development control regulations (DCR) in the second master plan of Chennai Metropolitan Development Authority (CMDA) have been made applicable to several cities across the state, including Coimbatore, Tiruchi and Madurai. It aims to to provide uniform guidelines for constructing buildings and developing layouts in all urban centres. Builders will enjoy higher floor space index (FSI [...]
Continue reading...WILL CHANGE LAW TO RESTORE FSI IN SUBURBS: MAHARASHTRA GOVERNMENT
Saturday, June 12, 2010
The state government is likely to amend the Maharashtra Regional Town Planning (MRTP) Act1966 to restore its decision to increase the Floor Space Index in Mumbai’ssuburbsfrom1to1.33. The decision was made after the Bombay High Court on Thursday set aside the state’s April 2008 Government Resolution, which raised the FSI, saying the MRTP Act did not contain [...]
Continue reading...DLF to launch Mumbai’s largest luxury housing project soon
Wednesday, May 26, 2010
Apartments likely to be in the Rs 5-10 crore range each. DLF, the country’s largest real estate company, is planning to launch its Lower Parel high-end housing project soon, said sources in the know. Touted as Mumbai’s ‘largest luxury residential project’, the project is expected to have three towers with 1,000 apartments and one of the largest [...]
Continue reading...Realty firms eye Mumbai redevelopment bonanza
Thursday, April 29, 2010
Prime land, additional construction rights and limited capital investment are drawing firms to such projects Real estate developers in Mumbai are preparing to bid for several redevelopment schemes that the Maharashtra government is planning in the city. Top developers such as Unitech Ltd, DB Realty Ltd, Ackruti City Ltd and Orbit Corp. Ltd are eying the projects, [...]
Continue reading...Realty industry welcomes panel to review FSI policy
Friday, April 23, 2010
Incentives like higher FSI will result in more affordable houses and the growth of slums will be controlled. The real estate industry welcomed the state govern has welcomed the state government’s decision to set up a committee to review the existing Floor Space Index (FSI) policy. Industry insiders contend that the current policy is too complex and [...]
Continue reading...Apply for MHADA 5,648 low-cost homes
Thursday, March 25, 2010
MHADA FLATS Affordable houses will be released by year-end Home buyers can rejoice as the Maharashtra Housing and Area Development Authority (MHADA) would now throw open the sale of 5,648 low cost houses this year-end. These houses are available in places such as Sion, Versova, Mahim, Borivali, Malad, Powai, Wadala and Goregaon. A senior MHADA official who spoke [...]
Continue reading...Mumbai : FSI bonanza for redevpt of cessed bldgs
Saturday, February 13, 2010
Residents of old buildings have something to cheer about: The promised 300-sq-ft flats are all set to become a reality. The state government is likely to hike the floor space index (FSI) for redevelopment of old and dilapidated buildings from the existing 2.5 to 3. Sachin Ahir, minister of state for housing, confirmed this. “An announcement [...]
Continue reading...Real Estate Developers Reviving Big-Ticket Projects in Kolkata
Tuesday, February 9, 2010
Real estate developers are reviving big-ticket projects in Kolkata after securing a commitment from the West Bengal government that “some kind of incentive” would be offered to help them emerge from the downturn. The projects had been halted for at least 18 months. States such as Maharashtra, Gujarat and Uttar Pradesh have already announced incentives [...]
Continue reading...Builders bet big on cluster development
Saturday, September 19, 2009
At least 15 developers have lined up 35-40 such projects to be submitted to BMC Even during the worst days of the economic crisis, property rates at south Mumbai’s posh Nepean Sea Road didn’t fall to below Rs30,000 per sq. ft. The area, cut-off from the city’s dust and din, is dotted with luxury apartments and [...]
Continue reading...Flat owners keen to avail premium FSI
Wednesday, September 16, 2009
Existing Buildings Can Add More Built-Up Space, But Face Many Challenges In the wake of the state government announcing premium floor space index (FSI is the ratio of land to built-up area) in the Chennai Metropolitan Area to facilitate development of land to its full potential, many flat owner associations are toying with the idea [...]
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Tuesday, August 17, 2010
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