Track2Realty: Opposing the Maharashtra government’s decision to hike stamp duty and other taxes related to property, CREDAI has cautioned against capital flight from the State to neighbouring Gujarat and even to Jakarta.
Acknowledging the developer community’s role in the economic growth of MMR in particular and Maharashtra in general, Chief Minister Prithviraj Chavan stressed that his government accords top priority to affordable housing.
While the government is trying to regulate the developers with provisions of penalty and up to imprisonment, the developers in Maharashtra have decided expose the policy paralysis through RTI route.
Maharashtra Chamber of Housing Industry (MCHI) has made a representation to the Union Environment Minister Jayanti Natrajan, complaining about delays in getting green clearances from the state expert appraisal committee.
While the real estate sector has always shied with the need to have a regulatory body, Maharashtra CM Prithviraj Chavan talking of constituting a regulatory authority to control high property prices seems to have sent alarm bells ringing among major players. Some of the real estate companies are now talking about the need to check pricing rather than just setting up a body.
Maharashtra Chief Minister Prithviraj Chavan on Tuesday, Jan 4, announced amendments in the Development Control Rules (DCR) of Mumbai; The Maharashtra Chamber of Housing Industry (MCHI) has welcomed the same.
The Maharashtra Chamber of Housing Industry (MCHI) has thanked the Maharashtra Chief Minister for his assurance that the Ready Reckoner rates for real estate industry may not be increased in the New Year.
Environmentalists have raised serious concerns over the devastating consequences of climate change. Calling it irresponsible, they question how could a parking lot service area for metro trains being allowed to destroy a critical green lung.
Across the peninsular cities of the world the use of waterways transport has been a matter of raging debate. Some of the cities have successfully done it to ease the load on the road traffic.
Bottom Line: Does NDZ in Mumbai stand for No Development…