Track2Realty: Godrej Properties through its wholly owned subsidiary, Godrej Projects Development Private Limited (GPDPL), has signed a Development Agreement to redevelop a private society, Sunder Sangam Cooperative Housing Society Limited, situated at Malad West, Mumbai.
Track2Realty: Godrej Properties has through its wholly owned subsidiary, Godrej Redevelopers Mumbai Pvt. Ltd. (GRMPL), entered into a development agreement with the Sahakar Nagar Vibhag- II Federation, to undertake a residential redevelopment project, of 200 tenements, in Sahakar Nagar – II, Chembur, Mumbai.
Track2Realty Exclusive: Urban renewal has led to economic rejuvenation of various countries and we shall have to find our own unique solutions while learning from best global practices. While Singapore and Malaysia’s transformation was led by sagacious leadership, Hong Kong, Shanghai, Chicago, Birmingham and New York effectively used their political process to drastically improve quality of life, economic output and employment opportunities.
Trck2Realty Exclusive: Western suburbs of Mumbai are bursting at its seams, and its infrastructure facilities are outdated. Draining systems built in the times of the British era are still prevalent in the city. There is a dire need to overhaul this system.
Track2Realty Exclusive: Though redevelopment is the buzz word in Mumbai post the new Development Control Rules (DCR), some of the realty analysts are finding it as a short gap arrangement since the supply will be only marginally increased which can’t even meet the ever increasing demand. And hence short supply of the apartment added to the price appreciation will hardly bring any substantial change in the market dynamics of the island city.
Track2Realty: Western suburbs of Mumbai are set for a facelift through redevelopment post the new Development Control Rule (DCR). Ravi Sinha speaks to Lalit Kumar Jain, CMD, Kumar Urban Development and CREDAI President to understand whether it would add more pressure on the existing crumbling infrastructure of the suburbs. Excerpts of the interview:
Babulal Varma, Managing Director, Omkar Realtors & Developers There are…
Godrej Properties will redevelop 18 residential buildings in Chembur, Mumbai. The Company, through its wholly owned subsidiary Godrej Projects Development Private Limited (GPDPL), entered into an agreement dated January 18, 2012 with Kamla Landmarc Property Leasing and Finance Private Limited (Kamla) to undertake a residential redevelopment project in Sahakar Nagar, Chembur, Mumbai.
Redevelopment as a method of urban renewal may involve relocating businesses and people. It must produce tangible economic benefits so that the trouble and expense of redevelopment is justified.
The new Development Control Rules applying restrictions on redevelopment projects in Mumbai will defeat the very purpose of the redevelopment scheme and lead to immense social injustice.