Insights
Impact of New Maharashtra Housing Policy on Residential Markets in Mumbai
The recently-released Maharashtra State Housing Policy proposes redevelopment of buildings in 104 layouts of the state-run Maharashtra Housing & Area Development Authority (MHADA) in Greater Mumbai. A developer will be eligible for an FSI (Floor Space Index) of three for the redevelopment of a plot up to 2,000 sq mt, and can get an additional
Explained: All The Different Property Purchase Plans On Offer
Developers are offering a variety of payment schemes to attract buyers during the current period when home sales have been slack. It is imperative that based on their individual income bands and liquidity positions (both present and future) they understand what each payment plan entails. The attraction of delayed payments, no EMIs, etc. has to
Government Passes New Norms To Revive Construction Sector
The Cabinet Committee on Economic Affairs (CCEA) yesterday sought to provide a positive push to the construction sector via a slew of initiatives to give a fillip to private participation and investments while also providing oxygen to revive stalled projects in the sector. The announcement that government agencies would pay 75% of the arbitral award
Benami Transactions Law– Attempt To Check Black Money In Real Estate
Last month, the Lok Sabha passed a comprehensive Benami Transactions (Prohibition) Amendment Bill 2015, with the intent of bringing unaccounted money into the system, as well as seizing benami property and prosecuting those indulging in such activities. The three-fold objective – Amending the definition of benami transactions, establishing adjudicating authorities and setting up an Appellate
