Maharashtra Govt. Proposes Draft Housing Policy

July 25, 2007	(2 votes, average: 3 out of 5)  Loading ...
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The Maharashtra Government, on Tuesday has come up with a draft housing policy in the Legislative Assembly. It endeavors to encourage private investment in the residential sector, facilitate development of Township in cities’ major locations, raising FSI limits, ensures sale of apartments on basis of carpet area.

Other significant measures allow non agriculturists to buy land and there would be no ceiling limits for holding land. The new draft housing policy has been published after consultation and public debate.

Special Township Schemes have proposed to bring more affordable houses for middle class. These schemes will be carried outside the Municipal Corporation Area by raising FSI limit of 0.5 to 0.1 in Urbanisable Zone (U-1 and U-2).  Also, it is proposed to carry out considerable changes in the Development Control Regulations.

State agencies will take up the development of infrastructure facilities through Public Private Partnerships. The list includes Mumbai Metropolitan Region Development Authority (MMRDA), Maharashtra State Road Development Corporation (MSRDC), Maharashtra Jeevan Pradhikaran (MJP), Maharashtra Housing & Area Development Authority (MHADA) and Cities & Industrial Development Corporation (CIDCO).

Maharashtra is flourishing on the back of rapid urbanization especially in Mumbai. Considering the same fact, the Government has decided to lay emphasis on providing the public with better connectivity and means of communication.

The Government will soon open the Mumbai Transharbour Link connecting the Island City of Mumbai to Navi Mumbai up the hinterland around Nhava Sheva. The move has been planned to push construction activities.

News Published Under:   Real Estate India |

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