Builders ask Govt To Reconsider GST on FSI Charges, Warns of Potential 10% Increase in Housing Prices

CREDAI has strongly opposed the proposed 18% GST on FSI (Floor Space Index) and Additional FSI charges, claiming that it could raise housing prices by 7-10%, making affordable housing projects financially unfeasible. The real estate body has urged the government to reconsider the move, warning that it could lead to stalled developments and disrupt the housing market.

Peripheral Areas Outshine Mumbai’s Prime Locations in Residential Price Appreciation

Mumbai Metropolitan Region (MMR) is witnessing a shift as peripheral areas like Panvel and Virar are outpacing prime locations such as Worli in residential price appreciation. Enhanced connectivity, improved infrastructure, and affordable housing are driving this growth, making suburban areas increasingly attractive to homebuyers and investors.

CIDCO’s Hits 1,00,000 Applications, Registration Extended Until December 26

CIDCO’s “My Preferred CIDCO Home” scheme has reached a milestone of 1,00,000 applications for its 26,000 affordable homes. The registration deadline has been extended to December 26, 2024, allowing more citizens to apply and providing them additional time to gather necessary documents.

MHADA Workshop Outlines Roadmap for MMR Growth Hub Project to Deliver 8 Lakh Affordable Homes by 2030

MHADA’s workshop on the MMR Growth Hub Project outlines a roadmap to deliver 8 lakh affordable homes by 2030, with a focus on slum rehabilitation, private developer collaboration, and innovative housing models. The project aims to address Mumbai’s housing crisis, spur economic growth, and transform the region’s urban landscape through sustainable redevelopment and cluster-based planning.

Deadline Extended for MHADA Konkan Board Lottery Applications Till December 24

MHADA has extended the deadline for its Konkan Housing Board lottery applications to December 24, 2024. The lottery offers 2,264 flats under various schemes, with a computerized draw scheduled for January 21, 2025. MHADA is encouraging citizens to participate and take advantage of this opportunity for affordable housing in Maharashtra.