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BMC

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BMC

BMC Revises Interest Rates for Installment Payments on Building Permission Fees

On January 1, 2025, the Brihanmumbai Municipal Corporation (BMC) revised its installment payment policy for building permission fees, including IOD and CC. The revised policy introduces a higher interest rate of 12% per annum for fresh proposals, with increased penalties for defaults. The changes aim to ensure timely fee recovery and improve financial accountability in the city’s construction sector.
BMC

Exclusive: BMC Seeks Special Planning Authority Status for SRA Projects on Its Land

The BMC has requested Special Planning Authority status for SRA projects on its land, hoping to accelerate redevelopment efforts. However, experts warn that this move could diminish the role of the SRA in managing slum rehabilitation in Mumbai. The proposal awaits discussion once the new state government is formed.

Need for Housing Stock Through PPP: BMC Commissioner

At the HOMETHON Property Expo 2024, Dr. Bhushan Gagrani, Commissioner of BMC, stressed the urgent need for public-private partnerships to enhance housing stock in Mumbai as old buildings await redevelopment. Industry experts advocated for reduced premiums and greater knowledge dissemination to navigate the complexities of urban redevelopment effectively.
MahaRERA seeks report from developers on quality of construction materials

DEVELOPERS WELCOMES SC DECISION TO UPHOLD BOMBAY HC VERDICT AGAINST MCGM RULES TAXING LAND UNDER CONSTRUCTION

DEVELOPERS FRATERNITY WELCOMES SC DECISION TO UPHOLD BOMBAY HC VERDICT AGAINST MCGM…
India’s housing market outpaced the global average in Q1 2025 with 7.7% nominal growth, ranking 15th worldwide. Infrastructure projects, economic growth, and resilient demand continue to fuel this momentum.

BMC received ₹13543 Cr till Jan 2022 from Real Estate target earlier was ₹2000 Cr

One department that overperformed this year in BMC is the Development Plan,…