Browsing Tag

mumbai redevelopment

10 posts

Bombay HC GST Relief Verdict Could Unlock Rs. 30,000 Cr Redevelopment Potential in Mumbai

The recent Bombay High Court ruling in the Shrinivasa Realcon case has clarified that GST does not apply to redevelopment projects where no transfer of development rights or FSI occurs. CREDAI-MCHI says this verdict could unlock over ₹30,000 crore worth of stalled redevelopment in Mumbai, urging policymakers to act swiftly on GST clarity to rejuvenate the city’s aging housing stock.

Mumbai Funnel Zone Redevelopment Eases: Building Height Limit Raised to 18 Metres

The Maharashtra government has raised the maximum permissible height for buildings in the Mumbai Airport funnel zone to 18 meters, easing redevelopment for aging societies and tenanted structures. The move aims to balance aviation safety with urban housing needs.
affordable homes

MHADA Chief Calls for Public-Private Partnership to Accelerate Mumbai’s Redevelopment at EODR 2.0

Over 3,000 housing societies and 40 developers gathered at CREDAI-MCHI’s EODR 2.0, where MHADA CEO Sanjeev Jaiswal emphasized the urgency of public-private partnerships and policy reforms to revamp Mumbai’s aging buildings and drive transparent, efficient redevelopment.
MHADA

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.

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.