The Goa Rehabilitation Board launches a wide redevelopment initiative for Sada Vasco, aiming to rehabilitate residents and monetize unused land via PPP, boosting real estate growth.
Worli's Shivshahi housing society gets 2.8 FSI for redevelopment, allowing construction of three towers, including a 42-story skyscraper for existing residents and two 38-floor towers for sale.
Mumbai's redevelopment policy undergoes changes, offering more profits to developers and residents. Larger clusters mean bigger flats and easier negotiations.
Bombay High Court directs BMC and MHADA to take responsibility for dilapidated buildings, amidst rising building collapse incidents.
MHADA plans to redevelop Motilal Nagar Housing Colony in Goregaon, offering 600 sq ft flats to existing residents and constructing 32,000 additional affordable units.
TATA Housing Development ventures into the Mumbai market with redevelopment projects in premium housing, aiming to bring ethical practices and quality products.
ITAT ruling prevents taxation on builder payments for redevelopment in Mumbai, benefiting 35,000+ buildings and offering clarity on taxation in such cases.
Centrum Broking predicts a 30-35% decline in India's residential property prices, with Mumbai expected to fare better, possibly experiencing a reduction of 20-30% by April 2009.
Akruti City identifies new growth spots in bus terminals and warehouses, formalizing JVs with the Gujarat government and NCDEX.
A Supreme Court ruling allowing increased Floor Space Index for old buildings in South Mumbai opens redevelopment opportunities, potentially impacting property prices and infrastructure.
Narang Developers and Bombay Taximen Colony are in talks for a Rs 1,100 crore redevelopment deal, potentially surpassing the previous largest deal of Rs 900 crore between Kumar Developers and Khira Nagar residents.