Maharashtra State Draft Housing Policy 2007

You might also like

Download as doc, pdf, or txt
Download as doc, pdf, or txt
You are on page 1of 1

Maharashtra State Draft Housing Policy 2007

Mumbai, India, July 24, 2007 - The Maharashtra Government has tabled a draft housing
policy in the Legislative Assembly yesterday. Significant policy measures proposed
include encouraging private investment in the housing sector, facilitating township
development on the peripheries of cities, raising FSI limits, ensuring sale of apartments is
on carpet-area basis only, allowing non-agriculturists to buy land, and no ceiling limits
for holding land. Continue reading this article to view the full draft of the housing policy.
Maharashtra Chief Minister Mr Vilasrao Deshmukh said that the publication of the draft
housing policy has been after consultation and public debate. The first draft of the
housing policy was published on November 1, 2006.

In order to decongest Municipal Corporations areas in MMR region and to make


available affordable houses to the middle class, it is proposed to encourage Special
Township Schemes outside the Municipal Corporation area by raising FSI limit of 0.5 to
1.0 in Urbanisable Zone (U-1 and U-2). It is proposed to carry out appropriate changes in
the Development Control Regulations.

State agencies like 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) are to facilitate infrastructure
development through Public – Private Partnerships.

Development of Satellite Townships.


In view of the rapid urbanisation process and growing population in the urban areas of
Maharashtra and Mumbai in particular, the Government has decided to give importance
to providing connectivity and better means of communication to the Satellite Townships.
The Housing Policy will have to take the above development into consideration. For
example, the Mumbai Transharbour Link connecting the Island City of Mumbai to Navi
Mumbai will open up the hinterland around Nhava Sheva for development and boost
housing and other developmental activities. An exercise will be undertaken to identify
such connectivity infrastructure projects and development of Housing will have to be
dovetailed accordingly.

View Draft Housing Policy on INRnews at the link below:


Maharashtra State Housing Policy July 23, 2007

About INRnews
INRnews.com is the leading site for news and views on Real Estate and Property in India. Stay
informed on the latest Indian Real Estate and Property News including National, Regional,
Residential, Commercial, FDI, Infrastructure, Housing Finance, IT, SEZ and more. Real Estate
and Property news is conveniently categorized in over 100 categories by region or by type such
as Bangalore, Chennai, Delhi & NCR, Kolkata, Pune, Mumbai, Commercial, SEZ, Retail and
more.

www.INRnews.com

You might also like