Maharashtra State Draft Housing Policy 2007

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.

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