Axiom
Call Us - 91 33 4020 4020  
Sign In  I  Sitemap   
AxiomEstates - India Real Estate
     India Properties Worldwide
Axiom Banner
 
Bookmark and Share
E-mail Print Tell A Friend


Residential Properties

 
 
Indian Real Estate News : Mumbai
Civic authority BMC approves 78 skyscraper development projects in Mumbai
Source: ET Bureau Jun 19, 2012
MUMBAI: Civic authority Brihanmumbai Municipal Corporation and its high-rise committee have approved development proposals for 78 skyscrapers over 70 meters of height across the city. Of these approved proposals, around 38 are new proposals while 40 were pending with the earlier committee.

These approvals are being cleared now in the backdrop of almost more than a year and a half passing by without any major approvals for realty projects in the city.

Maharashtra Chamber of Housing Industry (MCHI) has welcomes the civic authority and its high-rise committee's decision to approve these development proposals. With approvals gaining momentum, developers are now talking about passing on benefits of lower interest and financing cost to consumers.

"We hope environmental committee also gives approvals in time of within four months. With faster and timely approvals developers can save interest cost and pass on this benefit to consumers," said Paras Gundecha President of Maharashtra Chamber of Housing Industry.
However, the developers' body is disappointed the committee did not find favor with the former's proposal of building high-rises on smaller plots. It believes the city has already exhausted its horizontal limits. In such a scenario, building high-rises in all the plots big and small is the only option.

Tag: Real estate in mumbai, property in mumbai, apartments in mumbai
 Leave your comments
  
Comments

Citywise News
    All India
    Kolkata
    Mumbai
    Delhi NCR
    Bangalore
    Goa
    Pune
    Chennai
    Other Cities
News Category
    Home Loans
    Announcements
    Tax and Legal
    Policy
    Commercial
    Infrastructure
    FDI
    Developer
    Others
Axiom