Project Maitree

An architect PMC exclusively working for CHS redevelopment in Mumbai, India #Redevelopment #DCR

[Project Maitree @ProjectMaitree]

How much percentage government should reduce in Ready Reckoner Rate ?
@MCGMConstPermit @CMOMaharashtra @mieknathshinde
#RealEstate #Mumbai
https://t.co/dNKGcDrtTr

[Project Maitree @ProjectMaitree]

Grateful to @sabahvir for highlighting critical issues in Mumbai’s slum redevelopment.

Along with rental housing, developer incentives are essential. No model can succeed without balancing the roles of Supplier, Seeker & Promoter.
#ProjectMaitree #MumbaiHousing #UrbanPolicy

[Sabah V @sabahvir]

64 slum plots on 6.7 lakh sqm of land to be razed. Families to be evicted for redevelopment without consent.

18 of the plots - almost 4 lakh sqm - are in Govandi. Built on a legacy of forced evictions, its future is murky.

https://t.co/xZQt7gAiMK

[Sabah V @sabahvir]

64 slum plots on 6.7 lakh sqm of land to be razed. Families to be evicted for redevelopment without consent.

18 of the plots - almost 4 lakh sqm - are in Govandi. Built on a legacy of forced evictions, its future is murky.

https://t.co/xZQt7gAiMK

[Dhaval Parsana @dmparsana]

Sir @mieknathshinde ji,
Inline of extension granted to approvals under MRTP in past. Timeline Extension (~9 month) shall be granted to the time bound policy applicable till 19th Aug 2021.
@BDAmumbaitweets @MCHI_President @cmdwa @PEATA_INDIA @samir_hingoo @PankajKapoorLF

[Project Maitree @ProjectMaitree]

All type of premium payments (excluding development and administrative charges) made under Development Control and Promotion Regulation will get 50% Discount till 31st December 2021.
https://t.co/bmzlpL37Xj

[Project Maitree @ProjectMaitree]

FY 20-21 Valuation Guideline for Stamp-duty calculation is published by IGR Maharashtra. The guideline has increase the Rate of Construction to Rs 30,250/- sqm. This will impact incentives & premium calculation of redevelopment project.
Copy of Circular: https://t.co/5VWS963xaK

[Project Maitree @ProjectMaitree]

Latest News related to Redevelopment in Mumbai https://t.co/SuDSvDyFKd

1. BMC and UDD Draft relaxation to boost real estate industry.
2. Mhada waived interest on instalments during the pandemic period
3. Real estate industry may not revive till year end.

and many more....

[Project Maitree @ProjectMaitree]

BMC along with Urban Development Department have drafted 33 different suggestions in Mumbai DP 2034 to provide certain relief and incentives for the real estate industry. Incentives for the indstry likely by month-end says BMC Commissioner.
Complete News: https://t.co/3ybNkPTGA4

[Project Maitree @ProjectMaitree]

Full FSI will be granted, in cases where width of the abutment of the plot or access is less than 9.00m but derived from public street/road width of more than 9.0m.
#RealEstate
Complete News by @sandeepashar: https://t.co/V5r7YQTVoc
Copy of Circular: https://t.co/an8AsFSt7a

[Project Maitree @ProjectMaitree]

Maharashtra state housing minister @Awhadspeaks agrees to the plight of tenant and developers faced due to COVID19. He assures that government is planning to reduce premiums & fast track the approvals.

Complete NEWS Article: https://t.co/AP4c1OFwwy

[Project Maitree @ProjectMaitree]

Watch Shri S. Chockalingam Ji, (Settlement Commissioner & Director of Land Records) Answering issues being faced by stakeholders for MHADA layout survey, Sanad, NA permission survey, in a webinar hosted by @PEATA_INDIA along with reforms by revenue dept.
https://t.co/sCyNtRK14q

[Project Maitree @ProjectMaitree]

3. Amendment to construction permission circular no 118 dated 29/04/20 | Circular: https://t.co/UY6ClSzCd1

4. Maharashtra coop societies to hold virtual meet | Read full article: https://t.co/GKRhKjbuIW
(2/2)

[Project Maitree @ProjectMaitree]

1. Ready reckoner rates applicable for 2019-20 will continue to be in place till further orders | Circular: https://t.co/qUHObVTIei

2. Central Govt advises states, UTs to extend time-bound realty permissions validity by 9 months | Circular: https://t.co/UUZDLu37CE
(1/2)

[Liases Foras @LiasesForas]

The price decline will be between 10 to 20% in the mid housing segment(Rs 50 lakh to Rs 2 crore)while the ultra-luxury properties may see up to 30% price reduction in the current market scenario where sales have been negligible since March.
@PankajKapoorLF
https://t.co/W5seIB4YsP

[Srinivas Katikithala @Secretary_MoHUA]

An advisory has been issued to States/UTs by @MoHUA_India to extend the timelines of various time-bound permissions, No Objection Certificates, approval, etc related to real estate construction projects by 9 months automatically.

[Dhaval Parsana @dmparsana]

Demand side intervention in housing sector by extending CLSS for one year. The move will increase demand for affordable and mid segment housing in tier-1 and tier-2 cities. It’s estimated to have 2.5 lac beneficiaries #RealEstate #AatmanirbharBharat #AatmanirbharBharatPackage

[Dhaval Parsana @dmparsana]

Housing for single migrant workers have been the major concerns over the decades. The step will initiate addressing those issues, however the tenancy act and rent control provision will be very much crucial as it going to impact the yield significantly.#AatmanirbharBharatPackage

[Project Maitree @ProjectMaitree]

Extension of 6 Months + additional 3 months is welcome move, now the same provision can also be used by @mybmc to grant extension of IOD/ CC and not to charge interest on the deferred payments.
@MCHI_President @NaredcoWest @PEATA_INDIA @BDAmumbaitweets @IqbalSinghChah2

[PIB India @PIB_India]

.@MoHUA_India will advise States/UTs and their Regulatory Authorities to extend the registration and completion date suo-moto by 6 months for all registered projects expiring on or after 25th March, 2020 without individual applications

[Project Maitree @ProjectMaitree]

Cat B-1: Structural repair work in all building which commenced prior to lockdown & may cause danger to existing building.
Cat B-2: Already commenced waterproofing work to existing building.
Cat B-3: All tenantable repairs like external/internal plaster, plumbing

[Project Maitree @ProjectMaitree]

In Mumbai no new construction activity shall be started on site. Construction activity to be permitted (excluding containment zone) are,
Cat: A: Ongoing below ground construction work
Cat: B: Building repair works Repair work
Detail compliance & Circular: https://t.co/pLhrgybLYq

[Project Maitree @ProjectMaitree]

Cat A: Completion of incomplete foundation/ basement, retaining wall, shore pilling work, basement back filling etc. will be permitted to be carried out where it is likely to cause damages to the adjoining building/ roads or cause flooding or breeding ground for mosquitos.