The property Market in Mumbai, which is facing crisis caused by Poor sales, plans to move the Mumbai high court against a state minister decision making it mandatory for builders to reserve 20% apartments/flats for the economically weaker section.
There are many rules against this problem, one rule say if a property developer plans to redevelop more than 5,000 Sqm of plot area, he has hand over 25% of the constructed area to the Maharashtra Apartments project & infrastructure development authority.
I am a one of the pioneer builders of Southern India and developed many project across the Mumbai and Mumbai. So, we have to create stylish and affordable home through government schemes and policies. The 25% reservation is one such measure to offer good housing. We will make it mandatory to implement the government policies.
Mumbai Property Market or Mumbai Real Estate Market is touching sky high in the favor of property price in Mumbai. That properties can be residential or commercial properties both. The developers or builders, who are going to redeveloping more than 5,000 sqm plot area, must hand over 25% of the constructed area of Mhada.
I am a one of the pioneer builders of Southern India and developed many project across the Mumbai and Mumbai. So, we have to create stylish and affordable home through government schemes and policies. The 25% reservation is one such measure to offer good housing. We will make it mandatory to implement the government policies.
Mumbai Property Market or Mumbai Real Estate Market is touching sky high in the favor of property price in Mumbai. That properties can be residential or commercial properties both. The developers or builders, who are going to redeveloping more than 5,000 sqm plot area, must hand over 25% of the constructed area of Mhada.
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