Latest Updates On Redevelopment Rules

March 14, 2024: The Maharashtra Cabinet has announced a significant reduction in premiums for housing society redevelopment in Mumbai, aiming to boost infrastructure and societal development. The move, slashing premiums from 15 per cent to 10 per cent for converting land ownership from leasehold to freehold, and further down to 5 per cent for self-redevelopment on government-owned leased lands, is expected to benefit over 8,000 housing societies, particularly those aged 50-60 years. This decision has been widely welcomed by residents and the real estate industry, anticipating a surge in redevelopment projects, which will not only rejuvenate Mumbai’s infrastructure but also stimulate economic growth and generate revenue for the government.

Introduction

Many housing societies in Maharashtra are opting for redevelopment to address ageing infrastructure and improve living standards. To ensure a smooth and transparent process, the state government has implemented new redevelopment rules offering greater protection to society members and streamlining the procedure.

This guide provides a concise overview of these crucial regulations, empowering residents to make informed decisions about their society’s redevelopment journey.

Complete Guide To Pay Faridabad Water Bill Online

Paying your Faridabad water bill online is a convenient and hassle-free way to manage your utilities. With the advent of digital platforms, you can now settle your water bills from the comfort of your home or on the go. This complete guide will walk you through the step-by-step process of paying your Faridabad water bill online, ensuring a seamless…