[REAL ESTATE NEWS] Good morning, everyone. I’m Yisack Park staff of Kamaindia Pvt. Ltd.|
Here I have an important Real estate news to share with you which is as undermentioned.
With the Mumbai Development Plan 2034 opening up 3,700 hectares of land that was earlier designated as no-development zone (NDZ) for construction of residential real estate, homebuyers can expect housing units of 30 sq m to be availabl in the range of Rs 60 lakh to Rs 75 lakh.
Experts say that going forward with more housing stock getting added in the affordabl category, prices may correct by 10 to 15 per cent but this is possible only if the increased Floor Space Index (FSI), promised under the blueprint for the city’s development for the next 16 years, is availabl at rational prices and not at a premium.
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Have a nice day.