[INDIA REAL ESTATE NEWS] Good morning everyone I am Rumi Dhar from Kama Group.|
Here I have important INDIA real estate news to share with you which is as mention under.
The MHADA Pune board also known as Pune Housing and Area Development Board (PHADB)
is working to frame a separate redevelopment policy for Pune that will be a win-win for both,
developers and tenants. According to a Hindustan Times report, the need for this was because
the redevelopment policy implemented in Mumbai, could not be directly replicated in Pune.
Presently, of the total 41 MHADA Pune colonies in Pune city, 26 layouts, having approximately
17,000 homes, have to be redeveloped as they are more than 30 years old. While the MHADA
Pune board has been following up on the redevelopment for some time now, lack of developer
interest has made the project take a backseat. Some of the reasons for this disinterest was
that while the Maharashtra government sanctioned an FSI of 3 for MHADA Pune properties,
developers were asking for more, as Pune has a lower per sq ft rate when compared to
Read more at: https://housing.com/news/mhada-pune-redevelopment-policy/
Have a nice day