Category Archives: Land Policy

Wider the road, taller can be its buildings in Mumbai now

The state government has finally rolled out its new transfer of development rights (TDR) policy for Mumbai, where additional construction rights will be given to builders depending on the width of a road along a project site. State urban development secretary Nitin Kareer said the policy has been officially notified. The biggest beneficiaries will be… Read More »

Maha blinks, allots 50 hectares to land Mumbai IFSC

The plan to set up International Financial Services Centre (IFSC) in Mumbai is likely to get Centre’s nod this time around, thanks to the revised proposal from the Maharashtra government under which more land has been allotted for the project. A plot adjoining the existing G-Text block at Bandra Kurla Complex has now been added… Read More »

Gujarat to regularize all properties on ULC land

Gujarat chief minister Vijay Rupani is planning to promulgate an ordinance to regularize all residential properties built on land coming under Urban Land Ceiling Act. The market price of these properties runs into several thousands of crores of rupees. The revenue department has finalized the draft ordinance which will be sent for the formal approval… Read More »