BMC to cut permissions needed for building projects by 50%

The BMC is attempting to streamline its notorious building proposal department from May 15 by curtailing permissions a developer requires to obtain building approvals and commencement certificate. 

A 21-page circular issued last week by outgoing civic chief Sitaram Kunte directed the development plan department to begin "auto scrutiny" and online single window application of building proposals on a trial basis by April 30. From May 15 onwards, BMC intends to streamline the system permanently. 

"The main focus is to simplify the construction permit process and reduce the time by eliminating avoidable procedures. It envisages a reduction in procedures involved in interdepartmental clearances and stages by about 50% and reduction of time by about 60%. It also envisages an IT-enabled system for a single window clearance as a long-term solution," said the circular. 

All proposals will now be processed simultaneously along with obtaining the various building concessions. The preliminary sanction called intimation of disapproval (IOD) and commencement certificate to start work will be granted simultaneously. The all-important occupation certificate and building completion certification will be issued simultaneously, within 15 days from the date of application and submission of compliances. 

Building industry sources said the submission of a proposal currently is "cumbersome", especially when obtaining concessions in open space and other benefits that require clearances from the traffic department and fire brigade.

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About us

MCHI-THANE has always been very clear that fine housing complexes and shopping malls cannot stand in isolation. A great City is the sum total of great buildings, great infrastructure and great people. MCHI has been committed to growth of the real estate sector and is credited with the harmonious growth and rise in quality and standards of construction in Thane City in the past decade.

Its aim as an Association of Developers has been to seek rational rules and regulations which are uniformly applied across the board as this will to a great extent result in speedy construction, cost reduction, fair pricing and a push for better quality standards at par with the developed world, with a high level of transparency.

Contact
501, 5th Floor, Plot No - A-123/4,
Odyssey IT Park, Road No. 9,Wagle Estate
Thane (W) - 400 604, Maharashtra, India

Mobile : (+91) 9833 4583 23 E-mail: mchithane@gmail.com 

Dosti Realty to unveil 100 acre project in Thane

Dosti Realty a leading real estate developer in Mumbai will be unveiling a new project DostiCodename Landmark. This project is an affordable luxurious integrated township concept of Urban Living spread across 100-acres at Balkum, Thane. The project is located in a high development zone earmarked for rapid infrastructure development; thereby possessing a high rate of appreciation on investment, going forward.

The project is strategically located facing the main arterial road of Balkum Junction thereupon offering an easy access from the Eastern Expressway Highway and Ghodbunder road. The project is also in close proximity to important business districts like Airoli, Ghansoli, Vikroli, Bhiwandi, Mulund, Chembur, Wagle Estate, Thane – Belapur road and Navi Mumbai. It also has the added advantage of being conveniently close to Mumbai and surrounding areas; just 5 minutes from Eastern Express Highway, 18 minutes from Thane railway station and approximately 15 min away from business district of Navi Mumbai like Airoli, Mahape IT Park, Taloja and Vashi.

Speaking on the occasion Deepak Goradia, Vice Chairman  & Managing Director, Dosti Realty said, “We are extremely pleased to be unveiling one of our most cherished project in the MMR region. This project being centrally located has immense potential for price appreciation and growth in the near future with most social infrastructure in close proximity to the area. This is a win- win situation for home buyers with dual benefit of having a luxurious affordable housing project with excellent connectivity to the rest of Mumbai.”

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About us

MCHI-THANE has always been very clear that fine housing complexes and shopping malls cannot stand in isolation. A great City is the sum total of great buildings, great infrastructure and great people. MCHI has been committed to growth of the real estate sector and is credited with the harmonious growth and rise in quality and standards of construction in Thane City in the past decade.

Its aim as an Association of Developers has been to seek rational rules and regulations which are uniformly applied across the board as this will to a great extent result in speedy construction, cost reduction, fair pricing and a push for better quality standards at par with the developed world, with a high level of transparency.

Contact
501, 5th Floor, Plot No - A-123/4,
Odyssey IT Park, Road No. 9,Wagle Estate
Thane (W) - 400 604, Maharashtra, India

Mobile : (+91) 9833 4583 23 E-mail: mchithane@gmail.com       

Scrapping of development plan to hit home supply in Mumbai

The Maharashtra government’s move to scrap the draft development plan for Mumbai and its revising could hit supply of new housing projects. This would push up property prices in the country’s commercial capital.

Gulam Zia, executive director at Knight Frank, said the confusion in the new plan will delay new projects by at least one year. “Those projects, which are to come up in three years from now, will not come up and supply will be hit. As a result, prices will shot up,” Zia said.

He said developers would not put up new proposals till the row is settled and government officials will also be under confusion regarding clearing of new projects.

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About us

MCHI-THANE has always been very clear that fine housing complexes and shopping malls cannot stand in isolation. A great City is the sum total of great buildings, great infrastructure and great people. MCHI has been committed to growth of the real estate sector and is credited with the harmonious growth and rise in quality and standards of construction in Thane City in the past decade.

Its aim as an Association of Developers has been to seek rational rules and regulations which are uniformly applied across the board as this will to a great extent result in speedy construction, cost reduction, fair pricing and a push for better quality standards at par with the developed world, with a high level of transparency.

Contact
501, 5th Floor, Plot No - A-123/4,
Odyssey IT Park, Road No. 9,Wagle Estate
Thane (W) - 400 604, Maharashtra, India

Mobile : (+91) 9833 4583 23 E-mail: mchithane@gmail.com     

Mumbai ranks 15th on global office skyscraper rents index: Knight Frank's Skyscraper 2015 Report

Mumbai, the commercial capital of the country, with office rents at $51.50 (Rs 3,241) per sq ft a year ranks 15th globally, according to the Knight Frank's Skyscraper 2015 Report. The study looks at the prime office rents of 18 markets across the globe.

The annual rentals work out to average of Rs 270 per sq ft a month.

 

The Skyscraper Index ranks cities according to a score system based on a range of criteria including skyscraper office rents and yields, the spread offered by investment yields compared to national bonds, the number of high rises built, and growth prospects for the city.

Among the 18 global property markets, Hong Kong boasts the world's highest skyscraper office rents at $250.50 per sq ft a year, the report showed.

While Hong Kong's large lead in annual rents reflects a low vacancy rate and constrained CBD area, New York is also closing fast. New York's Skyscraper prime office rents have increased by 20% to hit $150 a sq ft since July 2014, outperforming Hong Kong which increased by only 11.3%. 

Read entire Article on http://goo.gl/Uu0A64

About us

MCHI-THANE has always been very clear that fine housing complexes and shopping malls cannot stand in isolation. A great City is the sum total of great buildings, great infrastructure and great people. MCHI has been committed to growth of the real estate sector and is credited with the harmonious growth and rise in quality and standards of construction in Thane City in the past decade.

Its aim as an Association of Developers has been to seek rational rules and regulations which are uniformly applied across the board as this will to a great extent result in speedy construction, cost reduction, fair pricing and a push for better quality standards at par with the developed world, with a high level of transparency.

Contact
501, 5th Floor, Plot No - A-123/4,
Odyssey IT Park, Road No. 9,Wagle Estate
Thane (W) - 400 604, Maharashtra, India

Mobile : (+91) 9833 4583 23 E-mail: mchithane@gmail.com     

Mumbai's development plan should make adequate provisions for affordable housing: Experts

The city's development plan, which will now be reviewed over the next four months, should make adequate provisions for affordable housing, say experts.

The DP should address the problem of affordable housing, and how the infrastructure is to keep pace with the requirement arising out of population growth, said property consultant Jones Lang Lasalle.

The goal should be to ensure how the city can improve and increase its open spaces, and how the concept of differential FSI and transit-oriented densification and development can help the city to improve the overall standard of living, create and manage resources, and remain competitive.


Read entire Article on http://goo.gl/tg1XMq


About us

MCHI-THANE has always been very clear that fine housing complexes and shopping malls cannot stand in isolation. A great City is the sum total of great buildings, great infrastructure and great people. MCHI has been committed to growth of the real estate sector and is credited with the harmonious growth and rise in quality and standards of construction in Thane City in the past decade.

Its aim as an Association of Developers has been to seek rational rules and regulations which are uniformly applied across the board as this will to a great extent result in speedy construction, cost reduction, fair pricing and a push for better quality standards at par with the developed world, with a high level of transparency.

Contact
501, 5th Floor, Plot No - A-123/4,
Odyssey IT Park, Road No. 9,Wagle Estate
Thane (W) - 400 604, Maharashtra, India

Mobile : (+91) 9833 4583 23 E-mail: mchithane@gmail.com   

Bespoke pads to crown new Mumbai highrise

Ahuja Constructions, the Mumbai-based real estate developer, has launched a new iconic residential project called Ahuja Towers in Worli in Mumbai.

The project comprises a 53-storey tower offering 78 apartments, including ‘The Seven’s Heaven’, bespoke collection of seven exclusive apartments on the 40th floor and above. The project is designed in collaboration with international interior designer, Wilson Associates, New York.

The size of the ‘seven heaven’ apartments varies from 5,700 to 6,500 sq ft with a price tag of Rs 55,000 per sq ft.

“The limited edition of seven residences are being offered as part of ‘The Seven’s Heaven Bespoke Collection’, with ready to move in privileges which will re-define the future of luxury living in the city,” Gautam Ahuja, managing director at Ahuja Constructions told Financial Chronicle.

Read entire Article on  http://goo.gl/HCQfS3



About us

MCHI-THANE has always been very clear that fine housing complexes and shopping malls cannot stand in isolation. A great City is the sum total of great buildings, great infrastructure and great people. MCHI has been committed to growth of the real estate sector and is credited with the harmonious growth and rise in quality and standards of construction in Thane City in the past decade.

Its aim as an Association of Developers has been to seek rational rules and regulations which are uniformly applied across the board as this will to a great extent result in speedy construction, cost reduction, fair pricing and a push for better quality standards at par with the developed world, with a high level of transparency.

Contact
501, 5th Floor, Plot No - A-123/4,
Odyssey IT Park, Road No. 9,Wagle Estate
Thane (W) - 400 604, Maharashtra, India

Mobile : (+91) 9833 4583 23 E-mail: mchithane@gmail.com   

Maharashtra govt scraps controversial Mumbai Development plan

Mumbai's controversial proposed Development Plan (DP) has been scrapped by the Maharashtra government. Chief Minister Devendra Fadnavis announced this at a press conference in Mumbai on Tuesday. Fadnavis said that the decision to scrap the Mumbai Development Plan was decided on Tuesday's Cabinmeeting.

"We have decided to scrap the proposed Development Plan as there were a number of complaints and objections against the DP Plan. The Committee headed by Chief Secretary Swadhin Kshatriya also found many mistakes and flaws in the DP and based on the report of the committee the state has decided to scrap this DP." said Fadnavis.

He added, "We have asked the BMC to reformulate the new Development Plan for Mumbai and submit it within four months."


Read entire Article on http://goo.gl/p5MSHj



About us

MCHI-THANE has always been very clear that fine housing complexes and shopping malls cannot stand in isolation. A great City is the sum total of great buildings, great infrastructure and great people. MCHI has been committed to growth of the real estate sector and is credited with the harmonious growth and rise in quality and standards of construction in Thane City in the past decade.

Its aim as an Association of Developers has been to seek rational rules and regulations which are uniformly applied across the board as this will to a great extent result in speedy construction, cost reduction, fair pricing and a push for better quality standards at par with the developed world, with a high level of transparency.

Contact
501, 5th Floor, Plot No - A-123/4,
Odyssey IT Park, Road No. 9,Wagle Estate
Thane (W) - 400 604, Maharashtra, India

Mobile : (+91) 9833 4583 23 E-mail: mchithane@gmail.com