Ambani plans township in Ulwe,Dronagiri

Next four months will see the launch of the biggest residential township with state of the art facilities by Reliance.The state govt has recently altered its Industrial policy by allowing land which was acquired for building SEZ’s (special economic zones) to be used for building residential buildings.40% of the land acquired for SEZ’s can be…

Govt falters on 5 lakh affordable houses scheme.

Courtesy:TIMES OF INDIA Tomorrow, it will be exactly two years since Maharashtra Chamber of Housing Industry (MCHI) and the state government inked a Memorandum of Understanding (MoU). The intent was to develop five lakh affordable homes in Mumbai and the Mumbai Metropolitan Region (MMR). However, in a recent statement, MCHI has claimed that nothing has…

Builders plan 1 day protest against govt policies

Builders across the city of Mumbai have planned a one day token strike on May 3,against the arbitrary and adhoc policy changes by the govt and the corruption in the govt machinery. The builders are protesting the inordinate delays and corruption in the approvals granting process. Currently each building proposal requires more than 20 approvals…

Sheth developers split due to family dispute

Splitting of familyrun real estate businesses appears to be a growing phenomenon . The three low-profile brothers of the Rs 3,000-crore Sheth Developers Pvt Ltd (SDPL) have reportedly split and the separation is said to have been amicable. Industry sources said the parting was a result of differences in business vision of the three brothers-Ashwin…