Properties in Naigaon East Mumbai

BDD chawls are all set to be brought down to make way for tall buildings that will rehabilitate over 15,500 families staying in Naigaon, Lower Parel and Worli. While the Naigaon area is being redeveloped by L&T, Shapoorji & Pallonji are working in Lower Parel area and recently Tata Group has been awarded the tender for redeveloping Worli area.

The Indian government, under ‘Act East’ Policy, is developing infrastructure projects in the North Eastern Region (NER) to boost connectivity. It will develop road networks spanning 5,200 kilometres in the North East Region along with National Highway projects and undertake upgradation under the Bharatmala Pariyojana and invest Rs 48,000 crore for building 15 new rail line projects across the state capitals.

Started in 2006, the redevelopment work is far from completion but might get on track as the Bombay High Court has cleared the deck for the construction work to start. The project was in litigation due to a rule imposed by the Brihanmumbai Municipal Corporation that the developer must execute a permanent agreement with the old homeowners to get the construction commencement certificate. As the Bombay HC has set aside this condition, the work might begin soon.

Feng Shui is an ancient Chinese theory for creating a harmonious flow of energies. It lays down several easy-to-apply techniques for rearranging the house and its elements, to influence the energies around and build a nurturing space. Feng Shui emphasises on balancing the two opposite forces - the Yin and the Yang while maintaining the flow of the invisible life force, Chi.

NMC has hiked the property tax rates in the range of 37 to 40 per cent and the collection target from over four lakh properties has been set at Rs 253 crore. Discounts have also been scrapped to ensure the corporation meets the target.