New Development Plan: Taller Mumbai Will Have 10 L Affordable Homes By 2034
The Maharashtra government has sanctioned the Mumbai Development Control and Promotion Regulations 2034. The new plan is expected to open up over 3,700 hectares of land in the city’s no-development zone and salt-pan land. This large tract of land is likely to be used for developing residential real estate in the affordable category. According to the plan, nearly 10 lakh affordable houses will be constructed by 2034. It was earlier this year that the DCPR 2034 was passed by the government.