TATA Housing Development

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 Cidco will build a total of 14,838 affordable homes spread across various localities in Navi Mumbai and sell them through an online lottery system. People from the EWS and LIG categories could apply under the scheme to grab an affordable home in a city known for its exorbitantly priced properties.

In a recent directive, the state government, led by Chief Minister Devendra Fadnavis, has told builders, who are assisting it in constructing homes under the Pradhan Mantri Awas Yojana (PMAY) to sell half the units using ready reckoner (RR) rates as the benchmark. Currently, units built under the scheme are being sold under the Maharashtra Housing Area Development Authority (Mhada) policy, and cost about 20-25 per cent more when compared to RR rates.

The L - Zone is one of the seven land pooling policy (LLP) zones earmarked as urbanisable areas under the Delhi Master Plan 2021. This zone is situated in south-west Delhi bordering with Dwarka sub-city in Delhi and Gurgaon in Haryana along with connectivity to the international airport, National Highway-8 and Dwarka Expressway. Property prices in L-Zone are wide-ranging with some projects available under affordable housing category and others with rates comparable to Gurgaon.

Here is a golden opportunity for those who are looking for low-cost homes in Mumbai, one of the most expensive property markets in the world. The Maharashtra Housing and Area Development Authority will on July 18 launch a new scheme under which it would sell over 9,000 homes across the state through a draw of lots. Here is all you need to know about the scheme.