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Maha RERA registration must for the sale agreement
To curb sale before Maha RERA registration, state govt has increase vigilance by making Maha RERA registration mandatory for property registration. However, project. registration exempted under Maha RERA (Project having land area less than 500 sqm or sale units up to 8) may get exemption from the condition.
Publication : Govt of Maharashtra- Revenue and Forrest Department | 20 September 2019
Revised instalment facility for additional development rights and concession dated 17th September 2019
Mumbai municipality has lowered the interest payable on premium installments collected from developers in lieu of additional buildable space and concessions availed for construction projects from 12% to 8.5%. It has also granted developers more time to make payments under the installment facility.
Publication : Muncipal Corporation Of Greater Mumbai | 19 September 2019
Self Redevelopment GR
The state resolve their intent to promote self redevelopment through various incentives by it GR dated 13th September 2019. Where by govt. intended to extend following benefits to more than 30 year old society opting the path of self redevelopment.
Publication : State of Maharashtra Housing Department. | 13 September 2019
Transitional policy T5: Policy for providing amenity open space (14-A) in case non-availability of land in ongoing development/redevelopment proposal.
Ongoing development/ redevelopment proposal facing to provide amenity open space on land as per Reg 14-A can avail the option of premium payment or providing built up amenity equivalent to zonal basic FSI of such plots or combination of two.
Publication : - | 6 September 2019
Transitional policy circular 4 (T-4) DCPR 2034, Mumbai
Transitional policy -4 (T-4) for Mumbai Development control and promotion regulation 2034 (DCPR 2034) dated 7th July 2019 Published by: Municipal Corporation of Greater Mumbai (MCGM, formally known as BMC)
Publication : - | 9 July 2019
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