Rajan Hiranandani & Associates’ Post

INDIA FATE OF NEARLY 19,000 PROPERTIES CONSTRUCTED BEFORE 1ST SEPTEMBER 1940 IN MUMBAI TO BE DECIDED BY SUPREME COURT WHETHER IT BELONGS TO ORIGINAL OWNERS OR MAHARASHTRA GOVT WHICH TOOK OVER ON CESSATION AFTER PAYING 100 TIMES MONTHLY RENT SUPREME COURT 9 JUDGES BENCH STARTED HEARING FROM 23RD APRIL 2024 CHALLENGE BY OWNERS OF PROPERTIES AGAINST MAHARASHTRA HOUSING AND AREA DEVELOPMENT ACT AMENDMENT IN 1986 CASE IS PENDING IN SUPREME COURT FOR MORE THAN 38 YEARS AND FIRST TIME REFERRED FROM 3 JUDGES BENCH TO 5 JUDGES BENCH IN 1996 AND TO 9 JUDGES BENCH IN 2001 MAIN ISSUE INVOLVED GOVT NOTIFICATION FOR ACQUIRING IT ON THE GROUND OF MATERIAL RESOURCES FOR COMMUNITY AND WHETHER COVERED UNDER ARTICLE 39(B)OF THE CONSTITUTION WHICH GIVES POWER TO STATE TO ACQUIRE MEANS QUESTION BEING MATERIAL RESOURCES VS PUBLIC PURPOSE https://lnkd.in/gFeNPf6x

Land scarcity and stringent zoning regulations are two of the most significant barriers to #affordablehousing development in India. In urban areas, land acquisition costs often constitute over 50% of total project expenses, making affordable housing financially unviable. The lengthy approval processes for land use changes, which can take up to 30 months, further escalate costs. Zoning laws, such as Floor Area Ratio (#FAR) restrictions, limit the density of developments, driving up prices per unit. For instance, in states like Tamil Nadu, zoning laws mandate minimum provisions for affordable housing, yet this can deter developers when costs outweigh returns. Government land, a potential resource, often remains underutilized. Although recent policies, such as those encouraging public-private partnerships, aim to unlock these lands, progress remains slow. Maharashtra’s new #housingpolicy mandating affordable housing units in large projects is a step in the right direction, but broader reforms are essential. Additionally, easing zoning regulations to allow mixed-use development and higher density could help increase supply. As India's urbanization accelerates, addressing these regulatory barriers is critical. Can policy reforms and innovative partnerships provide the breakthrough needed to meet the rising demand for affordable housing? #AffordableHousing #RealEstateIndia #UrbanDevelopment #HousingForAll #LandAvailability #SustainableHousing #HousingCrisis

Pune Govt Allocates ₹140 Cr for Katraj-Kondhwa Road Widening. Reviving expectations for the project’s quick progress, the Pune administration has set aside ₹140 crore to acquire land for the Katraj-Kondhwa Road’s enlargement. The majority of landowners wanted monetary compensation, which was a setback for the Pune Municipal Corporation (PMC). The project was originally supposed to be finished by March 2025 and was given ₹200 crore in state funding, of which ₹48 crore had already been used. The project was originally supposed to be finished by March 2025 and was given ₹200 crore in state funding, of which ₹48 crore had already been used. The Katraj-Kondhwa Road, which connects places like the recently amalgamated Pisoli region, Khadi Machine Chowk, and Rajas Society, has experienced delays, which have irritated commuters and prompted the local authorities to speed up the construction. Group Media Publication https://lnkd.in/dS_GH34e

🚨🚨 Govt Announces ₹2.30 Lakh Crore Funding for PMAY-Urban Phase II🏡🏡 In a significant move to boost affordable housing, the government has announced a substantial ₹2.30 lakh crore assistance for the second phase of the Pradhan Mantri Awas Yojana - Urban (PMAY-U). This funding is aimed at expediting the construction and delivery of 1.23 crore houses to beneficiaries across urban India. A total of 1.18 crore houses have been sanctioned in the first phase of PMAY-U 2.0, while more than 85.5 lakh houses have already been constructed and delivered to the beneficiaries. Under PMAY-U 2.0, families from economically weaker sections, low-income groups, or middle-income groups without a pucca house anywhere in the country are eligible to buy or build a home. The initiative is a key part of the government's mission to provide 'Housing for All' by addressing the growing demand for affordable housing in rapidly urbanizing areas. #realestate #realestatemumbai #mumbai #Goi

The Affordable Housing Program 2024 funding Contact me to discuss the latest scoop in real estate! #realestatedevelopment #meetubhatnagar #commercialrealestate #apartments #evolutionfromrichtowealthy #passiveincome #realestatedevelopment #multifamily #realestate #realestateinvesting

Real estate developers in India are shifting focus from affordable housing to premium segments due to rising land and construction costs. Despite government efforts like the PMAY-U scheme, there is still a dearth of supply in the affordable homes category, owing to the high land prices. Aiming to bridge this demand-supply gap, Maharashtra Housing Minister Atul Save announced that the state will provide almost 30 lakh affordable homes by 2030. Ravi Shankar Singh speaks to The Deccan Herald on likely government initiatives that will boost the affordable housing segment - https://ow.ly/aEop50TkVqN Learn more about Ravi's expertise here - https://ow.ly/EuPA50TkVqM #ColliersIndia #IndiaRealEstate #affordablehousing #housingtrends #urbandevelopment #residential

🏢📜 The state government has appointed a 10-member committee to study amendments to the Maharashtra Apartment Ownership Act, as reported by the Economic Times. This initiative aims to review and improve the existing regulations to better serve apartment owners and residents. 🏡✨ The newly formed committee will delve into the current provisions of the Maharashtra Apartment Ownership Act, identifying areas for improvement and proposing amendments. This effort is geared towards enhancing the legal framework governing apartment ownership, ensuring it meets contemporary needs and addresses residents' concerns. #PropGuys #Maharashtra #ApartmentOwnership #RealEstate #LegalReforms #Housing #CommunityLiving #PropertyLaw #GovernmentInitiative 🏠🔍⚖️

*Cabinet Decision: Government to provide assistance to construct 3 crore rural and urban houses under Pradhan Mantri Awas Yojana (PMAY)* Govt of India is implementing Pradhan Mantri Awas Yojana since 2015-16 to provide assistance to the eligible rural and urban households for construction of houses with basic amenities. Under PMAY, total total 4.21 Crore houses have been completed for the eligible poor families under the housing schemes in the last 10 years. All the houses constructed under PMAY are provided the other basic amenities such as Household Toilets, LPG connection, Electricity connection, Functional Household Tap Connection etc. through convergence with other schemes of Central Government and State Governments. It has been decided in the Cabinet meeting today to provide assistance to 3 crore additional rural and urban households for the construction of houses, to meet the housing requirements arising out of the increase in the number of eligible families.

Did you know about the remarkable impact of the #Pradhan #Mantri #Awas #Yojana(PMAY) in the Indian #Real #estate #sector? The Indian government has introduced numerous forward-thinking initiatives to significantly bolster the real estate sector, especially in housing. Schemes such as the Pradhan Mantri Awas Yojana (PMAY) have provided tremendous momentum to every Indian aspiring to build or purchase their first home. In its inaugural cabinet meeting, the newly formed government resolved to support an additional 3️⃣ crore rural and urban households with house construction, targeting the escalating housing demands of the growing number of eligible families. Under the ambit of the PMAY, a remarkable total of 4️⃣.21 crore 🏠 houses have been completed for eligible low-income families over the past decade. Share your thoughts in the comments section.

#Exclusive | Curious about tenant rights and land reforms in Maharashtra? Dive into our latest blog on the Maharashtra Tenancy and Agricultural Lands Act to understand how it safeguards both tenants and landlords. 📜🌾 https://lnkd.in/djNvHq4T #RealtyNXT #Maharashtra #ZamindariSystem #Tenants #Landlords #InheritanceRights #LandTransfers