Following AAI’s decision to relax the earlier cap imposed on the elevation levels of city buildings in Navi Mumbai, the realty projects worth ₹5,000Cr will now get clearance along with mega development plans of another ₹5,000Cr on the open plots across the city; blueprints of over 100 new building projects are presently being reworked while over 3,500 buildings awaiting redevelopment will also be now fast-tracked
According to CIDCO estimates, realty projects worth 5,000 crores will now be cleared, along with mega development plans worth another 5,000 crores on open plots across the city, as a result of the Airports Authority of India’s (AAI) decision to relax the earlier cap imposed on the elevation levels of city buildings in Navi Mumbai. The city’s architects are currently reworking blueprints for more than 100 new building projects as a result of the relaxation, according to the developers association. Aside from the new structures, the city’s over 3,500 pending redevelopment projects will be accelerated.
https://www.hindustantimes.com/cities/mumbai-news/in-navi-mumbai-realty-projects-worth-5-000cr-to-inch-ahead-3-500-buildings-awaiting-redevelopment-to-benefit-101659708646174.html
Source: Hindustan Times
