Aakar Realty Enterprises '_____ Realty Mediators

The Maharashtra Housing and Area Development Authority (MHADA) in Pune region has demanded that the state government resolution (GR) to extend an Floor Space Index (FSI) of 2.5 to low-cost housing schemes build by the MHADA should be extended to Pune region. “Former chief minister Ashok Chavan had said that the state government will soon issue a GR permitting 2.5 FSI for housing schemes of MHADA in Pune and Pimpri-Chinchwad region. However, no further action has been taken on the matter,” said Ankush Kakade, chairman, MHADA (Pune region). Kakade said the decision would help in building smaller flats for the common people under the housing schemes of the MHADA. A copy of the GR, issued by the state government in January, reached MHADA’s Pune office on May 25 when the deadline for receiving suggestions and objections from the public was over. “Only Mumbai and Nagpur had been earlier granted the 2.5 FSI. After the CM’s announcement, a notice was issued by the urban development department...

A closed-door auction for an apartment in upscale Worli, held at a prominent south Mumbai five-star hotel on Tuesday morning, has created a national record. Flat 203 on the third floor of the luxurious Samudra Mahal building in Worli was sold for Rs 1,07,000 per sq ft. The reserve price was fixed at Rs 75,000 a sq ft. Winning bidder is believed to be a leading corporate honcho. The deal was brokered by Jones Lang Lasalle and the auction had only four bidders. When it was completed in 1970, Samudra Mahal was Mumbai’s most expensive building. Bookings had then commenced around Rs 700 a sq ft. Although the 1,706-sq-ft (built-up) apartment auctioned on Tuesday will fetch its seller, Standard Chartered Bank, more than Rs 18 crore, the transaction is the highest ever in terms of per sq ft rate. In April 2010 , a duplex in Samudra Mahal, Worli, was sold for Rs 36 crore—about Rs 1.03 lakh per sq ft  In August 2009 , an apartment in Maker Tower B, Cuffe Parade, was sold at approx Rs 93,000...

Slum being a State subject, issues of slums including Survey, Compilation of data and preparation of Slum Development Plans etc., fall in  the domain  of State Governments concerned. As per Census of India -2001, the percentage of slum population in Delhi and in Greater Mumbai is 18.7% and 54.1% respectively. Government of Maharashtra has reported that during last two years 14786 number of illegal hutments have been removed. A total of 1,22,625 slum hutments have also been removed from 191 slums under slum rehabilitation scheme implemented by Mumbai Slum Rehabilitation Authority to provide alternate housing to the slum dwellers in Mumbai City and Mumbai suburban district. Out of the 1,22,625 slum dwellers included in 191 SRA Schemes, 41,964 slum dwellers were provided rehabilitation tenements and the remaining 80661 tenements are under progress.