State CM promised to MCHI to improve housing sector

MUMBAI: Maharashtra Chamber of Housing Industry (MCHI) representative body of builders & developers operating in the state of Maharashtra recently met to the state CM Prithviraj Chavan, in the meeting he has promised that he would take some robust action for improvement of housing sector.
This delegation has been spearheaded by the MCHI’s President Sunil Mantri, in an appearance to Chavan had said that “upcoming schemes at providing houses were being delayed because of several other reasons.”
MCHI also have raised several questions to the CM such as High-rise Committee which has approved plans for taller buildings has creating troubles for themselves as there are approx 300 files are pending from last one and half year. In the same way there is chokepoint in MHADA Rental Affordable Housing Scheme too. Delegation also pointed out that in 2007 state had close down the ULC ACT (Urban Land Ceiling).
While discussing to delegation CM referred to FSI and transferable development rights TDR, and described these as “Virtual land”, he added that this is the only wealth Mumbai Metropolitan Region has.
The MCHI adding to that said MMR is likely to raise housing industry by five times to Rs. 2,50,000Cr in three years time frame. Whereas Government’s income is expected to increase in three years from Rs 7,500-crore at present to Rs 25,000-crore in the form of stamp duty.

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