Civic Authority BMC Approves 78 Skyscraper development Projects in Mumbai
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MUMBAI: Civic authority Brihanmumbai Municipal Corporation and its high-rise committee have approved development proposals for 78 skyscrapers over 70 meters of height across town. Of those approved proposals, around 38 are new proposals whereas 40 were pending with the sooner committee.
These approvals are being cleared currently within the backdrop of just about quite a year and a 0.5 passing by with none a major approval for realty comes within the town.
Maharashtra Chamber of Housing trade (MCHI) has welcomes the civic authority and its high-rise committee's call to approve these development proposals. With approvals gaining momentum, developers are currently talking concerning passing on advantages of lower interest and financing value to customers.
"We hope environmental committee conjointly offers approvals in time of at intervals four months. With faster and timely approvals developers will save interest value and expire this profit to customers," said Paras Gundecha President of Maharashtra Chamber of Housing trade.
However, the developers' body is disappointed the committee failed to notice favour with the former's proposal of building high-rises on smaller plots. It believes town has already exhausted its horizontal limits. In such a situation, building high-rises in all the plots huge and little is that the solely possibility.
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