Industrial plots in Mumbai region opened for commercial and residential development

Industrial plots in Mumbai region opened for commercial and residential development
24/08/2018 , by , in News/Views

The state urban development department has opened large tracts of industrial land in the Mumbai Metropolitan Region(except Mumbai) for residential and commercial development.

The decision will permit unused industrial areas or closed industries in satellite townships to be used for malls, residential areas and commercial houses with the approval of the civic commissioner.

The developer will be charged a premium equivalent to the ready reckoner rate of the plot.

A notification was issued by state’s urban development department (UDD) for corporations of Thane, Kalyan-Dombivali, Ulhasnagar, Bhiwandi and Mira-Bhayandar as they have common Development Control Regulation rules – norms for construction and urban planning in an area. A separate notification was issued for Navi Mumbai.

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