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Get latest articles and stories on Business at LatestLY. Mumbai (Maharashtra) [India], April 23: CREDAI-MCHI, the apex body of the real estate industry in the Mumbai Metropolitan Region (MMR), successfully organized an event "BuildVerse" focused on promoting understanding and adherence to the Real Estate (Regulation and Development) Act (RERA). The event, held at Sofitel BKC brought together figures and stakeholders from the industry for an evening of knowledge-sharing and insightful discussions. Boman Irani, President, CREDAI and ex-President, CREDAI-MCHI made a significant...

Picture used for representational purpose only MUMBAI: Private landowners and builders are lobbying for Special Development Zone (SDZ) lands in Mumbai—roughly 7,000 acres of open and green space—to be thrown open for construction with more development rights vested in them than envisaged earlier. In 2018, the state government redefined No-Development Zones (NDZ) as SDZ. The new policy, which is still awaiting final cabinet clearance, allows developers more construction rights on such lands if they agreed to build affordable homes on 30% of their plots, retain another 15% for open spaces ...