You are currently viewing New Projects in Pushpak Nagar

New Projects in Pushpak Nagar

New Projects in Pushpak Nagar : As the bottlenecks plaguing the Navi Mumbai region were removed through the efforts of Chief Minister of Maharashtra, CREDAI-MCHI, and Cidco, have already brought in a sea change to the region’s infrastructure. In a recent meeting held at Cidco Bhavan between Dr Sanjay Mukherjee, VC & MD of Cidco, & Raajesh Prajapati, task owner of CREDAI-MCHI, Cidco informed about some major decisions taken w.r.t the relief measures announced earlier. The measures which have been evaluated by the committee will now be implemented, further aiding the meteoric growth of the region’s development process.

The process was initiated back in May 2022, when CREDAI-MCHI, Cidco & GoM made some major relief announcements to the real estate industry of Navi Mumbai as a part of the ‘Navi Mumbai Housing Revival Program’. The implementation has been actioned as the state was undergoing changes in the government earlier. Some of the major changes include an extension of the period of 4 years for construction of all plots taking additional FSI under UDCPR, execution of modified agreement as per UDCPR, and clearance of airport NOC issuance from Cidco. Apart from these, letters have also been issued to MahaRERA to deregister unauthorized projects in the NAINA area, among others. In MMR, real estate continues to provide a good hedge against inflation and such measures continue to further boost the growth of the market in the region.

Sanjay said, “CIDCO as a progressive-minded organization is glad to announce that most of the proposed relief measures under the ‘Navi Mumbai Housing Revival Program’ have been implemented while some are still under process for approval by the state government. These measures will surely give a fillip to the real estate industry in Navi Mumbai. CIDCO has been at the forefront in acting as a catalyst for bringing an optimistic change in Navi Mumbai’s business environment.”

Boman Irani, president, CREDAI-MCHI, stated, “MMR has witnessed a spurt in sales this year, surpassing the sales made last year. Navi Mumbai is a grousing city, and we are happy that as an association we could highlight the issues of the real estate industry and get them resolved with the help of Cidco.”

Prajapati said, “The real estate industry in Navi Mumbai was under tremendous stress due to several challenges. We are thankful to Hon. Chief Minister Shri Eknath Shinde Ji for addressing the issues thoughtfully and in the right spirit. These relief measures will go a long way in the revival of the real estate industry which has already seen an upswing in Navi Mumbai and is helping thousands of home buyers get their flats. We request the GoM to quickly act on the proposals submitted by Cidco so that new areas like Dronagiri, Pushpak Nagar, etc can benefit from these measures.”

Leave a Reply