Chief Minister Vilasrao Deshmukh moved the resolution, which was passed by a voice vote amidst slogan shouting by Shiv Sena members in the House. It was passed after a two-day discussion in a special sitting of the Lower House during the third Assembly session. While the members of BJP remained silent during the reply, those from treasury benches welcomed the resolution by thumping desks.
Quite fed up with the state government's dilly-dally approach in repealing the ULCA in September, while releasing the grant of around Rs 400 crore under the JNURM, the Centre had warned the state government that if it did not repeal the ULCA, funding under the JNURM scheme would be stopped. Subsequently, the state legislature had passed a Bill to repeal the ULCA in the recently concluded winter session of the Assembly.
Land prices in some parts of Mumbai could see a correction of up to 25 per cent, if the new initiatives planned by the Maharashtra government to improve land supply in the city fructify.
Today, people are happily raising 80-85 per cent through home loans, and if they still don't have enough, the rest is raised through a personal loan.
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