Such gaming zones and recreational facilities have come up without the necessary approvals from competent authorities, the bench of Justices Biren Vaishnav and Devan Desai observed.
Shankar Prajapati, a 57-year-old potter in Dharavi, has given up hope of getting a bigger house for his family. He lives cheek by jowl in a hutment measuring 200 square (sq.) feet (ft) in the nondescript shanty town. "We have surrendered to our fate. We cannot wait forever for better accommodation. "Perhaps we are not meant to dream big," despairs Prajapati. Raju Korde, president, Dharavi Redevelopment Committee, and a local resident, agrees with Prajapati.
A sharp rise in construction and funding costs will increase costs for builders and prevent a reduction in home prices.
To compensate for the loss of free-of-FSI areas, fungible FSI to the extent of 35 per cent for residential development and 20 per cent for industrial and commercial developments has been allowed with premium.
The Maharashtra government has scrapped its policy to grant additional floor space index (FSI) for public parking in Mumbai city under its Development Control Regulations 33 (24). The government had notified the extra FSI for parking one-and-a-half years earlier following a rise in vehicle population and the need for parking in the city.
There are over 16,000 cessed buildings in the city that are in need of urgent redevelopment.
The government has received flak for allegedly shielding the corrupt ministers and slow pace of investigation in irrigation scam.
Piramals are the largest investors in the Indian real estate sector after HDFC, with investments worth $3 billion already.
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