Residents in some of Mumbai's state-built housing complexes have agreed to solicit bids for redevelopment of the nearly half-century old housing, called Middle Income Group residential colonies. Residents and the building community alike are excited about the redevelopment.
"'It's a pot of gold, both for builders as well as the residents. Builders gain by exploiting additional construction rights in the form of the floor space index (FSI) they get to redevelop these properties. As for the residents, they are expecting new, larger apartments as well as a generous corpus running into several crores for the societies to be contributed by the builder who bags the projects,' said a real estate expert. "
"The MIG redevelopment plan is the latest in a series of such projects which are transforming old neighbourhoods in the metropolis."
"The demand for more housing stock combined with soaring real estate prices has given momentum to the process of regenerating land where decades-old commercial and residential properties now stand."
FULL STORY: Residents, realtors hit MIG jackpot
Pennsylvania Mall Conversion Bill Passes House
If passed, the bill would promote the adaptive reuse of defunct commercial buildings.
World's Largest Wildlife Overpass In the Works in Los Angeles County
Caltrans will soon close half of the 101 Freeway in order to continue construction of the Wallis Annenberg Wildlife Crossing near Agoura Hills in Los Angeles County.
U.S. Supreme Court: California's Impact Fees May Violate Takings Clause
A California property owner took El Dorado County to state court after paying a traffic impact fee he felt was exorbitant. He lost in trial court, appellate court, and the California Supreme Court denied review. Then the U.S. Supreme Court acted.
California Grid Runs on 100% Renewable Energy for Over 9 Hours
The state’s energy grid was entirely powered by clean energy for some portion of the day on 37 out of the last 45 days.
New Forecasting Tool Aims to Reduce Heat-Related Deaths
Two federal agencies launched a new, easy-to-use, color-coded heat warning system that combines meteorological and medical risk factors.
AI Traffic Management Comes to Dallas-Fort Worth
Several Texas cities are using an AI-powered platform called NoTraffic to help manage traffic signals to increase safety and improve traffic flow.
City of Costa Mesa
Licking County
Barrett Planning Group LLC
HUD's Office of Policy Development and Research
Mpact Transit + Community
HUD's Office of Policy Development and Research
Tufts University, Department of Urban and Environmental Policy & Planning
City of Universal City TX
ULI Northwest Arkansas
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Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
