Real Estate Developers rushing to get approval for projects in CRZ
They are approaching the Bombay High court to get their individual projects for high-rises along the coastline approved
Jan 06, 2015
Source : Indiainfoline
Bombay High Court

 

Mumbai: Real Estate developers are approaching the Bombay High court to get their individual projects for high-rises along the coastline approved, according to reports.
 
Report said that for areas coming under the definition of “bay”, a 2011 Coastal Regulations Zone (CRZ) notification had reduced the restricted buffer zone to 100 metres from the high tide line from the earlier 500 metres.
 
In November 19, 2014, the Supreme court dismissed a petition by the Maharashtra Coastal Zone Management Authority (MCZMA) challenging the High Court order that upheld the redefinition of Mahim shore as a bay.
 
Hubtown limited has got their other sea-facing project in Gamdevi cleared by the Bombay High Court, report says. The company will be allowed to use a higher FSI for their project instead of conforming to the earlier FSI cap of 1.33.
 
According to reports, other realty majors such as DB Realty group, also approached the High Court and got a similar favourable order for two of its premium projects.

 

Real Estate developers are approaching the Bombay High court to get their individual projects for high-rises along the coastline approved, according to reports.
 
Report said that for areas coming under the definition of “bay”, a 2011 Coastal Regulations Zone (CRZ) notification had reduced the restricted buffer zone to 100 metres from the high tide line from the earlier 500 metres.
 
In November 19, 2014, the Supreme court dismissed a petition by the Maharashtra Coastal Zone Management Authority (MCZMA) challenging the High Court order that upheld the redefinition of Mahim shore as a bay.
 
Hubtown limited has got their other sea-facing project in Gamdevi cleared by the Bombay High Court, report says. The company will be allowed to use a higher FSI for their project instead of conforming to the earlier FSI cap of 1.33.
 
According to reports, other realty majors such as DB Realty group, also approached the High Court and got a similar favourable order for two of its premium projects. - See more at: http://www.indiainfoline.com/article/news-top-story/real-estate-developers-rushing-to-get-approval-for-projects-in-crz-115010500124_1.html#sthash.Wt04WVqM.dpuf

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