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New GR to Convert Land From Green Zone to Yellow Residential Zone

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New GR to Convert Land From Green Zone to Yellow Residential Zone

Last updated: March 13 2018
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  • New GR to Convert Land From Green Zone to Yellow Residential Zone

    Is anybody aware that the new Maharashtra government has passed a GR making it easy to convert green zone land to yellow(residential) zone? and this will make all real estate rates fall by half.
    Last edited August 7 2015, 11:42 PM. Reason: Bold text
  • #2

    #2

    Re : New GR to Convert Land From Green Zone to Yellow Residential Zone

    Yes. The process already started as per some recent news…But prices fall by half is very optimistic but surely we can expect some correction may be at least 20% further in a year as land availability for development will be more in suburbs..

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    • #3

      #3

      Re : New GR to Convert Land From Green Zone to Yellow Residential Zone

      With this GR, and now 150% TDR loading being allowed and paid FSI, very soon FSI slated to increase to 2.0 the Builders are already PANICKING, Pune to go Hyderabad way and grow vertically and not horizontally, current Govt. policies are going to be pro public as versus NCP's pro Builder. The rates will half in three years anybody wanna bet?

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      • #4

        #4

        Re : New GR to Convert Land From Green Zone to Yellow Residential Zone

        Builder may not panic as more land availability and FSI increase benefits them also keeping check in input cost and profit margin intact,
        One also need to note that without basic infrastructure to match construction and concrete jungle without greenery ultimately all consumer (people) will suffer.
        So its a two-edged sword.

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        • #5

          #5

          Re : New GR to Convert Land From Green Zone to Yellow Residential Zone

          Why should the builders panic ? infact now they will be happy as they can declare additional construction due to increased FSI !. The ones who will be affected are those who sell plotting schemes as competition with newer players who start acquiring land now will increase !.

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          • #6

            #6

            Re : New GR to Convert Land From Green Zone to Yellow Residential Zone

            Government should increase FSI and save green spaces. Build higher on the land you are building and leave more green space, What is the use of not allowing high rise and forcing people to cut more and more green areas and build small buildings.
            The whole model is bad.

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            • #7

              #7

              Re : New GR to Convert Land From Green Zone to Yellow Residential Zone

              Originally posted by kingmanish View Post
              Government should increase FSI and save green spaces. Build higher on the land you are building and leave more green space, What is the use of not allowing high rise and forcing people to cut more and more green areas and build small buildings.
              The whole model is bad.
              Very true! The conversion of green spaces into yellow or whatever they mean on paper sounds too illusive. The point is that in a way the government is keen on axing down the little bit of greenery that still withstands the blows of the builders lobby.
              building vertical would be more advisable. It is simply a way to steal away the greens and turn them yellow while the naive buyers rejoice in the illusion of the prices being brought down.
              P.S. They will find ways to hike the prices too!

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              • #8

                #8

                Re : New GR to Convert Land From Green Zone to Yellow Residential Zone

                Can anyone give original GR?

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                • sawanchandak
                  sawanchandak commented
                  Editing a comment
                  Zone changing is for land more than 25 acres approx . The land must be accessed accessed by 30' road.
                  What is your requirement
                  Last edited April 26 2018, 11:45 PM.
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