Yesterday the GST Council announced a significant rationalization of GST rates, reducing slabs from four to two (5% and 18%), scrapping the 12% and 28% brackets. This reform notably lowers the GST on key construction materials like cement from 28% to 18%, directly reducing overall construction costs by an estimated 5-6%. For developers, this translates […]

In the dynamic landscape of real estate, in the last 8 years, RERA has been a game-changer. As industry professionals, we must recognize the vital role played by the escrow mechanism and compliance under RERA. Escrow accounts provide a secure and transparent channel for safeguarding buyers’ funds and promoting stakeholder trust. This mechanism ensures that […]

Transferable Development Rights (TDR) is a zoning tool that allows landowners to transfer unused development potential from one area to another, often as compensation for preserving land or heritage sites. 🏛️ In metro cities like Mumbai, TDR plays a crucial role in urban development by balancing growth and conservation. 🏗️ With limited land availability, TDR […]

Realizing the full development potential of a land parcel in a metro city involves strategic use of the Floor Space Index (FSI), zoning regulations, and innovative urban planning. Higher FSI allows vertical growth, enabling high-rise residential, commercial, and mixed-use developments that maximize land utility. This shift has transformed urban landscapes, replacing low-density structures with skyscrapers, […]

The RE Project Construction Cost Breakdown – Activity-wise 🏙🏗 The construction cost breakdown for a high-rise real estate project can vary depending on several factors, such as the project scope, location, design, materials, and market conditions. 📝 However, this slideshow presents a generalized breakdown of construction costs activity-wise (cost heads) in percentage terms. Please note […]

The Mumbai Development Control and Promotion Regulations (DCPR) 2034 is a policy framework governing urban planning, land use, and construction regulations in Mumbai.🌳 🏗️ It aims to balance growth with sustainability while addressing infrastructure, housing, and environmental concerns. 🏛️ Let us look at DCPR 2034 through this crisp slideshow to understand what aspects it covers and […]