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Coastal Regulation Zone may not need slum development by builders

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Source available with www.propertykhazana.com say that private builders should be out of the purview of slums development in the costal regulation Zone (CRZ) and that slums/housing financed by government should undertake the initiative which is meant for low income groups.
A report on the same was submitted by Prof. M.S. Swaminathan to Mr. Jairam Ramesh, the union environment Minister. The report also states that public funds must be considered for execution of this project without any hindrance to environmental safety.
Source available at www.propertykhazana.com say that nearly 3000 decaying houses and nearly 70 slums exist from Versova to cuffe Parade which are categorized under CRZ. The fishermen were of the opinion that there was no relief from revival of the scheme, with particular reference to Mumbai and as such a requisition was made curtail all the redevelopment of slums and further insisting that project execution where ownership could be acquired could be given a green signal.
The city realtors in turn wanted larger floor space index to modify the project which comes under CRZ more feasible. Their view is that more houses are to be built in the available space so as to sell them and regain their original cost. For more and latest real estate updates browse www.propertykhazana.com.
Source: NBTVLIVE

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