Government's Redevelopment Incentives Fail to Attract Mumbai, Pune Societies
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Real Estate

Government's Redevelopment Incentives Fail to Attract Mumbai, Pune Societies

12 Dec 2023 1 Min Read CW Team
The government's ambitious initiative to encourage self-redevelopment among housing societies in Mumbai and Pune has faced a major setback, with a lack of participation persisting for five months. The program, aimed at empowering societies to undertake their own redevelopment projects, seems to have fallen short of expectations. The reluctance of societies to take advantage of the offered incentives raises questions about the efficacy of the government's strategy.

The government's ambitious initiative to encourage self-redevelopment among housing societies in Mumbai and Pune has faced a major setback, with a lack of participation persisting for five months. The program, aimed at empowering societies to undertake their own redevelopment projects, seems to have fallen short of expectations. The reluctance of societies to take advantage of the offered incentives raises questions about the efficacy of the government's strategy.

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