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Uttar Pradesh to utilise vacant society space under its redevelopment policy

Summary: Apartment owners in Lucknow and other UP cities can now redevelop housing societies, unlocking prime urban space. A new state policy allows for bigger, better apartments if two-thirds of owners agree on layouts over 1,500 sqmt. Developers gain...
Uttar Pradesh to utilise vacant society space under its redevelopment policy
Apartment owners in Lucknow and other UP cities can now redevelop housing societies, unlocking prime urban space. A new state policy allows for bigger, better apartments if two-thirds of owners agree on layouts over 1,500 sqmt. Developers gain incentives like development charge rebates and extra FAR, making redevelopment attractive.
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Original Source: Economic Times Real Estate
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