DCPR 2034 Unleashing Mumbai's Economic Potential
Real estate plays a crucial role in Mumbai’s economy and the government has been making concerted efforts to ensure that the sector functions efficiently and in a transparent manner in the city. With the launch of the Revised Draft Development Plan (RDDP) 2034 in May 2018, the state government laid down its vision for the city’s growth over the next two decades. Suggestions were taken from various stakeholders, including the public, while formulating the plan. The Development Control and Promotional Regulations (DCPR) 2034, which came into effect in September 2018, is based on the provisions of the RDDP.
Insights • Investment
Anshul Jain, Managing Director, India and South East Asia, says return-to-office plans will be on hold for some time, with vaccination determining the timeline.Anshul Jain • 18/05/2021
Insights • Office
As the office market recovers from the second wave, enterprise demand is expected to grow steadily with companies preferring capex-light business solutions and moving away from traditional office spaces in the short term.Badal Yagnik • 17/05/2021