Latest news with #HousingforAll
The Journal
7 hours ago
- Business
- The Journal
Land at Leopardstown Racecourse to be developed for 800 homes after transfer to LDA
AN AGREEMENT HAS been reached to transfer the ownership of land at Leopardstown Racecourse from Horse Racing Ireland to the Land Development Agency, which both bodies said could be the site of 800 new homes. The Land Development Agency (LDA) will take control of roughly 17 acres from Horse Racing Ireland (HRI), while design and planning for the new housing development will begin immediately, the two state bodies said in a joint statement today. 'Subject to planning, the LDA land will be used to deliver new, A-rated homes, which will be located next to the existing, but currently unused Leopardstown Luas stop,' the statement said. Leopardstown Racecourse has a Luas stop on the Green Line but it has been inactive since it opened in 2010 due to a lack of infrastructure. The LDA and HRI said they would work collaboratively and in consultation with Dún Laoghaire-Rathdown County Council on a new 'masterplan' for Leopardstown, which they said will deliver 'much-needed affordable housing and protect and further develop the leading racecourse and its extensive racing and non-racing facilities'. Advertisement The land was first identified as having the potential for housing in the Housing for All plan, which was first published in 2021. Taoiseach, Micheál Martin said he was 'delighted' by the agreement. 'Solving the housing challenge requires collaboration across our society, from government to a range of private and public bodies,' Martin said, adding that he was looking forward to seeing similar developments in the future. Housing Minister James Browne said the LDA 'has the resources it needs to deliver housing at scale and has proven that it can do so quickly to a very high standard'. 'The LDA already has a strong pipeline of development land, but it's crucial that it is able to access more, especially State-owned land like this with the potential to deliver a high number of homes in a well located and well-serviced area.' Browne also encouraged other bodies to follow HRI's lead by reviewing their land holdings and discussing possible transfers with the LDA 'as a matter of urgency.' Readers like you are keeping these stories free for everyone... A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation. Learn More Support The Journal
RTÉ News
9 hours ago
- Business
- RTÉ News
HRI and LDA to develop Leopardstown campus, 800 new homes
The Land Development Agency (LDA) and Horse Racing Ireland (HRI) have reached an agreement on the transfer of land with the potential to deliver 800 homes at Leopardstown Racecourse in south Dublin Both parties have reached an agreement that will see HRI transfer ownership of c.17 acres of land to the LDA. The new development will be served by the activation of a new Luas station located on the site. The two state bodies will work collaboratively and in consultation with Dún Laoghaire-Rathdown County Council on a new masterplan for Leopardstown, which will deliver much-needed affordable housing and protect and further develop the leading racecourse and its extensive racing and non-racing facilities. The land transfer follows positive engagement between the LDA and HRI to ensure the best outcome for both parties. Design and planning work on the site-wide masterplan and proposed housing development will commence immediately. Subject to planning, the LDA land will be used to deliver new, A-rated homes, which will be located next to the existing, but currently unused Leopardstown Luas stop. The area surrounding Leopardstown Racecourse is well located next to the M50 and the Green Luas line. It also benefits from a range of services and amenities. Land at HRI's campus in Leopardstown was first identified as having the potential for housing in the Government's Housing for All plan. Minister for Housing, Local Government and Heritage, James Browne TD commended the LDA and HRI for reaching the agreement. "The LDA has the resources it needs to deliver housing at scale and has proven that it can do so quickly to a very high standard. The LDA already has a strong pipeline of development land, but it's crucial that it is able to access more, especially State-owned land like this with the potential to deliver a high number of homes in a well located and well-serviced area," said Minister Brown. "This decision by HRI will have a lasting impact and it can be proud of the significant contribution it has made to help address the country's urgent housing need." The site that can accomodate 800 new homes pending planning approve is described by LDI CEO John Coleman as a development in an area of great housing need in Dublin. "This transfer of State-owned land to the LDA is a leading example of what can be achieved when state bodies are open to making the best use of land they own and work with the LDA to facilitate the delivery of much-need affordable homes while safeguarding their own existing and future needs," said Mr Coleman "The LDA is now under construction on 16 sites for over 5,000 homes across the country and we will be adding further new construction starts in the coming months," he said. Suzanne Eade, CEO of Horse Racing Ireland said: "For an industry that contributes in excess of €2.46bn to the Irish economy annually, the agreement safeguards our plans to further develop the Leopardstown Racecourse campus and to improve what is already a proven world-class horse racing facility, while fostering a sustainable mixed-use neighbourhood benefiting the greater Dublin area.
Time of India
a day ago
- Business
- Time of India
Mumbai: Kurla dairy land will be used for ineligible Dharavi residents' rehabilitation
MUMBAI : Around 85,000 slum households ineligible for free housing will be rehabilitated in rental housing outside Dharavi . On Tuesday, the state cabinet formally approved the transfer of 21.25 acres of Kurla dairy land to the Dharavi Redevelopment Project . In a press release, the govt said 8.5 lakh people are to be rehabilitated under the project, of whom five lakh will be rehabilitated in Dharavi and 3.5 lakh outside the Dharavi Notified Area (DNA). In a presentation of the master plan to chief minister Devendra Fadnavis last week, it was mentioned that 4.85 lakh people will be rehabilitated in Dharavi Notified Area. This includes 2.92 lakh eligible slum dwellers, 1.06 lakh sale component population, 51,025 residing in properties excluded from redevelopment, 15,000 residing in private properties, 3,711 in railway quarters, and 16,425 is the anticipated population growth during the period of redevelopment. During the presentation before the CM, it was pointed out that the state revenue dept, which owns the Kurla dairy land, needs to grant permission to sub-lease the land to the housing societies. Without the sub-lease clause in place, the implementation of the project on the plot cannot be undertaken. Sources said the cabinet approved the sub-lease, which will place the land in the Occupancy Class II category. "After five years of the construction of the residential buildings, the housing societies will be given the option of converting the leasehold land to freehold," said sources. The Navbharat Mega Developers Pvt Ltd (NMDPL), the special purpose vehicle (SPV) set up by the state govt in a joint venture with the developer Adani Realty to implement the redevelopment project, has already paid Rs 58 crore for the Kurla dairy land, which is 25% of the Ready Reckoner Rate for the plot. The SPV is already in physical possession of the plot. "Today's decision will pave the way for the rehabilitation of ineligible citizens of Dharavi. This decision is very important in pursuing the Housing for All policy as it will facilitate the construction of not only houses but also other civic amenities like schools, hospitals, shopping complexes...," stated the press release. The redevelopment on the Kurla dairy land and other plots outside Dharavi will be carried out under Regulation 33(10) of DCPR 2034. The floor space index allowed is a sum of rehab plus sale component in equal proportion and can exceed 4 without any limit. Besides, permission for simultaneous construction of the sale component can be granted in equal proportion to the rehab component. Mumbai: Around 85,000 slum households ineligible for free housing will be rehabilitated in rental housing outside Dharavi. On Tuesday, the state cabinet formally approved the transfer of 21.25 acres of Kurla dairy land to the Dharavi Redevelopment Project. In a press release, the govt said 8.5 lakh people are to be rehabilitated under the project, of whom five lakh will be rehabilitated in Dharavi and 3.5 lakh outside the Dharavi Notified Area (DNA). In a presentation of the master plan to chief minister Devendra Fadnavis last week, it was mentioned that 4.85 lakh people will be rehabilitated in Dharavi Notified Area. This includes 2.92 lakh eligible slum dwellers, 1.06 lakh sale component population, 51,025 residing in properties excluded from redevelopment, 15,000 residing in private properties, 3,711 in railway quarters, and 16,425 is the anticipated population growth during the period of redevelopment. During the presentation before the CM, it was pointed out that the state revenue dept, which owns the Kurla dairy land, needs to grant permission to sub-lease the land to the housing societies. Without the sub-lease clause in place, the implementation of the project on the plot cannot be undertaken. Sources said the cabinet approved the sub-lease, which will place the land in the Occupancy Class II category. "After five years of the construction of the residential buildings, the housing societies will be given the option of converting the leasehold land to freehold," said sources. The Navbharat Mega Developers Pvt Ltd (NMDPL), the special purpose vehicle (SPV) set up by the state govt in a joint venture with the developer Adani Realty to implement the redevelopment project, has already paid Rs 58 crore for the Kurla dairy land, which is 25% of the Ready Reckoner Rate for the plot. The SPV is already in physical possession of the plot. "Today's decision will pave the way for the rehabilitation of ineligible citizens of Dharavi. This decision is very important in pursuing the Housing for All policy as it will facilitate the construction of not only houses but also other civic amenities like schools, hospitals, shopping complexes...," stated the press release. The redevelopment on the Kurla dairy land and other plots outside Dharavi will be carried out under Regulation 33(10) of DCPR 2034. The floor space index allowed is a sum of rehab plus sale component in equal proportion and can exceed 4 without any limit. Besides, permission for simultaneous construction of the sale component can be granted in equal proportion to the rehab component.
Time of India
2 days ago
- Business
- Time of India
Kurla dairy land will be used for ineligible Dharavi residents' rehab
Mumbai: Around 85,000 slum households ineligible for free housing will be rehabilitated in rental housing outside Dharavi. On Tuesday, the state cabinet formally approved the transfer of 21.25 acres of Kurla dairy land to the Dharavi Redevelopment Project. In a press release, the govt said 8.5 lakh people are to be rehabilitated under the project, of whom five lakh will be rehabilitated in Dharavi and 3.5 lakh outside the Dharavi Notified Area (DNA). In a presentation of the master plan to chief minister Devendra Fadnavis last week, it was mentioned that 4.85 lakh people will be rehabilitated in Dharavi Notified Area. This includes 2.92 lakh eligible slum dwellers, 1.06 lakh sale component population, 51,025 residing in properties excluded from redevelopment, 15,000 residing in private properties, 3,711 in railway quarters, and 16,425 is the anticipated population growth during the period of redevelopment. During the presentation before the CM, it was pointed out that the state revenue dept, which owns the Kurla dairy land, needs to grant permission to sub-lease the land to the housing societies. Without the sub-lease clause in place, the implementation of the project on the plot cannot be undertaken. Sources said the cabinet approved the sub-lease, which will place the land in the Occupancy Class II category. "After five years of the construction of the residential buildings, the housing societies will be given the option of converting the leasehold land to freehold," said sources. The Navbharat Mega Developers Pvt Ltd (NMDPL), the special purpose vehicle (SPV) set up by the state govt in a joint venture with the developer Adani Realty to implement the redevelopment project, has already paid Rs 58 crore for the Kurla dairy land, which is 25% of the Ready Reckoner Rate for the plot. The SPV is already in physical possession of the plot. "Today's decision will pave the way for the rehabilitation of ineligible citizens of Dharavi. This decision is very important in pursuing the Housing for All policy as it will facilitate the construction of not only houses but also other civic amenities like schools, hospitals, shopping complexes...," stated the press release. The redevelopment on the Kurla dairy land and other plots outside Dharavi will be carried out under Regulation 33(10) of DCPR 2034. The floor space index allowed is a sum of rehab plus sale component in equal proportion and can exceed 4 without any limit. Besides, permission for simultaneous construction of the sale component can be granted in equal proportion to the rehab component.
Time of India
2 days ago
- Business
- Time of India
Addl 13L homes for state under PM scheme
Mumbai: The Centre on Tuesday sanctioned an additional 10.3 lakh homes to be constructed under the - Gramin (PMAY-G) for the financial year 2025-26. The Housing for All scheme, launched in April 2016, is a flagship programme of the Modi govt and has been extended up to March 2029. Tired of too many ads? go ad free now A fresh objective of constructing two crore additional homes is now set. Under this scheme, the govt provides financial assistance to eligible rural households for the construction of a pucca house with basic the additional quota, the total number of houses approved for Maharashtra now stands at 44.7
