3 days ago
Hubtown receives Transferable Development Rights from MIDC and MCGM for Andheri project
Hubtown Limited has received Transferable Development Rights (TDR) totaling 11,000 square meters. The rights have been granted by the Maharashtra Industrial Development Corporation (MIDC) and the Municipal Corporation of Greater Mumbai (MCGM) as part of the consideration for an ongoing slum rehabilitation project in Andheri (East), Mumbai.
The TDR acquisition marks a key development in the project's progression, facilitating future construction opportunities either on the same project or on other eligible land parcels under applicable regulations.
About Hubtown Limited
Founded in 1989, Hubtown Limited is a publicly listed real estate development company in India. The company's project portfolio includes residential buildings, office spaces, and IT parks across various regions. Hubtown has been involved in both private and public sector projects, with a focus on urban development and infrastructure.
The company continues to participate in initiatives such as slum rehabilitation and urban redevelopment, in alignment with government policies and urban planning guidelines.
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