Meanwhile, Yuva also said that the BMC had failed to chalk out a plan for communication and management between stakeholders responsible for creating these affordable houses, including Mhada, SRA and BMC.”. Meanwhile, many provisions in the SRA houses, such as an optional kitchen or artificial light and ventilation seem to be small compromises in exchange for houses in the city, but may prove problematic in the long run for occupants.Experts have called the affordable housing scheme under the Draft Development Plan 2034 published by BMC last month a “ploy” to create provisions for acquisition of major chunks of land in Mumbai.City-based NGOs — Youth for Unity and Voluntary Action (YUVA) and Hamara Shehar Vikas Niyojan Abhiyaan Mumbai (HSM) — claimed that the number of affordable houses that BMC hopes to create through the DP seems achievable after an analysis of Mhada and SRA constructions’ track record.

At an interactive session conducted by HSM, a group of NGOs held public consultation with experts in the fields of urban development, housing, slum development and rehabilitation as also members from the Tata Institute of Social Sciences. Even though on the one hand, wholesale steel suppliers the DP talks about a cafeteria-like approach to redevelopment, where citizens get to choose from an array of options, the DCR has very stringent punishments for citizens who do not settle for compensatory transit camps.Arvind Unni from Yuva said, “In the course of analysing the DP, we came across several problematic contradictions in DP and Development Control Regulations.

The bank is taking further steps to enhance the capital at the earliest, it said.The bank said consequent upon the completion of the preferential allotment of 1.Shares of Lakshmi Vilas Bank ended at Rs 38.”We refer to our earlier announcement of a planned amalgamation with IHFL and Indiabulls Commercial Credit Ltd.16 crore to Indiabulls Housing Finance Ltd, the banks tier I Capital and Capital Adequacy Ratio was strengthened by 110 basis points.

On the recovery of bad loans, the bank said efforts to recover them have gained momentum and over the last four quarters the bank had recovered Rs 783 crore bad loans.Chennai: Private sector Lakshmi Vilas Bank (LVB) on Thursday said it was working in close cooperation with the Indiabulls Housing Finance Ltd (IHFL)to ensure regulatory approvals were received at the earliest. We have to say that the bank is working in close cooperation with IHFL to ensure that all regulatory approvals are received at the earliest”, the bank said in a regulatory filing on Thursday.56 per cent while the total CAR (capital adequacy ratio) to 7.Early this year, Lakshmi Vilas Bank had announced its merger with Indiabulls Housing Finance Ltd in a share-swap deal with an intent to create a custom special bolts for sale combined entity with larger capital base and wider geographical reach.88 per cent over previous close on BSE.