Cessed property in Charni Road

Q: We have a cessed property in charni road, it is a 3 storey apartment with 89.47 sq.mts of space we want to sell it, but before that we want some information so we may get the correct price of the property my doubts are: 1.Does FSI benefits owner of the apartment in any way? 2.If it does, what benefits does the owner enjoy from FSI in the outright of the property? please help us with these details we will be waiting for the reply Thank you

CF User,

24th January 2014

Legal in Charni Road, Mumbai

cessed property

property in charni road

fsi benefits

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Replies (14)

Hi Ravi,
We are staying in a B.I.T chawl building which is a BMC property. This has been now taken over by a private builder & we have also given him consent. We are still in occupation of the rooms. Will we also benefit from the 35% fungible FSI? If yes then is there a MHADA circular which we can refer to as proof? My email id is s_suhail20@yahoo.co.in it will be very helpful if you can send me an email.

Suhail Shaikh , Apartment Resident

12th May 2014

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Thanx once again Ravi, i got all my answer. Its nice conversation with you. Have a great day ahead.

Ravi Waghmare, Mumbai

24th January 2014

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well! Ravi, In redevelopment, members get Benefits in terms of money as well as additional area. The repair work only increases life of the building by 3 to 4 years but the problems can re-occur and members have to spend money again for repair works. In case of redevelopment, it gives a new building for which no major repairs required for longer period. Redevelopment is recommended for building which older than 15-20 years.

Ramesk Polekar, Mumbai

24th January 2014

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Thanx Ramesh one more que. Is there any other benefits for the property ownersapart from 35% additional area?

Ravi Waghmare, Mumbai

24th January 2014

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For the redevelopment of old cessed buildings, the government of Maharashtra has already approved a FSI of 3 as against the earlier 2.5 over the existing plot area of the property and for those buildings where incentives are allowed for redevelopment. If that FSI is higher than 3 as against the earlier2.5, the higher FSI would be applicable.

Ramesk Polekar, Mumbai

24th January 2014

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What is the current FSI for old cessed buildings in Maharashtra?

Ravi Waghmare, Mumbai

24th January 2014

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As per the improved development Control Rules, the property owners will also be able to get further additional area upto 35% as Fungible FSI applicable to all sizes of flats i.e. On minimum of carpet area upto 105 sq.ft. Aggregating a minimum of 405 sq.ft. Carpet Area and an additional area upto264 sq.ft. Aggregating a maximum of 1017 sq.ft. Carpet Area in liew of their tenements after redevelopment.
For that one will get a normal benefit from the existing property if you go together with your neighbor for redeveloping. Combined the property with neighbor and start redevelopment will be a profitable decision otherwise owner can utilise the FSI and redevelop the property once you sell the property all rights,interest is transferred to new owner. You will get no benefit except a new construct property or the amount of your existing property if you are buying in some other location.

Ramesk Polekar, Mumbai

24th January 2014

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Is there any benefit for the property owners in any way?If it does, what benefits does the owner enjoy from FSI in the outright of the property?

Ravi Waghmare, Mumbai

24th January 2014

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Residential as well as Commercial properties are permitted only a premisable FSI. Going above which will have charges and strict action from the Development Authority Of the Mumbai.

Ramesk Polekar, Mumbai

24th January 2014

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Is there any penalties for those who will go above the rules?

Ravi Waghmare, Mumbai

24th January 2014

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The government of Maharashtra had amended the development Control Rules to make it possible for the property owners to get minimum 300 sq. ft.and maximum 753.50 sq.ft. Carpet Area flats post-redevelopment. This indicates a resident member usually is permitted to get a minimum of 300 sq.ft.the current carpet area and if the existing carpet area occupied is more than 753 sq.ft Carpet Area, the tenant is permitted to get maximum of 753 sq. ft.carpet only.

Ramesk Polekar, Mumbai

24th January 2014

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What are the maximum & minimum carpet area fixed by the Development control rules?

Ravi Waghmare, Mumbai

24th January 2014

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Because of release of FSI and several amendments to the sec 33 (7) of Development Control Rules, 1991, the lots of growing family living in old and decayed rented building and comes under cessed building group in Mumbai and who are planning for redevelopment will now have their houses with extra carpet area.

Ramesk Polekar, Mumbai

24th January 2014

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