CIDCO proposes for building redevelopment

Q: Hey did you hear that CIDCO has proposed for building redevelopment for areas in Navi Mumbai.

Rakshit, Mumbai

20th February 2014

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Replies (3)

In a essential advancement this specific selection 12 months, Cidco possesses mapped out and about the importance intended for approving floor area listing (FSI) of 3 intended for redevelopment of previous in addition to dilapidated buildings it's got formulated throughout its own plus the Navi Mumbai City and county Firm spot.

Maya Roa, Apartment Resident, Chandigarh

28th February 2014

Comment

Hi,
Looks like it will take some time to implement the same. The proposal was under discussion with principal secretary, urban development, NMMC, and other nodal government bodies for the last two months. If the board passes the resolution, then it will be forwarded to the state government as it would require change in the development control rules."

Sankalp, Mumbai

20th February 2014

Comment

Hi Sankalp,
In fact I want to add that the grant of enhanced FSI had earlier been proposed only for Cidco areas from Kharghar onwards where it is the planning and development authority. But, it now wants to include old structures it had developed in the NMMC area also.

Shantanu Kumar, Mumbai

20th February 2014

Hey Rakshit,
It seems that Cidco has mapped out the need for granting floor space index (FSI) of 3 for redevelopment of old and dilapidated buildings it has developed in its own and the Navi Mumbai Municipal Corporation area.

Bikram, Mumbai

20th February 2014

Comment

Hi Bikram,
Also I heard that it has also proposed that it would not charge any lease premium for redevelopment projects as the increased FSI would enable it to apportion its own share from the developed properties. The current proposal includes buildings that are more than 30 years old.

Lalit Verma, Mumbai

20th February 2014