Bunch of development policy to uplift redevelopment in Mumbai.

Samrat,

23rd January 2015

Real estate News in Mumbai

bmc

fsi

floor space index

mhada

mumbai metropolitan region development authority

mmr

property for sale in mumbai

brihan mumbai municipal corporation

cluster development policy

maharashtra chamber of housing industry

maharashtra housing and development authority

real estate trend in mumbai

Follow Discussion

Also see discussions for

Mumbai Real estate News Real estate News in Mumbai

Replies (7)

Okey.......but still Mumbai Metropolitan Region needs between 1.20-1.25 lacs more residential units in the coming year. This shortage can be partly met if the estimated 19000 dilapidated buildings in Southern and Central Mumbai and 5000 buildings in the suburbs are rebuilt with additional flats.

Sujan Mitra,

25th January 2015

Comment

Well Sujan,
Annexure-2 is the certified list indicating those who are eligible for or entitled to redevelopment benefits. The approvals are not processed until this certification is issued by the eligible authorities. In the past 2 yrs, many of the projects have been organized, as various agencies have been pulling their feet in the matter.

Vivek Varrier, Kochi

24th January 2015

Comment

To pace renovate projects for old buildings and slums which have been delayed for long, the state government has given a deadline to the Brihanmumbai Municipal Corporation, Maharashtra Housing and Development Authority, the collectorate and other agencies, to issue their respective agreement II certificates by March 2, for redevelopment.

Sujan Mitra,

23rd January 2015

Comment

Yes Sujan,
Tenants will be allowed to at least a 300 sq-ft flat. To make the scheme more attractive, the government is offering larger flats if the cluster size is large. According to the incentive, tenants in such clusters would get the benefit of 30% additional space, which means they would each get a 390 sq-ft flat.

Vivek Kulkarni,

23rd January 2015

Comment

Under this policy, the developer will get a floor space index of 4. In case of government or semi-government buildings, the decision would be taken by a committee headed by the chief secretary. However, the shacky and non-livable buildings will not require any permission. Slums and non-dilapidated buildings too can be part of cluster redevelopment projects.

Sujan Mitra,

23rd January 2015

Comment

Hi Sujan,
It is said that this move is aimed at encouraging urban renovation, with new buildings coming up in place of old and shacked ones and the introduction of more open spaces and public amenities in such areas.

Under the cluster development policy, redevelopment will be allowed only for the buildings and structures on a minimum area of 4000 sq-mtr or about one acre. The policy also visualize redevelopment or reconstruction of MHADA or government buildings that are 40-year-old and have been declared as shacky or non-livable buildings.

Vivek Kulkarni,

23rd January 2015

Comment

Maharashtras Chief Minister Devendra Fadnavis has given his signal to the bunch of development policy for the island city. Soon more than 19000 old and shaky buildings in the island city of Mumbai may soon get a new look.

Sujan Mitra,

23rd January 2015

Comment