All satellite towns within the MMR limits should be reserved as smart city aspirants

Q: Have you heard the latest news on MMR? In its draft housing policy, the Maharashtra government has suggested that all satellite towns within the Mumbai Metropolitan Region limits should be reserved as smart city aspirants.

Ananya,

22nd May 2015

Real estate News in Mumbai

affordable housing

mmrda

fsi

mhada

integrated township

satellite city

mcgm

mmr

maharashtra government

mumbai metropolitan region

smart city project in mumbai

municipal corporations of thane

mira-bhayander

kalyan-dombivli

vasai-virar

smart city centre scheme

fsi of 4

regional planning authority of mmr

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Replies (3)

He gyus,
I heard that this FSI of 4 shall be divided into two portions, 75% of the built-up area shall be permitted for construction of housing or commercial etc by the developer. The rest of the 25% of the built-up area shall be used for construction of affordable housing. Am i right?

Supratim,

22nd May 2015

Comment

@Supratim,
The policy clearly demarcates that the area for affordable housing will be constructed in individual buildings either at one location within the layout or at separate locations.

It is also mentioned that half of the affordable stock created shall be handed over to MHADA free of cost to allow it to further sell this by way of open lottery/transparent allotment, while the other half will be available to the developer for sale.

Veena K,

22nd May 2015

It is also came to know that the proposed smart cities proposal in the policy falls short of features of a model smart city, and it looks more like a real estate development.

Supratim,

22nd May 2015

I appreciate your thoughts Supra,
Affordable housing and integrated development is fine, but other features of SMART CITY like smart transportation, IT infrastructure, waste management etc. do not seem to have been described clearly.

Veena K,

22nd May 2015

Thanks Rituraj,
What are the basic criteria set by the state government for both smart cities as well as for developer?

Surinder,

22nd May 2015

Comment

Good question!!!!
Any project involving 100 acres of land and located in close proximity to a transportation hub would qualify for incentives under the smart city centre scheme and similarly, a developer having 100 acres of developable residential or commercial zone within MMR limits would be eligible to form a joint venture with MHADA for the development of the land.

Rituraj,

22nd May 2015

Well Rituraj,
You mean any developer who is developing 100 acres of commercial or residential zone within MMR limits will have to form a joint venture with MHADA. Who will provide them all the legal approvals and what will be the FSI on gross plot area?

Surinder,

22nd May 2015

As per the Maharashtra Government, in the joint venture, MHADA will be the facilitator and special planning authority will provide clearance to the project under single window clearance scheme. After its approval, necessary intimation will be sent to the regional planning authority or the municipal corporation as the case maybe.

For such a project the developer will be entitled an FSI of 4 on gross plot area including roads and reservations.

Rituraj,

22nd May 2015

Hi Ananya,
I would like to ask you that they are only planning on the paper or some initiatives will be taken soon. Which are the localities of MMR coming under the smart city plan?

Surinder,

22nd May 2015

Comment

Good morning Surinder,
Smart city project is not a childish play, it will take some time to start. According to the final text of Maharashtra State New Housing Policy & Action Plan 2015, municipal corporations of Thane, Mira-Bhayander, Kalyan-Dombivli and Vasai-Virar fit the eligibility criteria of existing city.

This will leave out the areas falling under Municipal Corporation of Greater Mumbai, which will take its own smart city initiatives as well.

Rituraj,

22nd May 2015