Latest Answer: The Maharashtra Housing and Area Development Authority (MHADA) is planning to revamp certain redevelopment rules. Some proposed changes include giving a higher varying incentive in terms of FSI for cluster redevelopment. Earlier, the incentive was same for single building as well as cluster redevelopment in terms of free FSI. There is also an increase in the entitlement area for current occupants that has been proposed. There are various other regulations and processes that are proposed focused on standardizing and speeding up the redevelopment process.
Latest Answer: The state government had realized that the pace of redevelopment of cessed buildings was slow and it could be increased by involving landlords/tenants/private developers. With this in view, the Maharashtra government introduced a policy of giving floor space index (FSI) 2.00 for redevelopment of cessed buildings under Development Control Regulations. Amendments to the policy also gave an FSI up to 4 for redeveloping building clusters in a minimum area of one acre and rehabilitation of existing tenants/occupiers.
