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Q: What is the reason for the slow pace of redevelopment process?
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.
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