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Real Estate Forum on Cessed Buildings

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Q: How many buildings they are going to redevelop? Any particular reason that MHADA is issuing tenders for redeveloping cessed buildings?
Latest Answer: According to the clause 33(9) of cluster redevelopment, cessed buildings with plot size more than an acre (4,000 sq.mts) in the island city of Mumbai are eligible for cluster redevelopment. These buildings must be built before September 1969 to be eligible for cluster redevelopment. An incentive FSI of 4 or additional 50-75% is available for redeveloping these buildings depending on the size of the plot. Under clause 33(7) of DCR, FSI for redeveloping cessed buildings varies from 2.5 of gross plot area to an additional incentive FSI of 70% depending on the category of the cessed building and number of plots being redeveloped.
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Q: What is the reason MHADA is increasing FSI for cessed buildings it acquired?
Latest Answer: I heard that the minister of state for housing said that there were different options being considered for redeveloping these cessed buildings. What are the different types?
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