Showing posts with label Redevelopment policy. Show all posts
Showing posts with label Redevelopment policy. Show all posts

Wednesday, November 13, 2019

Maharashtra government announces new redevelopment policy for rented building in Mumbai


The Maharashtra government has made public a new development policy for tenant-occupied shabby building in the suburban area and non-closed tenant-occupied buildings in the island city. Yes, this step came due to the recent demolition of the Ghatkopar building, which killed 50 people.  


This new policy, the notification of which has now been published by the Government of Maharashtra, is going to benefit ten-storey buildings and non-winding ten-storey buildings in the island city.

According to the Brihanmumbai Municipal Corporation, there are over 600 dilapidated buildings in Mumbai, which have been declared as dangerous structures. Almost every part of the country has such dangerous structures or buildings. The residents, especially those belonging to the ten buildings, live as landlords or owners of flats in these shabby buildings and do not undertake redevelopment work due to lack of any motivation.

The current policy is only for old closed buildings in the island city, where private builders receive additional construction benefits for redeveloping such properties and re-housing tenants in a new building. But they are properties that give tenants access to the housing authority, MHADA, which includes cooperative housing societies that were not previously covered under this policy.

Some of the salient features of this policy are:
1) Those who occupied this place before 13 June 1949 are covered under this policy.
2) Developers will get 50 percent incentive floor space index (FSI) for redevelopment of the building.
3) Redevelopment of old buildings requires 70% tenant consent.
4) A fund should be created by the landlord who will take care of the maintenance of the building for a period of 10 years.
5) Landlords should start the construction of the building within one year from the date of demolition and complete it within a period of five years.
6) Each tenant will be given a carpeted area in the old building with a minimum area of ​​300 square feet and a maximum area of ​​753 square feet.
7) Landlords must provide alternative accommodation for tenants for the time of redevelopment.

It is hoped that this new redevelopment policy will benefit thousands of people living in ten-ten buildings. The developer community has also welcomed the move. However, such an initiative alone cannot help solve the problem of old buildings in the city.

The state government may soon issue detailed guidelines for regulating tenants' eligibility and for better implementation of the policy.

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