Government announces new redevelopment policy for unsafe buildings in Mumbai

By
193

  • Share on
Demolition_dust_coventry_14n07

Considering several incidences of building collapses in Mumbai, the Maharashtra government has announced a new redevelopment policy for old and non-cessed buildings occupied by tenants. The new rules are applicable to tenants occupying units before June 13, 1996. Unauthorised constructions in buildings would not be considered while calculating FSI.

Experts state that the existing policy is limited to old cessed buildings in the city. Non-cessed buildings, including co-operative housing societies, were not under the current policy’s ambit.

Recently, the state urban development department had issued a notification about a new redevelopment policy for such unsafe buildings. As per the notification, landlords or co-operative housing societies are required to commence redevelopment of such properties within a year from the date of demolition and complete it within five years. During redevelopment, landlords will have to allocate alternative accommodation to the tenants. The builder will need to get consent from 70 percent of tenants in old buildings.

Builders redeveloping rental properties in Mumbai suburbs will get 50 percent floor space index (FSI) as incentive, state officials. Transfer of development rights (TDRs) will also be available to the builder in certain cases.


Copyright 99acres.com


  • Share on
Rate it 1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...Loading...