[ecis2016.org] To increase the housing stock in Mumbai, the Maharashtra government has decided to allow redevelopment of MHADA layouts, by offering an FSI of three and only charging the developers a premium and not requiring that they give some of the housing units back to the government
Housing minister Prakash Mehta, on January 5, 2017, announced that the Maharashtra government will only take a premium for redevelopment of Maharashtra Housing and Area Development Authority (MHADA) layouts and that the condition that builders must give a certain quota of redeveloped housing units back to the government/MHADA, has been done away with. Developers would get an FSI of 3. This decision is expected to add one lakh houses to the housing stock in the city.
You are reading: MHADA areas to be redeveloped by charging only premium
Read also : Health and safety tips for contactless home relocation during a pandemic
Plots up to 2,000 sq metres belonging to MHADA, will be up for redevelopment.
As much as 85% of MHADA layouts are between 700 and 1,200 sq metres and will, thus, qualify for the scheme. Mehta said that many redevelopment schemes of the 104 MHADA layouts under MHADA’s 33(5) scheme were stalled because the developers were finding it unviable to give housing stock to the government and pay premium, as well. “Most of the redevelopment schemes were stalled for more than seven to eight years,” he said.
[ecis2016.org] Maharashra’s new housing policy focuses on creating affordable homes
Read also : Sink or die, investors need to be paid back: SC to Supertech
Asked about giving tenements to original inhabitants of Transit Camps, Mehta said the government intends to give in-situ (at site) affordable tenements to the original inhabitants on outright ownership basis. “Encroachers who have been living for more than 10 years in the Transit Camps will be given tenements under affordable housing, after levying certain amount of charges. To do this the government will have to amend the law,” Mehta said.
Asked about the redevelopment of Dharavi slum area, Mehta said there were no takers for the redevelopment of the five sectors. “We are planning to develop Dharavi by creating a 12-sector township scheme,” he said.
Source: https://ecis2016.org/.
Copyright belongs to: ecis2016.org
Source: https://ecis2016.org
Category: Lifestyle