The Maharashtra cupboard on Tuesday authorized the redevelopment of over 2.65 lakh sq. metres of land of buildings beneath the Maharashtra Housing and Space Improvement Authority (MHADA) in Mumbai’s upmarket Bandra reclamation and Worli (Adarsh Nagar) areas.
Permission has already been granted for the redevelopment of a number of the co-operative housing societies beneath MHADA in these areas. The cupboard authorized the appointment of a Development and Improvement Company by MHADA for mixed redevelopment, as a substitute of single constructing challenge.
For this mixed redevelopment, 4 FSI (ground area index) will likely be authorized with the prior approval of the federal government. Out of this 4, one will likely be authorized within the type of housing inventory.
“Due to this fact, the bidder who is able to present most housing inventory to MHADA and fulfils the monetary and different situations of the tender course of needs to be appointed by MHADA for redevelopment. Will probably be essential to comply with all authorities choices whereas implementing the tender course of,” an official from the housing division stated.
The world of Bandra Reclamation space is 1,97,466 sq. metres and that of Adarsh Nagar (Worli) is 68,034 sq. metres. The developer appointed by MHADA will likely be required to submit consent letters of 51 per cent of the entire members of each the areas to MHADA.
The Development and Improvement Company will likely be liable for rehabilitating the unique landowners and residents of those initiatives, offering them with momentary lodging, paying lease for various websites, corpus funds, and growing all infrastructure.
The cupboard additionally authorized amendments to the Maharashtra Slum Space (Reform, Clearance and Rehabilitation) Act-1971 to hurry up slum rehabilitation within the state and make Maharashtra slum-free. In response to this resolution, three provisions act will likely be amended. Earlier, after declaration of a slum space; the landowner, developer or cooperative society needed to submit a proposal for redevelopment of this land inside 120 days.
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This era will now be decreased to 60 days. If the involved events don’t submit a proposal inside these 60 days, the slum space will likely be handed over to a different authority for redevelopment.
If the slum rehabilitation scheme within the Mumbai Metropolitan Area is being carried out on a joint partnership foundation with authorities, semi-government firms, authorities or native our bodies, the stated land will now be made accessible to them on a 30-year lease inside 30 days of the issuance of the letter of intent for the scheme, in a bid to get loans and monetary help from banks or monetary establishments.
In slum rehabilitation schemes, slum dwellers are given lease as a substitute of transit camps. However the builders don’t pay this lease to the slum dwellers on time resulting in rise in arrears. A brand new part 33-B will likely be included within the regulation to make a authorized provision for recovering the transit camp lease or different dues from the developer. On this, the restoration of lease arrears from the builders will likely be performed as per the Income Act.
