Maha builders happy over conversion of Industrial plots for residential use

NAVI MUMBAI: The draft notification of state urban development department (UDD) on converting unutilized industrial plots into residential units was welcomed by city developers as it will open up large tracts of land earlier earmarked for industry.

“UDD’s draft notification will be a bonanza for property dealers and developers,” said Manohar Shroff of the Navi Mumbai chapter of Maharashtra Chamber of Housing Industry (MCHI).

Nitin Kareer, principal secretary of UDD, told TOI, “The state government is inviting objections and suggestions to our draft notification of conversion of unused industrial plots to residential units. After the feedback is received and considered, the state directive will be issued.”

As no such ruling was earlier there within NMMC, the UDD notification will reportedly aid in land conversions.

Additional municipal commissioner (city) Ankush Chavan said, “We are aware of the draft notification and will study the plots which will come up for conversion, where industry has not developed.”

Just outside the Thane-Belapur industrial belt are several unutilized industrial plots, which are likely to be converted for residential housing, once the draft notification becomes a government resolution.

Vipin Shah, president of Thane-Belapur Industries Association (TBIA), said, “We are also studying this UDD notification to see how it may affect our industrial body. Within the industrial zone itself, there are 3,005 plots, but only around 1,100 units are operating as fully functional industries.”

Real estate developer, Priya Gurnani, who recently purchased land outside an MIDC industrial area in Raigad district, said, “This is a good notification from the state government as it will open up a large unused landmass. Wherever there is industry, there is always requirement for the housing of citizens, including workers and commercial entrepreneurs who set up shop at such locations.”

However, RTI activist Anarjit Chauhan countered, saying, “I smell a rat in this notification, which will help land sharks and industry owners who first bought land under the pretext of starting factories, but later sold it to make profitable residential towers.”

Credits ET Realty

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