The amended policy of 33(5), which allows for redevelopment of building on Mhada layouts, was announced by chief minister Devendra Fadnavis at a rally in Ghatkopar in September but the notification was issued on Thursday.
The new rules, under which the housing department has relaxed the condition for sharing of additional housing stock that is generated after the buildings on areas less than 2000 square metres are redeveloped, which will pave the way for redevelopment of 65 Mhada layouts, mostly in the suburbs.
Another clause gives an additional FSI of one to layouts having an area of 4,000 square metres and above, but that additional FSI will be used to construct housing stock, which will be purchased by MHADA by paying construction cost, and will be made available to the public at an affordable price.
State housing minister Prakash Mehta said the decision will allow redevelopment and add more than 1 lakh affordable units to the state government’s kitty. “The policy is a win-win situation for residents and developers,” Mehta said. Under the policy, residents will get 376 square feet houses as against houses of 300 sq ft.
The policy will open up redevelopment of 2.25 lakh tenements on 104 Mhada layouts that were stuck since years due to old rules that were not viable.
The draft notification that has been issued will be put in the public domain for suggestions and objections for a month.
Credits ET Realty