The final approval was notified on September 21 by the state.
Mumbai: Redevelopment of old buildings under Maharashtra Housing and Area Development Authority (Mhada) gets a push as the state government approved (Development Control Regulation) DCR 33 (5). This will enable redevelopment of buildings with just 51 per cent consent instead of 70 per cent, also the developer will get greater Floor Space Index (FSI). The final approval was notified on September 21 by the state.
This will ensure redevelopment of 114 building, which are in a dilapidated condition. As per the notification, plots with an area less than 4,000 sq.mts, FSI up to three will be given. They won’t be liable to give away the housing stock on the FSI received. Mhada believes that this will encourage the housing societies to apply for redevelopment. An FSI of four will be available to the housing societies with more than 4,000 sq.mts of area. Out of four, one FSI will have to be handed over to the housing authority in form of housing stock. The FSI sharing between Mhada and housing societies will be on 2/3 rd and 1/3 rd ratio.
According to this notification, the size of the open space in front of the building has been increased from 3.6 meters to three meters, to redefine small/large sized plots of Mhada. The approved and under construction redevelopment projects will be allowed to continue as per the old rules.