NAGPUR: Maharashtra’s Deputy Chief Minister Eknath Shinde announced on Thursday that the redevelopment of aging structures on Mumbai’s mill lands will be accelerated, following government approval of a proposal to amend the development regulations.
During a legislative assembly session, Shinde, who oversees urban development, pointed out that the current regulations lack an additional incentive in Floor Space Index (FSI) for builders to engage in redevelopment projects.
“Many residential buildings and chawls (tenements) in these areas are deteriorating and pose safety risks. Therefore, the government has opted to amend the rules to foster redevelopment. A proposed amendment under section 37(1)(ka) of the Maharashtra Regional and Town Planning (MRTP) Act of 1966 has been cleared and will soon be formalized,” he stated.
The Development Control and Promotion Regulations (DCPR) 2034 already outline rules for developing and redeveloping sites that previously hosted textile mills, he added.
As per Regulation 35(7)(A), residents living on mill lands are entitled to rehabilitation tenements. However, the existing regulations do not incentivize developers with additional FSI, making redevelopment projects less appealing, according to the Deputy CM.
The new amendment is expected to simplify the redevelopment process and provide a much-needed boost to overdue projects, Shinde concluded.
