Maharashtra to Hike Rent for Tenants in Cessed Buildings

AI-generated Representative Image
AI-generated Representative Image

MUMBAI: The state government announced on Thursday an increase in monthly rent for tenants residing in dangerously dilapidated cessed buildings in Mumbai from Rs 20,000 to Rs 30,000 while alternative accommodations are provided during reconstruction.

Additionally, the government will revoke the no objection certificate (NoC) of developers who have failed to initiate the redevelopment of these cessed buildings under Development Control Regulation 33(7).

The assurances were made by the Minister of State for Urban Development, Pankaj Bhoyar, during the state assembly session.

“The government will seek clarification from developers and will revoke notices for those who haven’t started redevelopment after three years,” Bhoyar stated.

  • Published On Jul 4, 2025 at 08:17 AM IST

Join the community of 2M+ industry professionals.

Subscribe to our Newsletter for the latest insights & analysis delivered right to your inbox.

Stay updated on the ETRealty industry right from your smartphone!