Quicker Mill Land Redevelopment in Mumbai: Maharashtra’s New Rules
AI Representation Image 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…