Tag: redevelopment projects

IndustryLatest Stories

2,000 Mumbai Redevelopment Projects’ Debris Reported Missing

Representative AI image MUMBAI: A civic investigation has revealed that tonnes of construction debris from nearly 2,000 redevelopment projects intended for designated disposal sites have not been reaching their intended locations, according to officials from Mumbai Mirror. Environmentalists suspect that this waste has been sold to land mafia for illegal encroachment on Mumbai’s mangrove and wetland areas. This significant environmental oversight came to light when the Brihanmumbai Municipal Corporation (BMC) examined documents and discovered that builders had repeatedly listed just seven sites as waste disposal locations for over 2,000 projects. “There is no way that so much debris could fit…

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Maharashtra Revamps Rules for Redevelopment Projects

MUMBAI: The Maharashtra government has announced proposed amendments to the Development Control and Promotion Regulations (DCPR) 2034 for Greater Mumbai, aimed at enhancing the feasibility and financial viability of redevelopment schemes under the Maharashtra Housing and Area Development Authority (MHADA). The proposal comes after MHADA approached the state government, requesting modifications to existing provisions to bolster the viability of its redevelopment projects. Currently, Regulation 31(3) permits builders to receive extra ‘fungible’ construction area, exempt from premium charges, based solely on the existing built-up area of a project. The government intends to expand this benefit to include the rehabilitation area, allowing…

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MHADA Updates Premium Rates for Redevelopment Projects

The Maharashtra Housing and Area Development Authority (MHADA) has approved a significant policy change aimed at enhancing the viability of redevelopment projects under its Mumbai Board. This change revises the method of calculating premium charges for commercial floor space. During a recent MHADA authority meeting, the decision was made to alter provisions from a previous resolution issued in June 2007. Previously, housing societies or developers redeveloping buildings within MHADA layouts were required to pay premiums calculated at 1.5 times the residential rate, with a minimum of 60% and a maximum of 142.5%. Developers expressed concerns that this structure hindered the…