Norms For Reconstruction Of Rebuilt Cessed Buildings Have Been Issued In Mumbai
TheMaharashtraurbandevelopmentdepartmenthasdraftedanewclauseafter loweringtherequirementsoftheGovernmentResolution(GR)enactedin2019. ThisprovisionoftheDevelopmentauthority&PromotionRegulations,2034 establishesredevelopmentstandardsfor454propertiesundertheauthorityof MHADAandBMC.
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Update: Anewclause33(24)hasbeendraftedintheDevelopmentControland PromotionRegulations,2034toaddresstheredevelopmentof454properties ownedbytheMaharashtraHousing&AreaDevelopmentAuthority(MHADA)&the BrihanmumbaiMunicipalCorporation(BMC).Theclauseconcentratesonthe originalcessedstructuresthatwerelaterdevelopedaspartofthePM'sGrant Projectandarecurrentlyinneedofurgentrestoration.Thesestructuresare currentlyoutdated,unsafe,andinpoorcondition.
Additionally,theMaharashtraHousingorAreaDevelopmentAuthority(MHADA) announcedthatitwouldfinethedeveloper'sbankguaranteeiftheredevelopment projectisnotfinishedwithinfiveyears,accordingtothemostrecentregulationsfor therenovationofabandonedbuildingsinMumbai.Theseguidelinesaremeantto makesuchundertakingsgomorequickly.
Private redevelopment of abandoned houses faces opposition from the FSI
Accordingtoreports,thecessedstructurescanbefoundallthroughoutSouth Mumbai,fromColabatoSion&Mahim.Thereareabout388MHADApropertiesand 65BMCpropertiesthathavebeenabandonedandareinabadshape.Sincethere wasnopolicy,thedebateabouttheirredevelopmentheatedupintheState legislaturein2016.
Thegovernmenthascreatedanewplancalled33(24)toletprivatedevelopers rebuildtheshutteredbuildings.Butthefloorspaceindex(FSI)providedforthese projectspreventsthemfrombeingeconomicallyfeasible.Byfar,themajorityof theseabandonedstructureshavebeenrebuiltwiththestandard1.33FSI.
What are the new regulations for the redevelopment of abandoned buildings?
TheMumbaiBuildingRepairs&RedevelopmentBoard(MBRRB)nowrequires developerstoprovideabankguaranteeorafixeddepositinanationalizedbank equalto10%oftheprojectcost,determinedbasedontheproject'scurrentmarket value,foraperiodoffiveyears.AnofficialdivisionoftheMaharashtraHousing& AreaDevelopmentAuthorityisknownasMBRRB.(MHADA).
Inaddition,afterbeingrebuilt,the454buildingscoveredbyMHADA&BMCno longerqualifyascessedproperties.However,becauseoftheirlimitedfinancial resources,theoccupantsofthesebuildingsareunabletorestorethebuildings themselves.Thegovernmentcameupwiththe33(24)clausesbecausetherewasno policyinplacetorehabilitatesuchproperties.TheFSI'sincentiveprogrammefor the33(24)redevelopments,however,isinsufficienttodrawinprivatecapital. However,awrittenappealaskingtheStategovernmenttoboosttheFSIincentive hasbeensubmittedsinceotherwise,thedevelopersworrythattheprogrammewill justexistonpaper.
What will happen if a builder is unable to complete the redevelopment project in five years?
Thebuilderissubjecttoapenaltyof12percentonthebankguaranteeforthefirst threemonthsofeveryyear,then18percentuntiltheprojectisfinished,iftheyare unabletofinishtheprojectbeforethebankguaranteeexpiresandfailtorenewit.
What is the cause for the withdrawal of the Government Resolution (GR) 2019?
SeveralNoObjectionCertificates(NOCs)becamestalledasaresultofthe GovernmentResolution(GR)forbuildingrenovationthatwaspassedinSeptember 2019.AbuilderrequiredtohavemadebetweenRs10-15croreinrevenueduring thepreviousthreeyears,accordingtoGR2019.Thebuildermustalsohave completedatleast500homesinordertobeeligiblefortheredevelopmentprojects. Accordingtothedevelopers,theseregulationshamperedplansforreconstruction.It wasthereforenecessarytochangetheGRandputinplacemoreinclusive regulations.TheStatethinkstheregulationswereessentialbecausetherewasno meanstoholddevelopersaccountableforthefailureofabandonedprojectsinthe past.
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