The deadlock in the redevelopment of 388 dilapidated MHADA buildings in Mumbai ended on Friday after the government decided to allow builders incentive FSI by adopting a new formula and working it into the Development Control Rules (DCR) as DCR 33 (24). While this has paved the way for flat owners to get bigger houses of 405 square feet, a very significant outcome is that MHADA will have to redevelop those buildings which fail to attract builders.
The redevelopment issue of the 388 buildings had been pending for years owing to the lack of a specific DCR for buildings which had already been redeveloped by MHADA once. Recently, the issue was raised in the state legislature, and Chief Minister Eknath Shinde announced that the buildings would be redeveloped under a new regulation, which would have all the benefits of DCR 33 (7). Under the latter, all flat owners get new homes free of cost while the builder gets incentive FSI to recover his costs and make a sizeable profit.
https://www.hindustantimes.com/cities/mumbai-news/govt-to-introduce-new-dcr-mhada-to-redevelop-buildings-that-fail-to-attract-developers-101692556637293.html
Source : Hindustan Times
