Many housing societies in Maharashtra are opting for redevelopment to address ageing infrastructure and improve living standards. To ensure a smooth and transparent process, the state government has implemented new redevelopment rules offering greater protection to society members and streamlining the procedure. This guide provides a concise overview of these crucial regulations, empowering residents to make informed decisions about their society’s redevelopment journey.
1. Reduced Approval Threshold:
- Previously, a 75 per cent majority vote from society members was required to initiate redevelopment.
- The new rules have lowered this threshold to 51 per cent for specific categories like:
- MHADA (Maharashtra Housing Area Development Authority) colonies
- Cessed buildings (buildings constructed on government land with a lease)
- SRA (Slum Rehabilitation Authority) buildings
- Small societies
Source: Times Property
