The Maharashtra government is set to issue a notification for the redeveloping of 388 MHADA buildings in South Mumbai that are more than 30 years old. The move by the state will come as a relief to nearly 40,000 people.
Under the Development Control Regulation, these buildings will be offered a floor area ratio of 3 or an additional incentive FSI of minimum 78% under the Prime Minister’s Grant Project (PMGP) buildings in south Mumbai. As a result of this, owners with units spanning 160-225 sqft will get around 400 sqft of area.
Prior to this, 66 old MHADA buildings were redeveloped where an FSI of 3 or additional incentive FSI of minimum 78% was offered.
See also: MHADA Pune Lottery 2022: Online application form, registration date and news
With 16+ years of experience in various sectors, of which more than ten years in real estate, Anuradha Ramamirtham excels in tracking property trends and simplifying housing-related topics such as Rera, housing lottery, etc. Her diverse background includes roles at Times Property, Tech Target India, Indiantelevision.com and ITNation. Anuradha holds a PG Diploma degree in Journalism from KC College and has done BSc (IT) from SIES. In her leisure time, she enjoys singing and travelling.
Email: anuradha.ramamirtham@housing.com
Related Posts
Maharashtra CM kicks off BDD chawl redevelopment project in south Mumbai.
Self-redevelopment puts societies in complete charge: Pranay Goyal, Wedevelopment.
Impact of the new Maharashtra Housing Policy on residential markets in Mumbai.
Mumbai’s revised DCR to allow redevelopment of 30-year-old buildings.
Maharashtra mulls PPP model, to acquire land for affordable housing.
Maharashtra self-redevelopment scheme: All you need to know about it.
