In a major blow to redevelop old residential structures in Mumbai, the property owners themselves have pulled up the sock to carry out the task of self-development. This initiative is new for many but the apartments and the societies requiring restricting are happy to do it themselves.
In fact, the Mumbai District Central Cooperative Bank [MDCCB] has also praised this initiative and thus offered a helping hand to the property owners by extending loans to these people for completing the task at the earliest. According to MHADA [Mumbai Housing & Area Development Authority], nearly half-dozen of the societies got a green signal from the authority to self-development of their structures.
The official also said that approximately, 500 housing societies showed interest to self-develop their structures and the Mumbai District Central Cooperative Bank [MDCCB] sanctioned loans to eight of the societies. In Mumbai more than 30,000 residential buildings which are 30 to 80 years’ old require re-development. Like, the Saidham society [building No. 149] at Pantnagar in Ghatkopar has completed 80% work approval from both MHADA and MBC [Brihanmumbai Municipal Corporation].
Shripad Mordekar the secretary of Saidham society said that the building is 52-yrs old and there are 32 members in the society. All of us have received a notice from MHADA in regard with redevelopment of the structure which we will submit to BMC in a short span of time. Each of the property owners in this society will secure 1,000 Sq.ft. area, unlike the current 220 Sq.ft.
The self-development campaign was launched years ago by a housing activist named Chandrashekhar Prabhu who alleged that the builders in Mumbai have stalled the redevelopment work and the property owners have to bear the brunt of these old structures.
Housing activist Chandrashekhar Prabhu also said that several builders have stalled re-development projects across Mumbai, leaving house owners in a wobble.
Prabhu also stated that some builders have lost credibility, and still arguing to take up the redevelopment of the societies and the activist is also confident that more housing societies will come forward and to take up the self-development initiative.