Good news for Mumbaikar’s, as per the latest news reports, the Maharashtra government is likely to approve Mumbai’s new development control plan (DCPR) 2012-2034 by next week. Along with this, the state government will also publish a transition policy so that if in case builders want to amend their plans for ongoing projects in accordance with the new plan, they can easily go for it.
Few days back, urban development department’s principal secretary Nitin Kareer along with his team had a meeting with civic chief Ajoy Mehta at the BMC headquarters where they finalized DCPR provisions. Now the final one will be sent to the govt for its nod so that it can be further implemented.
According to a civic official, the new plan will give a push to standstill reals estate market of Mumbai as many developers have been keenly waiting for the new DCPR. As mentioned earlier, the new DCPR will have the provision for higher floor space index (FSI) and flexible transferable development rights (TDR).
BMC chief Ajoy Mehta, after the meeting, said, “The new DCPR will prove to be a game-changer, as it will have provision to create affordable housing and boost slum redevelopment after simplifying procedures. It will also reduce the municipal commissioner’s discretionary power. We have also finalized the transition policy details for a smooth transition.”
Mumbai’s new development plan (DP) will be valid for 20 years and will mention existing land use, kinds of reservation and their zoning. Apart from it, BMC will also release DCPR with it, which decides how to implement the DP, how much construction can be allowed, what kind of land along with details. Both DP and DCPR are interconnected.