CM Devendra Fadnavis
Img : realtymonks

The Devendra Fadnavis-led Maharashtra Government is likely to amend the new development control rules in order to boost self-redevelopment. Under the self-redevelopment model, the residents of the societies can redevelop or renovate their dwelling units without the help of the developer/builder.

Bhushan Gagrani, Private Secretary of Maharashtra CM shared the information and said that soon a proposal will be tabled in front of the state cabinet after discussing with departments like urban development, cooperation and revenue.

A few weeks back, Chief Minister Fadnavis stated that his Government will offer full support to self-redevelopment of dwelling units in the city. After which a meeting was chaired by his Private Secretary along with the stakeholders to follow the guidelines laid by CM. This meeting gave a much-needed push to the self-redevelopment scheme.

This meeting was attended officials of various departments, housing authority MHADA, housing activist Chandrashekhar Prabhu, Mumbai District Central Cooperative Bank Chairman Praveen Darekar, and housing society members.

The self-redevelopment scheme is curated by the housing activist Chandrashekhar Prabhu. Also, the representatives of the cooperative bank gave a presentation on the self-redevelopment model. The bank has sanctioned Rs. 75 crore along with an in-principle approval to sanction Rs. 780 crore for the redevelopment of 19 housing societies.

PS Gagrani also said that the State Government will issue an administrative order to ensure smooth execution of the self-redevelopment model.

The housing societies are primarily demanding rebate in the payment of heavy premiums that are required to be paid to the BMC [Brihanmumbai Municipal Corporation] and MHADA [Maharashtra Housing and Area Development Authority] at the time of self-redevelopment. This also includes diminishing of property tax on the land that is under construction.

This tax is levied on the under-construction land so that the developers/builders can complete the redevelopment work on time but the societies have no reason to delay the redevelopment work.

Thus, the imposition of penal tax on the same is not an appropriate step. Similarly, the well-settled developers have enough money to pay the premium while the society members don’t have such a strong financial condition.

The meeting also discussed the idea to make MHADA a single-window system for making self-redevelopment scheme functional.

Shilpa Sardare Jain
Shilpa Sardare Jain is a journalist and works as a content writer with us. Her journalistic background helps her cater the viewers with accurate news about everything around. She is experienced at writing articles, blogs, features and news related to different genres. She started her career with News24 News channel and then worked with a leading digital media channel One India News and few others. Shilpa Sardare Jain is a joyful person who loves to explore new places and food when not working. Also, she has the zest for reading autobiographies of politicians who took the world by storm.