NAGPUR: Maharashtra Deputy Chief Minister Eknath Shinde on Thursday said the redevelopment of old buildings on Mumbai’s factory sites would be expedited if the government approves a proposal to change development rules.The existing rules do not provide any additional incentive for the Floor Space Index (FSI) to encourage builders to take up redevelopment, said Urban Development Minister Shinde, speaking in the legislative assembly here.
“Many of the residential structures and chawls (tenements) on these lands are old and unsafe, and redevelopment is urgently needed. The government has decided to amend the rules to encourage redevelopment. A (proposed) amendment under section 37(1)(ka) of the MRTP Act (Maharashtra Regional and Town Planning Act, 1966) has been approved and a notification will be issued,” he said.
The Development Control and Promotion Regulations (DCPR) 2034 already provide guidelines for the development and redevelopment of areas where textile factories once operated, he said.Under Regulation 35(7)(A), eligible residents of factory lands are entitled to recovery housing. However, the current rules do not provide developers with any additional incentive for FSI, making them reluctant to take up redevelopment projects, the deputy CM said.
The amendment will now make redevelopment easier and give a much-needed boost to long-pending projects, Shinde added.
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