The government has issued a notification making it mandatory for all projects on more than 2,000 sq m land to reserve 20 per cent of the plot or constructed space for smaller sized affordable housing.
The rule would be applicable to the 26 municipal corporations and all municipal councils in Maharashtra. The notification issued by the state urban development department is meant to promote the concept of inclusive housing at a time when most developers,especially in Mumbai,are in the business of creating luxury housing. In a bid to prevent any misuse of the policy,the notification states that developers will not be allowed to amalgamate the smaller flats or land under any circumstances.
In case of sub-division of land measuring 2,000 sq m or more,a minimum of 20 per cent will be handed over to the Maharashtra Housing and Area Development Authority (MHADA). For layouts of land more than 2,000 sq m,20 per cent of the built-up area will be kept aside for housing for the economically weaker sections (EWS) and the low-income groups (LIG).
The houses built for this purpose should not have a carpet area larger than 27.88-45 sq m. Both the land and built-up area will be sold to MHADA or any other designated public authority at affordable rates. In case of the built-up space,it will be bought at the construction cost. In order to compensate the developer for the land cost,the affordable housing will be included in the floor space index (FSI) computation, said a senior state government official.
To avoid delays,MHADA has to take a decision on buying the plot or flats within three months. Officials said if for any reason,the housing board doesnt wish to buy the flats,the developer can sell it in the open market.