scorecardresearch
Follow Us:
Friday, July 01, 2022

Insurance cover for tenants of shaky buildings

Tenants in 16,252 old,dilapidated buildings in the city will be insured against buildings collapses that claim several lives year after year.

Written by Express News Service | Mumbai |
February 18, 2009 4:04:00 am

Tenants in 16,252 old,dilapidated buildings in the city will be insured against buildings collapses that claim several lives year after year. It will cover tenants who pay regular cess to the Repairs and Reconstruction Board of MHADA. The plan was mooted on Tuesday during the presentation of the Board’s annual budget.

“We have proposed that over and above the Rs 1 lakh compensation given by the state government,MHADA should provide a higher compensation for all victims. MHADA will pay the premium,” said Sachin Ahir,chairman of the Board. Ahir added the exact allocation will be decided soon.

The Board has announced a budget of Rs 87 crore for 2009-10 as against Rs 60 crore last year. A substantial allocation has been made for redevelopment of several of MHADA’s 56 transit camps,meant to provide temporary accommodation for tenants of run-down buildings. The camps will be redeveloped using a FSI of four.

As per MHADA’s master list,over 2,000 people have been living in the tenements for over 20 years. “Their buildings could never be reconstructed as they got stuck in court cases,road widening,CRZ norms or various reservations. Post redevelopment,they will be housed in the new structures,” said Ahir.

Best of Express Premium
Explained: What unchanged small savings rates mean for banks, saversPremium
Fadnavis stunned, but BJP clear about reasons, kept Eknath Shinde in loopPremium
Don’t ignore the services sectorPremium
With Shinde in seat, BJP defangs Uddhav, next stop BMCPremium

UPSC KEY Have you seen our section dedicated to helping USPC aspirants decode daily news in the context of their exams?

📣 Join our Telegram channel (The Indian Express) for the latest news and updates

For all the latest Mumbai News, download Indian Express App.

  • Newsguard
  • The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.
  • Newsguard
Advertisement
Advertisement
Advertisement
Advertisement