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The minimum plot size required to derive benefits under the cluster redevelopment scheme will be 10,000 square metres in the suburbs and is being retained at 4,000 sq metres for the island city. The concept involves
integrated redevelopment of buildings with a floor space index (FSI) ratio of built-up area to total plot area of 4.
The new policy,which will now extend the concept to the suburbs too,is likely to be announced by the state government in the Maharashtra legislative Assembly Tuesday. The government will retain the final right to sanction cluster redevelopment projects in the city. To reduce delays in approvals,the UDD had proposed that the BMC chief-headed High Powered Committee,which recommends proposals to the government,be made the sanctioning authority.
While the existing policy is only applicable for cessed structures in the island city,the new policy will make it applicable to all legal buildings constructed prior to 1983 across Mumbai. For buildings in clusters declared as dangerous,the 1983 cut-off will not be applicable.
The UDD had also recommended that the minimum plot size for suburbs should be kept at 4,000 sq m,Chavan,however,had argued that redevelopment plots in suburbs were bigger than a majority of those in the island city. Hence applying the 4,000 sq m norm in these areas could mean passing on higher FSI benefits to projects involving redevelopment of a single or two plots.
Senior state officials added that the new policy would not include
illegal buildings.
Sources said developers have been pushing for reduction in percentage of tenants whose consent is required for the project to be approved. However,this too remains fixed at 70 per cent. The percentage of owners consent has,however,been reduced from 100 per cent to 70 per cent. The government will acquire land the rest of the land.
Although the new policy retains the 4 FSI norm,the government has revised the sharing formula of the surplus built-up area the constructed area remaining after rehabilitation of tenants and developers incentive against rehabilitation component between the developer and the MHADA linking it to ready reckoner (RR) rates. In prime pockets where RR rates are high,the developers share will come down impacting overall incentive.
Sandeep Ashar & Stuti Shukla
sandeep.ashar@expressindia.com
stuti.shukla@expressindia.com
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