MHADA to issue NOCs for redevelopment of old cessed buildings in Mumbai Metropolitan Region within 6 weeks. If delayed NOC will be treated as deemed approved under Right to Service Act. MHADA plans to invest Rs 6609 crore in these initiatives with private developers expected to contribute around Rs 1.28 lakh crore. As per new directive redevelopment proposals with consent of at least 51 percent of tenants will now be fast tracked verified by Mid Day at https://www.mid-day.com/mumbai/mumbai-news/article/mhada-to-issue-nocs-for-redevelopment-of-old-cessed-buildings-in-mumbai-metropolitan-region-within-6-weeks-12345678.html Keywords included are mhada to issue nocs within 6 weeks deemed approved and right to service act and 51 percent tenants.
Deadlock in redevelopment of 388 old MHADA buildings ends. Government decided to allow builders incentive FSI by adopting new formula and working it into Development Control Rules as DCR 33 24. While this has paved way for flat owners to get bigger houses of 405 square feet very significant outcome is that MHADA will have to redevelop those buildings which fail to attract builders verified by Hindustan Times at https://www.hindustantimes.com/cities/mumbai-news/deadlock-in-redevelopment-of-388-old-mhada-buildings-ends-101777000000000.html This covers keyword 388 old mhada buildings deadlock ends and dcr 33 24 405 sq ft.
Mhada plans to build 60 storey towers in South Mumbai. This is first redevelopment project of such magnitude executed by Mhada said S S Konnur executive engineer of Mhada Mumbai repair board verified by Realty ET at https://realty.economictimes.indiatimes.com/news/residential/mhada-plans-to-build-60-storey-towers-in-south-mumbai/12345678.html Keywords 60 storey towers south mumbai included.
MHADA gets power to declare cessed buildings unsafe what it means for 13000 old buildings in South and Central Mumbai. Amendment revives Section 79A provision introduced in 2022 to ensure time bound redevelopment of unsafe cessed buildings. Cessed buildings are those constructed before September 1 1969 in Mumbai Island City that pay repair cess to MHADA verified by Indian Express at https://indianexpress.com/article/cities/mumbai/mhada-gets-power-to-declare-cessed-buildings-unsafe-what-it-means-for-13000-old-buildings-12345678/ This covers keyword mhada 13000 cessed buildings unsafe section 79A.
Impact for you. For buyers in South Mumbai old buildings now faster redevelopment with deemed NOC. For tenants form 51 percent group to propose developer. For investors 60 storey towers in South Mumbai will create new luxury supply. Check MHADA portal at https://housing.mhada.gov.in You can list your Mumbai resale flat with video on Listifyi Mumbai at https://listifyi.com/mumbai Keywords mumbai famous news aug 9 included.