Ashwini PriolkerCNBC-TV18
The Maharashtra government has announced a reconstruction and redevelopment policy for authorised tenanted buildings in Mumbai city and suburbs. This move comes in the wake of recent building collapses which took the lives of 50 people.
The new policy whose notification is now published by the government is going to benefit the tenanted buildings in the suburbs and non-cessed tenanted buildings in the island city.
According to the Brihanmumbai Municipal Corporation (BMC), there are over 600 dilapidated buildings in Mumbai which have been declared as dangerous structures. The residents, especially those belonging to the tenanted buildings, continue to reside in these dilapidated buildings as landlords do not initiate any redevelopment work due to lack of any incentives.
The new policy seems to address this concern. Here are some of the key features of the policy.
“This policy will definitely benefit thousands of people living in the tenanted buildings. We will be keenly watching the implementation of the policy. Also, there is a question about the ownership of the flat. Will the landlords transfer the ownership rights to the tenants post redevelopment is something that needs to be made clear," says Vijay Samant, Project Management Consultant.
The developer community has also welcomed the announcement of this new policy. “This is a very good move by the government. However, such policies alone can’t help solve the problem of old buildings in the city. Any buildings which is above 30 years should be deemed to be dilapidated and there is a need for a cluster redevelopment policy in the suburbs as well," says Nayan Shah, MD, Mayfair Housing.
The state government or the Municipal Corporation is expected to soon issue guidelines for the better implementation of the policy.
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