Maharashtra announces new housing policy – Feedback

The state government has issued a new housing policy for Maharashtra in the run-up to the BrihanMumbai Municipal Corporation (BMC) election.

It proposes redevelopment of buildings on 7,000 lots in 104 layouts of the state-run Maharashtra Housing & Area Development Authority (MHADA) in Greater Mumbai. A Floor Space Index (FSI) of four will be given for MHADA layouts. A developer will get an FSI of three for redevelopment of a plot up to 2,000 sq mt; for an extra one-FSI, premium will have to be paid and housing stock shared with MHADA. The government expects at least 30,000 houses to be available with the new policy on MHADA lots in Greater Mumbai. Redevelopment of old or dilapidated buildings in the suburbs will be carried out under a cluster scheme, currently applicable only to the island city of Mumbai. At least 10,000 old or dilapidated buildings from the suburbs are expected to get a makeover.

http://www.business-standard.com/article/economy-policy/maharashtra-announces-new-housing-policy-116090201379_1.html

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