📲
Redevelopment Of Old Buildings In Mumbai To Speed Up; Over 11,000 Housing Societies To Benefit

Redevelopment Of Old Buildings In Mumbai To Speed Up; Over 11,000 Housing Societies To Benefit

Redevelopment Of Old Buildings In Mumbai To Speed Up; Over 11,000 Housing Societies To Benefit
Shutterstock

Here is good news for the residents living in old, dilapidated housing societies in Mumbai. In an amendment brought to the Maharashtra Apartment Ownership Act (MAOA), 1970, consent of only 51 per cent of the residents of such societies would be needed for the redevelopment work to begin. Earlier, consent of all residents was needed for redevelopment work to begin. This move is expected to benefit 11,000 societies in Mumbai, registered under the MAOA.

According to the officials of the housing department, the amendment has been brought in accordance with the norms of the Real Estate (Regulation & Development) Act, 2016, that mandates consent and registrations by 51 per cent of the tenants while safeguarding their interest on various fronts.

With the growing number of old buildings in Mumbai and some nearing a collapse, faster redevelopment process is a must.

Keeping an eye on infra development

Meanwhile, to keep a tab on the ongoing infrastructure projects across Maharashtra, the state government has now come up with a software that would act as a watchdog.

The Evidence-Based Project Management System (EBPMS) would monitor the progress of the project. Based on the progress report, the state will release funds accordingly.

The project’s pilot will be first launched in next two months in the Public Works Department and the Water Resources Department and will provide details of various projects across the state, including their cost, current status and reasons for the delay.

Last Updated: Wed Sep 05 2018

Similar articles

@@Fri Jul 05 2019 13:15:19