BMC Commissioner Stresses on PPP to Boost MMR Housing Stock
Mumbai: The BMC Commissioner, Bhushan Gagrani, highlights the need to create sufficient housing stock in the Mumbai Metropolitan Region (MMR) through public-private partnerships (PPP).
RedevelopmentMmrBmcPublicprivate PartnershipsAffordable HousingReal Estate MumbaiOct 06, 2024
Gagrani stressed that redevelopment is a better approach to achieving this goal and that exploring possibilities of public-private partnerships (PPP) is crucial. Responding to the demand of reducing the premium on redevelopment by the state's real estate industry, Gagrani stated that various redevelopment avenues could be structured with due feasibility. He also highlighted the need for incentivizing redevelopment to address various issues, but cautioned that the incentive provided should not be linked to feasibility.
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Frequently Asked Questions
What is the main issue highlighted by BMC Commissioner Bhushan Gagrani?
The main issue highlighted by BMC Commissioner Bhushan Gagrani is the need to create sufficient housing stock in the Mumbai Metropolitan Region (MMR) through public-private partnerships (PPP).
Why is financial feasibility important for redevelopment projects?
Financial feasibility is crucial for redevelopment projects because it ensures that the projects can be completed without financial strain, and it helps in gaining the support of society members who are aware of the benefits and costs involved.
What are the challenges faced by Mumbai's infrastructure during redevelopment?
Challenges faced by Mumbai's infrastructure during redevelopment include issues with surface infrastructure like urban mobility, parking areas, and road quality, as well as underground infrastructure such as sewage and water supply, especially with the increasing per capita water consumption.
What is Section 33(7A) and how is it relevant to redevelopment?
Section 33(7A) is applicable for the redevelopment of dilapidated, unsafe, and tenant-occupied buildings in the suburbs. It has gained a good response from private societies, as they are opting for competitive bidding from developers, leading to better outcomes.
What is the suggestion for disseminating information and resolving issues in redevelopment projects?
Gautam Chatterjee suggested the creation of a web portal for transparent and seamless dissemination of information, e-monitoring methods, and an Alternate Dispute Resolution (ADR) for stalled projects, as well as a Self-Regulated Organization (SRO) platform like a Section 8 Company for self-regulation.
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