MHADA Promotes Cluster Redevelopment to Address Mumbai's Housing Crisis
MHADA is taking steps to expedite the redevelopment of cessed buildings in Mumbai, with a focus on cluster redevelopment. Sanjeev Jaiswal, VP and CEO of MHADA, highlights the importance of moving forward amid challenges in the real estate sector.
MhadaMumbaiHousing CrisisCluster RedevelopmentReal EstateReal Estate MumbaiOct 03, 2024
MHADA has served around 850 notifications under Section 79(A), about 300 notices under Section 79(B), and an additional 70 to 80 notices under Section 91(A) since the amendment. According to Sanjeev Jaiswal, VP and CEO of MHADA, this move aims to expedite the redevelopment process and address the city's housing crisis.
The government is encouraging locals to explore cluster redevelopment as opposed to individual initiatives to speed up the reconstruction process. This plan seeks to enable more thorough and effective rehabilitation initiatives, which would ultimately benefit the locals and enhance Mumbai's housing situation as a whole.
Jaiswal also warned the real estate sector not to undermine redevelopment initiatives by offering people greater incentives than those offered by the project developers. He pointed out that housing societies have chosen developers on multiple occasions who have offered bigger carpet areas and larger corpus money, causing problems with current developers and delaying projects.
There are over 14,000 cessed buildings in South Mumbai alone, and over 13,000 more are currently awaiting rehabilitation. For about 4,000 of these buildings, the state government has given NOCs. By promoting cluster redevelopment, MHADA hopes to address the city's housing crisis and provide better living conditions for its residents.
Frequently Asked Questions
What is MHADA's role in the redevelopment of cessed buildings in Mumbai?
MHADA has the power to independently supervise redevelopment on its plots in the event that developers and residents fail to submit any plans for the redevelopment of residential buildings.
How many notifications has MHADA served under Section 79(A)?
MHADA has served around 850 notifications under Section 79(A).
What is the government's approach to addressing the housing crisis in Mumbai?
The government is encouraging locals to explore cluster redevelopment as opposed to individual initiatives to speed up the reconstruction process.
How many cessed buildings are awaiting rehabilitation in Mumbai?
There are over 14,000 cessed buildings in South Mumbai alone, and over 13,000 more are currently awaiting rehabilitation.
What is the benefit of cluster redevelopment in addressing the housing crisis?
Cluster redevelopment enables more thorough and effective rehabilitation initiatives, which would ultimately benefit the locals and enhance Mumbai's housing situation as a whole.
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