To increase the housing stock in Mumbai, Maharashtra government today decided to allow redevelopment of MHADA lay-outs by offering FSI of three and only charging the developers premium and not requiring that they give some of the housing units back to the government.
Housing Minister Prakash Mehta said plots upto 2000 sq mt belonging to Maharashtra Area Housing Development Authority will be up for redevelopment.
As much as 85 per cent of MHADA lay-outs are between 700 and 1200 sq meter, and will thus qualify for the scheme.
The government will only take a premium for redevelopment, and the condition that builders must give a certain quota of redeveloped housing units back to the government/MHADA has been done away with, Mehta said.
Developers would get FSI of 3.
The decision will add one lakh houses to the housing stock in the city.
Asked about redevelopment of Dharavi slum area, Mehta said there were no takers for redevelopment of five sectors. “We are planning to develop Dharavi by creating 12-sector township scheme,” he said.