Chief minister Devendra Fadnavis gave his approval as the decision is expected to create a large stock of affordable homes in Mumbai, with the redevelopment offering modern amenities and improved living conditions
CM Devendra Fadnavis chairs the cabinet meeting on Tuesday. Pic/X
The state cabinet on Tuesday approved a comprehensive policy for the collective redevelopment of Maharashtra Housing and Area Development Authority (MHADA) projects covering 20 acres or more in Mumbai and its suburbs.
Chief Minister Devendra Fadnavis gave his approval as the decision is expected to create a large stock of affordable homes in Mumbai, with the redevelopment offering modern amenities and improved living conditions.
According to the statement issued by the CM’s office, over 60 years ago, MHADA constructed 56 colonies for low- and middle-income families which has around 5,000 cooperative housing societies now.
Over a period of time, these buildings have become dilapidated and the housing authority plans to redevelop these old structures with new modern flats having amenities such as lifts, spacious parking, gardens, playgrounds, gymnasiums, swimming pools, and CCTV security.
According to the release in the new policy, developers will not require consent of all residents to start the redevelopment, but will need approval from the housing societies.
The Maharashtra Cabinet even gave its nod for appointing a committee headed by the additional chief secretary (ACS) of the housing department to monitor and implement the ambitious plans and projects.
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