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Maharashtra: Self-Redevelopment Project With Single-Window System

Over 80,000 apartments and nearly 1.20 lakh established cooperative societies which are over 30 years old and are expected to undergo redevelopment.

January 4, 2023
Maharashtra: Self-Redevelopment Project With Single-Window System
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Devendra Fadnavis, Maharashtra’s deputy chief minister, declared that The state intended to introduce a single-window system for approval of housing projects undergoing redevelopment as well as put the self-redevelopment directive he issued while serving in September 2019 as a chief minister into effect.

Nearby 1.20 Lakh registered societies with over 60,000 flats which are 30 years old are about to go for redevelopment. 

On Monday, Fadnavis told TOI that the single-window system would shortly begin. This will enable cultures older than 30 to begin the process of self-redevelopment, he claimed.

During his tenure as chief minister in 2019, Fadnavis signed an order that included the single-window system.

He had previously stated in October that the prior directive from 2019 will be carried out in full compliance with the Maharashtra State Cooperative Housing Federation’s demands.

Members of the federation reported that the government’s order on housing cooperatives’ self-redevelopment released in September 2019 is still on paper. Vice-President of MSCHF Suhas Patwardhan noted that in order to address the question of how to fund these projects, they were searching for simpler procedures.

The federation directors of state intend to meet with Fadnvis and ask him to put into effect the order from September 13, 2019, which offers cooperative housing societies who choose redevelopment benefits in the form of extra floor space index and TDS advantage, a decrease in the interest rate on loans, and a single window system.

In order to provide cheap housing in areas like Mumbai, Pune, Thane, and the rest of Maharashtra, Advocate Shreeprasad Parab, the expert director of MSCHF, claimed that the self-redevelopment of housing societies was urgently required.

Self-redevelopment, according to him, will assist housing society members in selecting the newest amenities as well as larger apartments.

He continued, “The aforementioned system will offer openness, accountability, a system of effective governance, simplicity of doing business, rapid city development, coupled with protection of individuals’ fundamental right to a clean environment.

 

Tags: Latest updatesMaharashtra current affairReal estate newsReal estate updatesredevelopment projects
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