New Housing Policy In Maharashtra Likely To Be Implement By November 2023
New Housing Policy In Maharashtra : The Maharashtra government has proposed a new housing strategy, which is scheduled to take into effect in November 2023, in order to promote sustainable housing and affordable housing in the state. Navimumbaihouses.com provides a summary of how the policy would help investors wishing to buy homes in Maharashtra.
The Maharashtra State Government plans to introduce a new policy in November 2023, according to Mr. Atul Save, Housing Minister of Maharashtra, who made the announcement on August 19, 2023. In order to construct the policy so that purchasers may quickly obtain the necessary permissions, conversations are now being held with structural engineers, architects, and other players in the real estate sector. To learn the main points of the policy, read the article.
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Maharashtra Housing Policy: November 2023 is scheduled
A new housing strategy being developed by the Maharashtra government will place an emphasis on sustainable and reasonably priced houses. By November, the new policy is most likely to be implemented. The formation of special townships, alterations to the Rent Control Act, the elimination of limitations on the redevelopment of slums, and the inclusion of improvements in the redevelopment strategy are some of the important areas anticipated to be addressed by the policy.
The previous housing strategy was created by the State government in 2015, according to Mr. Ramesh Prabhu, the head of the Maharashtra Society Welfare Association. Numerous changes have been made since the first policy, including the Greater Mumbai-specific Development Control and Promotion Regulation 2034 (DPCR). A single DPCR is also applicable to the whole state, with the exception of Mumbai. Additionally, he said that this guideline requires the policy to take progress in these areas into account.
According to a representative of the housing development, the new strategy is an improved version of the Center’s Housing For All programme.
Housing Policy for Maharashtra: Published in 2016
The Maharashtra government unveiled a housing policy in 2016 with the intention of expanding the rebuilding programme to suburbs and transit camps. During the renovation and reconstruction process, inhabitants are temporarily relocated to the transit camps. The plan calls for the renovation of 104 layouts using a four-point Floor Space Index, commonly known as Floor Area Ratio. The FSI can be raised by one by paying a premium and sharing the housing stock with MHADA, however developers who renovate buildings on plots up to 2,000 sq m only receive an FSI of three.
The Maharashtra Housing & Area Development Authority (MHADA)’s (the policy’s) goal is to reconstruct at least 30,000 homes. 10,000 of these will be located in the suburbs. According to the regulation. Inhabitants in the renovated buildings must receive apartments with a size between 300 and 753 square feet.
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