HomeNewsIndiaMaharashtra: Cabinet approves policy letting MHADA take over stuck redevelopment projects

Maharashtra: Cabinet approves policy letting MHADA take over stuck redevelopment projects

This will give MHADA the right to undertake incomplete projects as well as those projects, where developers are unable to pay rent to the residents.

August 29, 2019 / 19:27 IST
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Representative image
Representative image

In a relief to residents, the Maharashtra Cabinet on August 28 approved a policy for the redevelopment of old and cessed buildings that are left midway by developers, DNA has reported.

According to the report, this will pave way for the redevelopment of buildings in the city and address issues of the residents, who have been waiting due to stuck projects.

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The report states that the government amended the Maharashtra Housing and Area Development Authority Rule, 1976, making MHADA the planning authority. Besides, the guidelines for redevelopment of old and cess buildings have also been approved.

Cessed buildings are those which are over 30 years old and pay repair cess to MHADA.