Construction Industry News
In a move towards revitalising Mumbai's urban landscape, Maharashtra's Housing Minister Atul Save has taken a proactive stance and instructed the Maharashtra Housing and Area Development Authority (MHADA) to issue crucial redevelopment notices to the Life Insurance Corporation of India (LIC). The Minister's directive under the recently introduced Section 79(A) of the Maharashtra Housing and Area Development Act, 1976, aims to accelerate the renewal of 68 obsolete and deteriorating buildings owned by LIC.
These 68 structures comprise a total of 1,764 tenants in various locations, including the Fort area of South Mumbai, Girgaon, Dadar and Matunga. Of these tenants, 815 live in residential units, while 949 occupy non-residential spaces.
Under the innovative section 79(A) provision, MHADA will issue notices to request redevelopment proposals from LIC. Within six months, LIC must submit their redevelopment plan, as specified by MHADA. If LIC does not comply, residents will have another six months to submit their proposals.
If these efforts encounter roadblocks, MHADA is prepared to undertake redevelopment by acquiring the necessary land, in accordance with the recent amendment to the MHADA Act. Minister Save stresses that the residents of LIC will not face punitive measures until the redevelopment occurs, demonstrating an attentive approach to the affected residents and tenants.
The state's drive to revive these disused buildings is an example of a commitment to urban rejuvenation, positioning Maharashtra as a pioneer in progressive urban planning.
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