a study on how existing tenants living in old and dilapidated buildings can be accommodated in newer Buildings without any financial burden on them, and in a manner which is viable and profitable to the developer as well.
In this presentation we mainly focus on Redevelopment and its methodology, discussion of TWC (Third World Countries) redevelopment strategies, planners activity for redevelopment, An overview of gradual change on Dhaka city from the old (Basically on Land use and Transportation) and International Case study.
Redevelopment under dcpr 2034 regulation section 33(7),33(7)a & 33(7)bOMKAR CHODANKAR
The rapid development, employment and good infrastructure are inviting people to migrate into Mumbai city.
Compare to increasing population, the availability of land parcel to accommodate crowd is falling short.
Since Mumbai turns into Overcrowded city, Getting land parcel is becoming a new hurdles in development.
This report enables you to understand,How this concept of Redevelopment rise & what are the provision for it in New DCPR 2034.
Self Redevelopment is a redevelopment done by society itself. In opting for self-redevelopment, housing societies can apply for loans from banks to finance the redevelopment of their homes and then, they can appoint an independent contractor to carry out the work to their specifications.
This effectively cuts out developers from the process, thereby ensuring that the profits remain within the society and they are able to track the pace and quality of construction closely.
Self-Redevelopment of Society buildings can be conducted easily & successfully, with proper planning and strategy, after keeping confidence and by taking help of experienced and relevant Professional Consultants of the field.
Development control rules,
Maharashtra Regional Town Planning Act,
Land acquisition act,
Village planning: Necessity and principles,
Rural developments- Growth
centre approach, Area Development approach, Integrated rural development
approach.
In this presentation we mainly focus on Redevelopment and its methodology, discussion of TWC (Third World Countries) redevelopment strategies, planners activity for redevelopment, An overview of gradual change on Dhaka city from the old (Basically on Land use and Transportation) and International Case study.
Redevelopment under dcpr 2034 regulation section 33(7),33(7)a & 33(7)bOMKAR CHODANKAR
The rapid development, employment and good infrastructure are inviting people to migrate into Mumbai city.
Compare to increasing population, the availability of land parcel to accommodate crowd is falling short.
Since Mumbai turns into Overcrowded city, Getting land parcel is becoming a new hurdles in development.
This report enables you to understand,How this concept of Redevelopment rise & what are the provision for it in New DCPR 2034.
Self Redevelopment is a redevelopment done by society itself. In opting for self-redevelopment, housing societies can apply for loans from banks to finance the redevelopment of their homes and then, they can appoint an independent contractor to carry out the work to their specifications.
This effectively cuts out developers from the process, thereby ensuring that the profits remain within the society and they are able to track the pace and quality of construction closely.
Self-Redevelopment of Society buildings can be conducted easily & successfully, with proper planning and strategy, after keeping confidence and by taking help of experienced and relevant Professional Consultants of the field.
Development control rules,
Maharashtra Regional Town Planning Act,
Land acquisition act,
Village planning: Necessity and principles,
Rural developments- Growth
centre approach, Area Development approach, Integrated rural development
approach.
3.2 Maharashtra regional town planning actSachin PatiL
Development control rules,
Maharashtra Regional Town Planning Act,
Land acquisition act,
Village planning: Necessity and principles,
Rural developments- Growth
centre approach, Area Development approach, Integrated rural development
approach.
DCPR 2034 - Changing Landscape of Mumbai Real EstateHiralDesai15
DCPR 2034 has far-reaching implication on the Mumbai's growth.The new policy has cleared a lot of ambiguity related to construction and redevelopment activities.This progressive step by the government is an indication of promising growth of real estate sector which is expected to contribute 11% of the GDP of India by 2020.
TDR - CASE STUDIES OF MUMBAI CHENNAI BANGALORE
TRANSFERABLE DEVELOPMENT RIGHTS
Transferable Development Rights or TDR can be considered as an important raw material in the real estate industry as it allows the developer to build over and above the permissible Floor Space Index (FSI) under the prevalent rules of the respective locations.
Affordable Housing, Slum Redevelopment In Cities of IndiaRavikant Joshi
This PPT delivered to Scholars of Indian School of Public Policy discusses status and issues associated with affordable housing, slum upgradation, slum redevelopment in cities of India
What is FSI in real estate development? What is the floor space index that is allowed for various Indian cities? How does the FSI in India compare with some of the major metro cities of the world?
Maharashtra regional town planning act (1966)Pratham Pincha
Study of Maharashtra Regional Town Planning Act 1966 as a part of Urban Development Planning Studio 2014, Masters in Planning, CEPT University, Ahmedabad
3.2 Maharashtra regional town planning actSachin PatiL
Development control rules,
Maharashtra Regional Town Planning Act,
Land acquisition act,
Village planning: Necessity and principles,
Rural developments- Growth
centre approach, Area Development approach, Integrated rural development
approach.
DCPR 2034 - Changing Landscape of Mumbai Real EstateHiralDesai15
DCPR 2034 has far-reaching implication on the Mumbai's growth.The new policy has cleared a lot of ambiguity related to construction and redevelopment activities.This progressive step by the government is an indication of promising growth of real estate sector which is expected to contribute 11% of the GDP of India by 2020.
TDR - CASE STUDIES OF MUMBAI CHENNAI BANGALORE
TRANSFERABLE DEVELOPMENT RIGHTS
Transferable Development Rights or TDR can be considered as an important raw material in the real estate industry as it allows the developer to build over and above the permissible Floor Space Index (FSI) under the prevalent rules of the respective locations.
Affordable Housing, Slum Redevelopment In Cities of IndiaRavikant Joshi
This PPT delivered to Scholars of Indian School of Public Policy discusses status and issues associated with affordable housing, slum upgradation, slum redevelopment in cities of India
What is FSI in real estate development? What is the floor space index that is allowed for various Indian cities? How does the FSI in India compare with some of the major metro cities of the world?
Maharashtra regional town planning act (1966)Pratham Pincha
Study of Maharashtra Regional Town Planning Act 1966 as a part of Urban Development Planning Studio 2014, Masters in Planning, CEPT University, Ahmedabad
Review on DCR (Development Control Regulation) and what it output in the construction field and what all rules and regulations need to be followed. Follow the rules and regulation in new development and construction
Architecture and Town Planning _Unit 5_SPPU_LARR, UDPFI, RERA and MAHA-RERA b...Shrikant Kate
Savitribai Phule Pune University
Board of Studies in Civil Engineering
B. E. Civil 2015 COURSE (w. e. f. June 2018)
401004 Elective I (4)- Architecture and Town Planning
Unit V:
• Land Acquisition Rehabilitation and Resettlement Act
• URDPFI Guidelines (for land use, infrastructure etc.),
• Real Estate (Regulation and Development )Act 2016 and MAHA-RERA
NJ Future Forum 2012 Dealing With Reality AntonicelloNew Jersey Future
Today’s political and legal realities have made the use of eminent domain a non-starter in most communities in New Jersey. To help move projects forward in this climate, developers and municipalities alike should consider new, creative approaches toward risk allocation with regard to development and property acquisition that focus on the economic development potential of the site and ways to include the property owners more directly, including structured seller financing and joint ventures.
As a concept, approach and option to save cities from the onslaught of unauthorized, haphazard, sub-standard and unplanned development, planners have posted the agenda of creating a periphery around the urban limits. Periphery is meant to provide an opportunity and option to regulate, rationalize, dictate the development in the area outside the defined limits of the city by regulating the sub-division of land, change of landuse and construction of the built environment and meeting the day-to-day needs of the city. Periphery and city area meant to remain integral and connected parts of urban planning and development process. Freezing the peri-urban area, Periphery is conceived to be protector of the city, from unplanned developmental hazards. Concept had its first application India in the new capital city of Chandigarh, first defined up to 8kms in the year 1952 and then extended to 16kms in 1962. Periphery has its relevance only when defined/governed/managed by the same administrative agency/authority other it remains open to be misused, abused and distorted if managed by different agencies/states. Periphery concept in Chandigarh did wonderful job till 1966, when it was sub-divided into states of Punjab/Haryana, with very little left with city. Periphery, as it stands today has lost its relevance and has emerged the greatest threat to the basic fabric of the planned development of the city. Periphery stands mutilated by the forces of urbanization which has been unleashed by the governments of sister states by setting up two large cities of Mohali and Panchkula- larger in population and scope when compared with Chandigarh. Planners will do well the visit the concept of periphery, taking lesson from Chandigarh and evolve and define an agenda/policy framework for cities growth and development in the peri-urban areas, addressing the issue and relevance of the concept and approach as promoter of development and to make periphery a dynamic process/Approach Future of cities will largely hinge on the rational development of peri- urban area.
A report by the Citizen Advocacy Center.
Tax Increment Financing, or TIF, is a powerful municipal economic development tool created by the Illinois General Assembly in 1977. Although nearly every state in the nation adopted tax increment financing, each state’s legislation differs. The Illinois Tax Increment Allocation Redevelopment Act is the basis for all the information in this website.
The purpose of TIF is to spur and fund development in areas with declining or stagnant property values through providing incentives to developers. The revenues used to pay for the incentives come from property taxes that the municipality diverts for the duration of the TIF district, typically 23-30 years. The theory is that the TIF designated area will develop due to the assistance of incentives to developers, and the property valuation for the TIF designated area will substantially increase and benefit all taxing bodies in the future.
Flat available for sale
Location- Tupudana, Ranchi
Savitri enclave
Area- 3BHK
Rate- 4000/sq.ft.
Super Build Up Area-1629 sq.ft.
Build-up area-1253 sq.ft.
Rate- 65lakh16k(approx)
Floor available- Flat available in all floor(G+12)
Balcony- 2
Washroom- 2
Parking - CAR PARKING
Amenities- Joggers track,temple, children's park,gym,banquet hall (5 Lakh)
Possession year (Handover year)- Dec 2025
Outside View from the apartment and flat balcony is very beautiful.
For more information contact AASHIYANA STAR PROPERTIES
7766900371
Brigade Insignia offers meticulously designed apartments with modern architecture and premium finishes. The project features spacious 3,3.5,4 and 5 BHK units, each thoughtfully planned to provide maximum comfort, natural light, and ventilation.
https://www.newprojectbangalore.com/brigade-insignia-yelahanka-bangalore.html
Avrupa Konutlari Yenimahalle - Listing TurkeyListing Turkey
Welcome to Avrupa Konutları Yenimahalle, where luxury living meets unparalleled convenience in the heart of Istanbul. Developed by Artaş Holding, one of Turkey’s leading construction companies, this prestigious residential project offers a contemporary lifestyle experience like no other.
https://listingturkey.com/property/avrupa-konutlari-yenimahalle/
Omaxe Sports City Dwarka stands out as a premier residential and recreational destination, offering a blend of luxury and sports-centric living. Located in the thriving area of Dwarka, this project by Omaxe Limited is designed to cater to modern lifestyle needs while promoting a healthy, active living environment.
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...JagadishKR1
Experience unmatched luxury at Elegant Evergreen Homes, offering exquisite 2, 3, and 4 BHK apartments in the serene locality of Yelahanka, Bangalore. These meticulously crafted homes blend modern design with timeless elegance, providing a harmonious living environment. Enjoy top-tier amenities and a prime location, making Elegant Evergreen Homes the ideal choice for discerning homeowners.
Lixin Azarmehr, a Los Angeles-based real estate development trailblazer, co-founded JL Real Estate Development (JL RED) in 2015 and serves as its CEO. Her expertise has propelled the firm to specialize in luxury residential and mixed-use commercial projects, with a portfolio that features upscale retail spaces and sophisticated care facilities.
Torun Center Residences Istanbul - Listing TurkeyListing Turkey
THERE IS LIFE IN ITS CENTER!
The most energetic spot of the city that will add utterly different pleasures to your life, with a park that will make Istanbul breathe, delighting indoor and outdoor bistros, cafes, restaurants, the brand-new Food Hall concept, where dozens of unique tastes are served together, market area, cinema, theater, fitness club, SPA and event venue...
All the pleasures that will enrich your lives are awaiting you on the most beautiful side of the city, at Torun Center Residences. In Mecidiyeköy, where the heart of Istanbul beats, business, life and entertainment opportunities are located at the exact center, at Torun Center, the most beautiful side of the city.
Penthouse apartments and different styles of flats from 1 + 1 to 4 + 1, from 100 to 425 square meters in a 42-story residence tower, have been designed for those who want to live in the center of magnificence. Torun Center is the redefinition of a better life with specially landscaped floor gardens, apartment options with private balconies, and automatic glass systems equipped with Trickle Ventilation that offers clean air comfort.
Business and life in the same place
Excellent service
Torun Center has many delightful details, from a swimming pool to sunbathing and resting terrace. With 24/7 concierge services, 24/7 security, valet, technical service, closed-circuit camera system (CCTV), central heating and cooling system, it makes your life easier.
Delightful details
The two-story Torun Center Lounge, with its indoor and outdoor seating areas, children's playroom, private dining and TV lounge, promises unforgettable memories to you and your loved ones with its unique Istanbul view.
Neighboring to the most pleasant square of Istanbul
A few steps from the Torun Center Residences, you can reach the city's most modern city square and open the doors of a quality city life. Torun Center Residences brings together on the same project the long-awaited city life for Istanbul and gourmet restaurants, cafes, gym and SPA, and state-of-the-art cinema and Artı Stage, hosting the most famous plays of the season.
Located at the intersection of alternative public transportation options such as the metro and Metrobus, Torun Center comes to the fore as the most accessible office for both sides of Istanbul. With a central location and rich transportation lines, Torun Center offices make life easier for employees and increase productivity.
Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...Volition Properties
=== Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szeto) ===
Ever been curious about Real Estate Investing in the US?? At Volition, for the past 14 years, we have been focused on helping investors invest in over $250M of real estate and generate $100M of wealth in the Toronto market, but we are always open to learning more about other business models and learning from other investors.
The US has always been an intriguing market to invest in. But the US is a big place… if you’re interested in investing in the US, you probably have a lot of questions, like:
☑️ Specifically WHERE should you invest?
☑️ What are the best markets to invest in and why?
☑️ How much are property prices there?
☑️ What are the returns like?
☑️ What is cashflow like?
☑️ Compared to investing in Toronto or other cities in Ontario, what are the benefits / tradeoffs?
☑️ What ownership structure should I use?
☑️ What are the tax implications?
☑️ Can I get financing?
☑️ What are tenants like?
Enter Erwin Szeto, a longtime friend of Volition. Since 2005, Erwin Szeto and his team have navigated the challenging landscape of being landlords in Ontario. Now, they are shifting their focus and guiding their clients' investments toward the more landlord-friendly environment of the USA. This decision comes after assisting Canadian clients in transacting over $440,000,000 in income properties. Faced with issues like affordability constraints, tenant-friendly laws, rent control, and rental licensing in Canada, Erwin sees a clear opportunity in the U.S. Here, there is a significant influx of investments leading to the creation of high-paying manufacturing jobs. Erwin and his clients are poised to capitalize on these opportunities where landlord rights are stronger and there is no rent control.
To facilitate this transition, Erwin has partnered with and become a client of SHARE, a one-stop-shop U.S. Asset Manager. Founded by Canadians for Canadians, SHARE enables as passive an ownership experience as possible for landlords in the U.S., while still maintaining direct, 100% ownership.
Erwin is “Making Real Estate Investing Great Again”!!
Website: https://www.infinitywealth.ca/
Facebook: https://www.facebook.com/iwinrealestate and https://www.facebook.com/ErwinSzetoOfficial
Podcast: https://www.truthaboutrealestateinvesting.ca/
Instagram: https://www.instagram.com/iwinrealestate/ and https://www.instagram.com/erwinszeto/
MC Heights-Best Construction Company in jhanglaraibfatim009
MC Heights stands as the epitome of excellence in construction within Jhang. With a commitment to unparalleled quality and innovative design, MC Heights redefines urban living in the heart of Jhang. Offering luxurious residential spaces, cutting-edge commercial complexes, and vibrant community areas, MC Heights caters to the diverse needs of modern lifestyles. Our dedication to superior craftsmanship and customer satisfaction ensures that every aspect of MC Heights exceeds expectations, making it the premier choice for those seeking unparalleled sophistication and comfort in Jhang.
Urbanrise Paradise on Earth - Unveiling Unprecedented Luxury in Exquisite Vil...JagadishKR1
Immerse yourself in the epitome of luxury living at Urbanrise Paradise on Earth. These opulent 4 BHK villas, nestled off the prestigious Kanakapura Road in Bangalore, redefine elegance and sophistication. With meticulous craftsmanship, breathtaking design, and unparalleled amenities, Urbanrise Paradise on Earth offers a sanctuary where every moment is infused with luxury and serenity. Experience a life of grandeur and indulgence at this exclusive residential enclave.
Referans Bahcesehir which is being constructed, in the center of the most regional destination as Bahçeşehir, shines out with its central location and unique landscape including social facilities such as a fitness center, sauna, sports facilities, children’s playground and recreational areas.
Not only drawing attention for immediate surroundings including commercial centers and private schools but also providing the easily accessible location with closeness to Tem Highway and connection roads, ongoing construction of 3rd Bridge Connection roads and Metro Projects
Bahcesehir is a rising value in the great city of Istanbul… Located at a new transportation junction in the northwest of the City… Located at such a spot that the access roads for the 3rd bridge and for the 3rd Airport will reach the region in 2016. The Marmaray and the Subway will extend all the way to Referans Bahcesehir respectively in 2018 and 2019.
465 flats and 34 stores are designed with an outstanding approach and arranged with a unique perspective offering the following options: 1 plus 1, 2 plus 1, 3 plus 1, 3.5 plus 1, 4 plus 1, and 4.5 plus 1. It is planned so as to safeguard you and your loved ones based upon a modern, technological safety approach. As you experience the joy and luxury here, you will be content and feet at ease.
It is worth seeing both inside and outside with heart-warming cafes, tasty restaurants and elegant stores… And it is ready to offer a vivacious social life with a warm and cozy space design.
A folding swimming pool and indoor swimming pools, playgrounds, Turkish bath, sauna… It has them all. Everything you need for your well-being and for having a pleasant time will be at your service. You simply need to align the rhythm of life with the rhythm of Referans Bahcesehir.
https://listingturkey.com/property/referans-bahcesehir/
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus o...Joseph Lewis Aguirre
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus on Public Safety as Job #1, Engagement, Wealth of HOA, Branding, Communication, Culture, Civic Responsibility
Keep Your Home Naturally Cool and Warm Out Change in Seasons
Vinra Construction is a private limited company registered under the ROC. The management has an experience of over 15 years of understanding the needs and delivering apt solutions to the end users We are providing turnkey solutions in construction fields. like Construction, Interior Designing Facility Management, Plantation Management, etc..
Vinra Construction Tech Enabled Company for Eco-Friendly Home Construction
Contact With Vinra for a Greener Future >>> Call us @ 888 4898 765
Scanning tenants in NYC requires a thorough and compliant approach to ensure you find reliable renters. For a positive rental experience, consider hiring a property management service. Belgium Management LLC specializes in NYC rental property management and tenant relationship management. We prioritize tenant satisfaction, making us a trusted name in New York property management. Our dedicated team ensures tenants feel valued and supported throughout their lease.
Oeiras Tech City, Developed by RE Capital and REIG, Will Become Lisbon's Futu...Newman George Leech
Oeiras Tech City, a historic development in the Oeiras municipality of Lisbon, is acquired by RE Capital and REIG. It is located on a 93,000-square-meter plot of land and combines co-living, business, and residential areas. It highlights ESG principles and is close to Tagus Park, which improves the urban landscape of Lisbon.
Green Homes, Islamabad Presentation .pdfticktoktips
Green Homes Islamabad offers beautifully designed 5, 8, and 10 Marla homes near the airport and motorway. Enjoy luxury, convenience, and high rental returns in a prime location.
BricknBolt Understanding Load-Bearing Walls and Their Structural Support in H...BrickAndBolt
Load-bearing walls are the backbone of any home construction, providing crucial structural support that carries the weight of the house above. For companies like Brick and Bolt Mysore and Bricknbolt Faridabad, understanding and properly implementing these elements are key to constructing safe and durable buildings.
Rixos Tersane Istanbul Residences Brochure_May2024_ENG.pdfListing Turkey
Tersane Suites Residences is a luxurious real estate project located in the heart of Istanbul, next to the beautiful Golden Horn. This unique development offers hotel concept residences with Rixos management, making it the perfect choice for both homeowners and investors.
The Tersane Suites Residences offers a wide range of options, from studio apartments to spacious four-bedroom units, all designed to the highest standard. The suites are finished with high-quality materials and feature modern, open-plan living spaces, fully-equipped kitchens, and large balconies with stunning views of the city and sea.
One of the standout features of Tersane Suites Residences is the Rixos management, which provides a truly exclusive and upscale living experience. Residents will have access to a range of luxury amenities, including a fitness center, spa, and indoor and outdoor swimming pools. Plus, the on-site restaurants and cafes provide a taste of the local and international cuisine.
The Tersane Suites Residences also offers a great opportunity for investors, as it provides a rental guarantee program. This means that investors can enjoy a steady income stream, with the peace of mind that their property is being managed by a reputable and experienced team.
The location of Tersane Suites Residences is also unbeatable, with easy access to the city’s main transportation links and within close proximity to the historic center, making it the perfect base for exploring all that Istanbul has to offer.
2. Purpose
The purpose of this study is to understand how existing tenants living
in old and dilapidated buildings can be accommodated in newer
Buildings without any financial burden on them, and in a manner
which is viable and profitable to the developer as well.
3. Introduction
I come from a family of real estate developers. Known as the Kothari
Group.
The Kothari Group, founded in 1940 by Mr. Champalal Kothari who
was a great visionary of his time and a pioneer of the Real Estate
builders community.
The Kothari Group has diverse business interests ranging from
Construction, Hospitality and Entertainment with a number of projects
in Mumbai, Thane & Pune.
4. Construction
For over 40 years the Kothari Group has been a name renowned for
quality and reliability in the construction industry. The group has
completed numerous residential and commercial projects in its long
history which are noted for their quality of construction and command
a premium amongst others. The group has earned a reputation for well
planned and aesthetically pleasing projects.
My Father Mr. Amit Kothari grandson of Mr. Champalal Kothari is the
third Generation in this family Business of Real Estate Developers and I
Aman Kothari am the fourth Generation.
5. Background
There are over 16000 cessed buildings ( extremely old buildings on
which the state government levies a charge called the “Repair Cess” for
their maintenance and repair) in the city of Mumbai. These buildings
require reconstruction / redevelopment due to their poor condition.
Majority of the occupiers of these buildings are tenants who pay
miniscule rents to their landlords, and as a result the landlords are not
able to maintain these buildings.
The tenants cannot be evicted due to the old tenancy laws which
prevent their eviction without rehabilitation in newer building. Most of
these buildings are in a pathetic condition and the living conditions of
these tenants is extremely poor. These unsafe buildings not only pose a
threat to the lives of the tenants but also to their surrounding and the
community at large.
6. State Government Policy
With a view to encourage private developers to come forward to
undertake the redevelopment / reconstruction of these buildings the
state government framed a policy providing incentives to such
developers.
These incentives form part of the Development Control Regulations
(DCR) for Greater Mumbai (being DCR no 33/7) which apply to the
building activity and construction/ development work in the areas
under the jurisdiction of the Municipal Corporation Of Greater
Mumbai (MCGM).
These rules apply to the development, redevelopment, demolition,
erection, design, construction, addition, alterations to all buildings in
MCGM.
7. Policy Contd..
MCGM by various amendments has allotted extra FSI (Floor Space
Index or Floor Area Ratio) to incentivize the developer. The developer
of such dilapidated buildings get extra FSI and the tenants of such
buildings get newer homes resulting in a win-win for both.
The developer is allowed to reconstruct the area occupied by the tenant
subject to a minimum of 300 sft(square feet) up to a maximum of 750
sft when such buildings are redeveloped and he is also given an
incentive FSI upto 50% of the area required to re-house the tenants(
also called rehab area). In case of redevelopment of A category cessed
buildings (constructed before 1940) the total FSI is 2.5 the gross plot
area. Under the policy the developer is assured of approximately 50%
FSI for free sale to enable him to cover his cost and Profit.
8. DCR 33/7
Reconstruction or redevelopment of cessed buildings in the Island City
by Co-operative Housing Societies or old buildings belonging to the
corporation or of old Buildings belonging to the Police Department. –
For reconstruction / redevelopment to be undertaken by Co-operative
Housing Societies of existing tenants or by Co-operative Housing
Societies of Landlords and / or Occupiers of a cessed building of ‘A’
category in Island City, which attracts the provisions of MHADA Act,
1976 and for reconstruction / redevelopment of the buildings of
corporation and department of Police, Police Housing Corporation, Jail
and Home Guard of Government of Maharashtra, constructed prior to
1940, the floor space index shall be 2.5 on the gross plot area or the FSI
required for Rehabilitation of existing tenants plus incentive FSI as
specified in Appendix III whichever is more.
9. Regulatory Authority
The state government has also set up a separate regulatory body called
the Maharashtra Housing and Area Development Authority (MHADA)
to monitor and regulate the construction of such redevelopment
projects. MHADA has to certify the property, the list of tenants etc and
there after the MCGM approves the redevelopment plans.
13. Area Statement
Sr.No. Description Area in Sqm.
1 Area of Plot 1460.72
2 Area of Plot Adopted 1460.72
3 Deductions For
a) Road Setback 213.20
b) Proposed Development Plan (D.P.) Road Nil
c) Any Reservation Nil
Total (a+b+c) 213.20
4 Balance Area of Plot 1247.52
5 Deductions for Recreation Garden (R.G.) (15%) Nil
6 Net Area Plot 1247.52
7 Additions for F.S.I. Purpose
3a. 100% 213.20
3b. 100% Nil
8 Total Area ( 6+7 above) 1469.72
14. Area Statement Contd..
Sr.No. Description Area in Sqm.
9 F.S.I. Permissible 2.50
10 a. F.S.I Claimed lieu of Reservation T.D.R. Restricting to 40% of net Area
Not applicable
b. F.S.I. Claimed in lieu of D.P.Road T.D.R. Restricting to 40% of Net Area
c. F.S.I Claimed in lieu of Slum T.D.R. Restricting to 20% of net area
10A Total T.D.R. Claimed (a+b+c)
11 Permissible floor Area 3651.80
12 Existing Floor Area Nil
13A Proposed Floor Area (wing-B for re-housing the tenants ) 1380.80
13B Proposed Floor Area (Wing-A : Developers Free Sale Area) 2271.00
14 Excess Balcony Area Taken F.S.I. (as per B(c ) below) Nil
15 Total Built-up Area proposed (12+13+14 above) 3651.80
16 F.S.I. consumed (15/4 above ) 2.50
16. Conclusion
As seen from the above plan four structures exist on the plot of land namely
1. Ramtirth Kutir
2. Ashok Kutir
3. Gautam Kutir
4. School Building
The School Building is in a Dilapidated State. The total area occupied by
the Tenants staying in the 3 Buildings i.e. Ramtirth Kutir, Ashok Kutir &
Gautam Kutir 1380.80 Sq. meter.
The free sale area available to the developer is 2271.00 sq. meter.
Thus as seen from the above Area Statement, the Tenants are re-housed in
new building free of cost and the Developers get an area of 2271.00 sq.
meters to be sold at market rates.
This results in WIN-WIN situation for the Developers as well as the
Tenants.