The Maharashtra government, on Monday, sanctioned the Mumbai Development Control and Promotion Regulations 2034 (DCPR) by issuing a corrigendum, and which came into force on Tuesday. The state government issued the corrigendum after making corrections made to the Excluded Part (EP) of the DCPR which was sanctioned on September 24.
“…And whereas it is noticed that there are some typographical errors and mistakes, in the notification sanctioning the EP and also the commissioner, municipal corporation of Greater Mumbai vide his letter dated 6/11/ 2018 has pointed out certain additional errors and mistakes and therefore to rectify such mistakes and to clarify and co-relate certain provisions of sanctioned DCPR for its proper interpretation, government feels it is necessary to issue a corrigendum for the same,” the document says.
Due to corrections made in the EP, this move will now encourage landowners to hand plots reserved for public amenities to BMC as now EP offers an incentive of additional floor space index (FSI). The new DCPR also offers incentives in FSI to landowners whose plots are reserved for public amenities and road widening by the government, provided the plot is handed over within five years, reported Hindustan Times. This move will encourage the landowners to hand over the plots for public amenities.
In these major modifications to DCPR 2034, there are fresh built-up area sops and fiscal concessions to developers. The government also slashed the premium rates that builders have to pay to avail additional floor space index (FSI). The government slashed premiums for all residential, commercial and industrial projects. This new regulation is set to benefit hundreds of redevelopment projects in the city.
According to the new DCPR, minimum size of rehabilitation homes for all redevelopments has now been revised to 300 square feet. The government also allowed the Slum Rehabilitation Authority (SRA) the power to relax the norm regarding the minimum tenement density to be maintained in a slum project reported the Indian Express. Due to this, the SRA’s CEO now has the power to relax tenement density of 650 per net hectare to 500 per net hectare in cases of hardship. The government also have now permitted to club two or more slum schemes, if both are located in the same half of the city.