Redevelopment on leased plots in Mumbai gets easier as BMC simplifies approval process

MUMBAI: Redevelopment projects on Brihanmumbai Municipal Corporation's ( BMC) leasehold plots is set to become easier, as Mumbai's civic body has simplified the approval process, and more importantly, has also set a time frame for granting permission for such projects. 

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The earlier complex application procedure and uncertainty over timeframe for these approvals were delaying the entire process. Also with the objective of doing away with agents involved in the procedure for securing these approvals, BMC's estate department has now modified five key applications related to this process. These applications include the procedure for amalgamation of plots leased by the civic body and for granting No Objection Certificate (NOC) for redevelopment of municipal-leased 

Among the key procedures, the civic body has set a timeframe of 34 days for the amalgamation procedure of municipal leasehold plots. Timeframe for procedure of granting formal no-objection certificate for redevelopment of these plots under cluster development is fixed at 17 days, and the procedure for granting NOC to occupancy certificate for such projects will have to be finished in 20 days. 

Industry experts believe that the new simplified system will benefit the consumer, help reduce project delays and eventually make them relatively affordable. 

With certain timelines, everything can be calculated well in terms of cost and time. Developers will also get clarity on the status of applications, or whether the plan needs any modifications, rather than just wait forever. Eventually, the end user and project beneficiaries will be more certain about delivery of projects and they won't get stuck due to policy paralysis. Hope, this gets implemented soon and properly," said Raj Gala Shah, Partner, Zara Habitats, that has been focusing on redevelo .. 

Source - ET