The Maharashtra government has decided to amend the Maharashtra Apartment Ownership Act (MAOA). Chief Minister Devendra Fadnavis, on Monday, said the requirement of 70% consent would be reduced to 51% for redevelopment of buildings which have fewer than 11 flat owners. A minimum of 11 members is required to mandatorily register a housing society and anything less than that means the tenement gets registered under the 1971 MAOA legislation. This decision would benefit most of the private smaller buildings registered under the MAOA.
According to Fadnavis, to avoid delay in redevelopment projects, the government has decided to amend the MAOA so that instead of 70%, the flat-owners can go ahead with 51% consent. Buildings which have been registered under this Act, including cessed buildings in south Mumbai, will benefit. With the Real Estate Regulatory Authority (RERA) in place, the government is considering amending both MAOA and the Maharashtra Ownership Flat Act.
The CM also announced that if tenants reject a developer in an SRA (Slum Rehabilitation Authority) project, they should appoint a new developer within three months or the SRA would take over the project and would float e-tenders and appoint a new developer. The state is also considering declaring MHADA a special authority for development of 56 MHADA layouts with 2.3 lakh tenements.
