Maharashtra govt sanctions Mumbai Development Control and Promotion Regulations 2034

Maharashtra government has sanctioned the Mumbai Development Control and Promotion Regulations 2034 (DCPR) by issuing a corrigendum. The Excluded Part (EP) of Mumbai’s new development control regulations (DCR 2034) was to come into force from October 24. Its implementation was postponed to November 13. “...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. Real estate experts have welcomed the move. “NAREDCO is delighted on the final execution of new Mumbai Development Control and Promotion Regulations 2034 bringing an end to the transition phase which had led to a lot of confusion and non-clarity on the future roadmap for development in the city. The previous situation, where more stringent provisions of the two DPs were to apply, meant new constructions had practically ground to a halt. With sanctioning of the new Development Plan, work at all the on-going projects will resume. The new development plan aims at multifaceted future development in tandem with the robust infrastructure network along the length and breadth of the city. The future development will provide impetus to the additional housing demand in the city encompassing the need of the all the housing segments across the board. It augurs well for home seekers as also for the industry”. ExpressedDr. Niranjan Hiranandani, National President, NAREDCO “The state government had sanctioned Mumbai’s new development plan (DP) in the month of May, however, developers were eagerly waiting for the Excluded Part (EP) of Mumbai’s new development control regulations (DCR 2034) to come into force. As per DCR 2034 slum regulations 33/10 the new apartment sizes of slum dwellers is now changed from 269 to 300 which makes it a bit more spacious for people to live in by 30 sq ft which is a positive take for slum dwellers. Also a good relaxation for  open spaces for redevelopment and SRA projects where the lands are generally having a constraints for the sizes of land and the number of tenements are more. For such  constraints the relaxation below 9 meters for 33/10 and 33/5 schemes is a big boon for customers which will enable development  in cluttered areas to accommodate more number of tenaments in smaller plots. Alongside, additional housing stock in the affordable category may correct prices by some extent facilitating buyers to realize their dream of owning a house in Mumbai. Practical provisions have been seen with changes of premiums accounted over 60% of ready reckoner  to 50% which maps a way towards civilization. Lastly, extent over height approval has been much better and observed to be a progressive move towards development as consumers are given the benefit of FSI with buildings ranged to have stretch of 70 meters restrictive towards higher open spaces. Hopefully, the infrastructure woes lessen and the lives of Mumbaikars improve with the implementation of DP 2034 creating huge avenues of employment and affordable homes.”Said MrParth Mehta, Managing Director of Paradigm Realty.