The BMC has invited landowners and developers to construct and handover residential and commercial tenements of about 300 sq ft carpet area to BMC on private plots in five zones under its jurisdiction.
The BMC intends to rehabilitate project affected persons (PAPs) by building 35,000 tenements across the city and about 5,000 per zone. The PAPs are those affected due to the construction of roads, bridges, storm, water drains, nullah/river widening, laying of storm water drains, DP reservation. The landowners will be offered land TDR and construction TDR and credit notes for the costs incurred.
The BMC floated tenders thrice in the past over one-and-a half year and faced a poor response. The civic body needs to accommodate thousands of PAPs across the city.
BMC intends to construct around 5000 tenements per zone. It may increase the number of tenements in a particular zone, depending on the need. The residential tenements will have an average area of 300 square feet, even if PAPs have tenements of smaller size. However, the commercial tenements will be accordingly to size that the PAP was in possession.
The BMC will pay the landowner/developer in the form of land TDR and construction TDR, besides credit notes among other. This way, it won’t have to pay cash immediately which would have affected its cash flow. A landowner/developer can use the credit notes to pay taxes and premiums to BMC or even sell credits notes.
The earlier tenders received bids for constructing tenements for PAPs at Mulund, Bhandup Prabhadevi and Chandivali. While in Mulund BMC is building 7439 tenements, in Bhandup 1903 tenements and about 529 in Prabhadevi. All this in the approval stage. However, the Chandivali proposal has not seen a progress.