Maharashtra Housing Minister asks MHADA to issue notices for redevelopment of LIC's 68 cessed Mumbai buildings
cessed buildings owned by the Life Insurance Corporation of India (LIC) in Mumbai, the Housing Minister of Maharashtra Atul Save has directed the Maharashtra Housing and Area Development Authority (MHADA) to issue notices to the LIC.
These notices will be issued under the newly introduced section 79 (A) of the Maharashtra Housing and Area Development Act, 1976. The new section deals with the redevelopment of cessed buildings that are declared as dangerous by the Municipal Corporation of Greater Mumbai (MCGM).
These 68 buildings have a total 1,764 tenants across 39 such buildings in South Mumbai’s Fort area, 18 in Girgaon, 8 in Dadar and 3 in Matunga locality.
Of these, around 815 are residential tenants and 949 are occupying non-residential units.
Housing Minister Save has directed the MHADA officers to initiate the redevelopment of the 68 old and dilapidated LIC buildings through the novel provision 79 (A) of the Maharashtra Housing and Area Development Act.
In line with this legislative provision, MHADA will issue notices for redevelopment proposals of these buildings to LIC. Within a stipulated time frame of 6 months, LIC will be required to submit their redevelopment proposal, MHADA said in a statement.
Failing to do so within the designated period, the occupants of these buildings will be given the opportunity to submit the redevelopment proposal within a period of 6 months.
If these efforts falter, MHADA will undertake the redevelopment by acquiring the land, as sanctioned by the new amendment in the MHADA Act.
