The state urban development department invited objections/suggestions to Mhada’s proposal for amending regulation 33 (5) of Development Control and Promotion Regulations-2034, which will allow the authority to settle for a premium.
The rule prescribes that for all plots in Mhada layouts that are more than 40,000 sq ft and which front an 18-metre wide road on redevelopment will be allowed with an FSI of 4. The additional 1 FSI is to be shared with Mhada on a 33:67 basis, with Mhada getting the larger share, and the entire FSI was to be used by both entities for social housing. Mhada’s share of FSI was to be handed over free.
Mhada proposed that instead of FSI it be allowed to accepting a premium at the rate of 60% of the ready reckoner rate in 35:65 ratio. This time, the society/developer share has been increased to 65%. Also, there is no obligation on the society/developer to use this 1 FSI for creating social housing.
Architect and activist P K Das said the condition must not be changed and Mhada must not be given the option of encashing FSI as it will defeat the very objective of setting it up (to create affordable housing). Activist Chandrashekar Prabhu said under the earlier law Mhada’s share of FSI was 67%, which under the new proposal is reduced to 35%.