Approvals for self-redevelopment of societies within three months: Maharashtra government, ET RealEstate

August 31, 2023

MUMBAI: Your dream of a new bigger and better home at the same place where the generations lived for decades is being made further easier.

The processing of self-redevelopment proposals of housing societies will now get faster so that their constructions begin early.

The Maharashtra government — which had recently appointed district zonal officers to clear self-redevelopment proposals — has given yet another boost to such societies by asking its officers to clear applications ensuring all requisite permissions in place within three months of the date of application.

The government has also appointed the central district cooperative banks in each district other than Maharashtra state cooperative bank as the nodal agency for financing these projects.

For the Mumbai region, the Mumbai Central District Cooperative Bank will cater to financial services.

It may be recalled that the state has already reduced stamp duty and registration fees for redevelopment proposals.

The stamp duty for all the members of any housing society under redevelopment will be nominal Rs 100 and the registration fees will also be Rs 1,000.

Under the permanent alternative accommodation agreement (PAAA), those members who did not join the redevelopment agreement were earlier made to pay the stamp duty as per the construction cost.

Earlier, the stamp duty would be charged as per the construction cost at average around Rs 108 per square sq ft from those who would not join the PAAA.

Similarly, the registration fees would come to around Rs 30 per sq ft for them.

The government had also recently issued a GR saying housing societies that will pass a resolution of self-redevelopment with majority and shall apply for deemed conveyance or ownership of the land on which they are situated shall get the same within one month.

As per the earlier resolution any decision on application for deemed conveyance was supposed to be made within six months of the date of application.

The GR had further suggested that the competent authority such as district deputy registrar (DDR) of cooperatives shall have to issue notice to the landowner or builder soon after the housing society submits the resolution and the application.

The zonal officers appointed in every district of MMR will also have to expedite the applications on the same lines.

Maharashtra Societies Welfare Association president Ramesh Prabhu has welcomed the spree of decisions as he said out of 40,000 housing societies in Mumbai city, around 10,000 societies were minimum 30 years old and wanted to go for redevelopment.

In the metropolitan region beyond Mumbai city, that includes Thane, Kalyan-Dombivali, Navi Mumbai, Raigad, Ulhasnagar, Bhiwandi and other municipal corporations, another 10,000 societies that had 30 years old building structures were interested in redevelopment.

Meanwhile, sources said the government would not insist on fool-proof submission of documents if societies lacked any while applying for the deemed conveyance.

Presently, there are several societies whose lands were still owned by the builder even after two to three decades of selling out all the flats.

Mumbai metro region including the city has around 75,000 to 8,000 housing societies spread over Mumbai, Thane, Palghar and Raigad.

In the absence of deemed conveyance the land ownership of housing societies is still in the hands of builders who rent out terraces to cell tower and advertisement companies, besides selling or using parking, TDRs and FSIs to earn money.

  • Published On Aug 31, 2023 at 08:44 AM IST

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