Now, Mhada Cancels ₹10l Fee For Noc Revalidation, Real Estate News, ET RealEstate

November 1, 2023

MUMBAI: In a major victory for the city’s developers, Maharashtra Housing Area Development Authority (Mhada) has reversed its decision to charge an annual fee of Rs 10 lakh for revalidation of its no objection certificate.

In September this year, Mhada CEO and vice-president Sanjeev Jaiswal had hiked the fee from Rs 20,000 to Rs 10 lakh “to discourage builders from blocking or stalling redevelopment of old and dilapidated buildings”.

Instead, now for the first six months, Mhada has offered an amnesty scheme to revalidate all pending NOCs for Rs 1 lakh, irrespective of the plot area. Once the amnesty scheme period is over, any pending NOC will be revalidated by paying Rs 5 lakh per year.

Thereafter, for all NOCs that are valid and come up for revalidation, the fee will be charged as per the plot area, the minimum being Rs 50,000 for a 500-square-metre plot and maximum Rs 6 lakh for an 8,000-sq-m plot.

Credai-MCHI, a representative body of the real estate industry, had taken up the issue of the steep increase in fees with the state housing department.

  • Published On Nov 1, 2023 at 08:19 AM IST

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