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Monthly Bulletin - May Edition - 2007
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6. Brief suggestions for Mumbai  to be incorporated in the "New Housing Policy for Maharashtra".
A. Government agencies should act as facilitator for speedy development and redevelopment of private properties containing old buildings or slums by the owners of the property / private sectors by granting incentives to private owners with minimum FSI 4 (i. e. at par with MHADA/MCGM) or FSI required for rehousing plus 100% more FSI whichever is more for creation of large housing stock in Mumbai.
B. Government should permit the Property Owners to redevelop their properties as per D.C.Regulations 33(7) or new DC Regulation without insisting for 70% consent of Tenants/Occupants and NOC of MBR & R Board / SRA.
C. Further granting equivalent compensatory FSI in lieu of compensation for any surplus area to be surrendered to MBR & Board/MCGM/SRA.
D. Government should concentrate on development and redevelopment schemes on Government lands only for creation of large housing stock for Economically Weaker Sections (EWS), Low Income Group (LIG) etc.
7. Suggestions on Role of Government and other Agencies 
    1. The State Government should
A. Evolve plans & strategies for optimum use of available land resources for sustainable development.
B. Adopt TWO tracks approach i.e. Fast track & slow track.
  • In fast track, beautification of Mumbai, improvement of vital facilities & infrastructure such as airports, modes of transport, public / private participation in up-gradation of heritage buildings, government hospitals and heath services.
  • For slow track, bring about institutional changes / reforms encouraging high returns on investments in Mumbai & Maharashtra.
C. Creation of adequate infrastructure facilities like roads, bridges, water sources connectivity, drainages (water transport, mono rails, under ground railways) and power supply etc.
D. Provide fiscal concessions for housing & infrastructure
E. Offer incentives to Private Owners of the property and private sector in undertaking housing and infrastructure projects.
F. Promote innovative mechanism like mortgage guarantee and title insurance to augment fund for housing sector.
 
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