MHADA to issue redevelopment NOCs within 6 weeks: Jaiswal
Real Estate

MHADA to issue redevelopment NOCs within 6 weeks: Jaiswal

In a major boost to Mumbai’s redevelopment momentum, Mr. Sanjeev Jaiswal, IAS, Vice President and CEO of MHADA, announced that No Objection Certificates (NOCs) for the redevelopment of old cessed buildings submitted under Section 79A(1a) or 79A(1b), along with 51 per cent resident consent, will be issued within six weeks. The directive, declared at MHADA’s 2nd Redevelopment Conference and Investors Summit, brings these approvals under the Right to Service Act. If delayed beyond the stipulated timeframe, the NOC will be deemed approved.

The event, held at MIG Club, Bandra (East), brought together key industry leaders including Mr. Boman R. Irani, Mr. Domnic Romell, Mr. Gautam Chatterjee, Dr. Niranjan Hiranandani, Mr. Prashant Sharma, and Mr. Rajan Bandelkar, among others.

Mr. Jaiswal noted, “If all stakeholders honour their commitment, the goal of constructing 8 lakh affordable houses in the MMR over the next five years can be met.” MHADA's projected investment is Rs 6,609 crore, with developers expected to contribute Rs 1.28 lakh crore. Projects at GTB Nagar, Abhyudaya Nagar, Motilal Nagar, and BDD Chawls were identified as immediate priorities.

Key reforms shared included FSI 3.00 or rehab + 75–100 per cent incentive FSI for both cessed and non-cessed buildings, with surplus tenements from 33(9) schemes to be used for transit without prior approval from MCGM or MMRDA. Premiums on combined schemes will be calculated on the smaller plot area. Financial relief measures include a 13 per cent reduction in interest rates, instalment-based premium payments, and GST relaxation on rehab units.

MHADA will also act as the nodal agency for affordable rental housing, with proposals such as a Rental Housing Index, 100 per cent income tax exemption for rental income for 10 years, and the use of unused MHADA land for rental developments. Inclusive housing norms were discussed, including fixed tenement pricing at 125 per cent of DSR and restrictions on subdivision for plots under 4000 sq.m.

The MMR Growth Hub plan aims to deliver 7.82 lakh housing units through a 60:40 sale-to-rehab model, with unit costs averaging Rs 50 lakh. Nearly 13,000 cessed buildings have been identified for redevelopment.

Mr. Jaiswal concluded with an appeal: “Whichever project they undertake, it must be completed on time, houses must be delivered as per the committed schedule, and there should be no injustice to the rehabilitation component under any circumstances.”

In a major boost to Mumbai’s redevelopment momentum, Mr. Sanjeev Jaiswal, IAS, Vice President and CEO of MHADA, announced that No Objection Certificates (NOCs) for the redevelopment of old cessed buildings submitted under Section 79A(1a) or 79A(1b), along with 51 per cent resident consent, will be issued within six weeks. The directive, declared at MHADA’s 2nd Redevelopment Conference and Investors Summit, brings these approvals under the Right to Service Act. If delayed beyond the stipulated timeframe, the NOC will be deemed approved.The event, held at MIG Club, Bandra (East), brought together key industry leaders including Mr. Boman R. Irani, Mr. Domnic Romell, Mr. Gautam Chatterjee, Dr. Niranjan Hiranandani, Mr. Prashant Sharma, and Mr. Rajan Bandelkar, among others.Mr. Jaiswal noted, “If all stakeholders honour their commitment, the goal of constructing 8 lakh affordable houses in the MMR over the next five years can be met.” MHADA's projected investment is Rs 6,609 crore, with developers expected to contribute Rs 1.28 lakh crore. Projects at GTB Nagar, Abhyudaya Nagar, Motilal Nagar, and BDD Chawls were identified as immediate priorities.Key reforms shared included FSI 3.00 or rehab + 75–100 per cent incentive FSI for both cessed and non-cessed buildings, with surplus tenements from 33(9) schemes to be used for transit without prior approval from MCGM or MMRDA. Premiums on combined schemes will be calculated on the smaller plot area. Financial relief measures include a 13 per cent reduction in interest rates, instalment-based premium payments, and GST relaxation on rehab units.MHADA will also act as the nodal agency for affordable rental housing, with proposals such as a Rental Housing Index, 100 per cent income tax exemption for rental income for 10 years, and the use of unused MHADA land for rental developments. Inclusive housing norms were discussed, including fixed tenement pricing at 125 per cent of DSR and restrictions on subdivision for plots under 4000 sq.m.The MMR Growth Hub plan aims to deliver 7.82 lakh housing units through a 60:40 sale-to-rehab model, with unit costs averaging Rs 50 lakh. Nearly 13,000 cessed buildings have been identified for redevelopment.Mr. Jaiswal concluded with an appeal: “Whichever project they undertake, it must be completed on time, houses must be delivered as per the committed schedule, and there should be no injustice to the rehabilitation component under any circumstances.”

Next Story
Infrastructure Urban

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Next Story
Infrastructure Transport

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Next Story
Infrastructure Transport

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?