Pune starts working on separate redevelopment policy
Real Estate

Pune starts working on separate redevelopment policy

About 26 out of the total 41 Maharashtra Housing and Area Development Authority (MHADA) colonies in the Pune district are eligible for redevelopment.

The Pune division has commenced the process of drafting a separate redevelopment policy for Pune that will appeal to both developers and tenants since the one being executed in Mumbai cannot be directly copied in Pune.

The 26 layouts include approximately 17,000 homes and are qualified for redevelopment since they are over 30 years old. The Pune Housing and Area Development Board has been trying for these layouts' redevelopment, however, not many developers are coming forward for the redevelopment.

The Pune division is presently conducting a series of meetings with developers and housing societies to comprehend their views and draft a policy framework.

Additional chief executive officer and chief officer of the Pune board, Nitin Mane, told the media that they are talking to developers to know what their issues are and what they anticipate from these redevelopment projects. Additionally, they have collected inputs from tenants as well. The policy will take final shape shortly.

The MHADA project's redevelopment will transform the face of the city.

The recommendations will be submitted to the state government soon for permission.

According to the media, though the Maharashtra government has allowed a floor space index (FSI) of three for the MHADA layouts in Pune, developers are not satisfied with it and have demanded more FSI.

Developers have also emphasised the lower per square foot rate in Pune as compared to Mumbai. The critical task for the authorities is to draft a policy that will delight both developers and residents.

In June, deputy chief minister Ajit Pawar conducted a meeting with the urban development and housing department to talk about the redevelopment of MHADA colonies in Pune.

Pune city has several MHADA buildings that were constructed in 1965 and are now in bad condition. A senior official from the Pune board accepted that the redevelopment work should commence before any casualty associated with these buildings occurs.

Image Source


Also read: MHADA colonies will now receive civic amenities from BMC

Also read: MHADA to take up redevelopment of Patra Chawl in Goregaon

About 26 out of the total 41 Maharashtra Housing and Area Development Authority (MHADA) colonies in the Pune district are eligible for redevelopment. The Pune division has commenced the process of drafting a separate redevelopment policy for Pune that will appeal to both developers and tenants since the one being executed in Mumbai cannot be directly copied in Pune. The 26 layouts include approximately 17,000 homes and are qualified for redevelopment since they are over 30 years old. The Pune Housing and Area Development Board has been trying for these layouts' redevelopment, however, not many developers are coming forward for the redevelopment. The Pune division is presently conducting a series of meetings with developers and housing societies to comprehend their views and draft a policy framework. Additional chief executive officer and chief officer of the Pune board, Nitin Mane, told the media that they are talking to developers to know what their issues are and what they anticipate from these redevelopment projects. Additionally, they have collected inputs from tenants as well. The policy will take final shape shortly. The MHADA project's redevelopment will transform the face of the city. The recommendations will be submitted to the state government soon for permission. According to the media, though the Maharashtra government has allowed a floor space index (FSI) of three for the MHADA layouts in Pune, developers are not satisfied with it and have demanded more FSI. Developers have also emphasised the lower per square foot rate in Pune as compared to Mumbai. The critical task for the authorities is to draft a policy that will delight both developers and residents. In June, deputy chief minister Ajit Pawar conducted a meeting with the urban development and housing department to talk about the redevelopment of MHADA colonies in Pune. Pune city has several MHADA buildings that were constructed in 1965 and are now in bad condition. A senior official from the Pune board accepted that the redevelopment work should commence before any casualty associated with these buildings occurs. Image SourceAlso read: MHADA colonies will now receive civic amenities from BMC Also read: MHADA to take up redevelopment of Patra Chawl in Goregaon

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