Friday 30 June 2017

Maharashtra CM approves cluster redevelopment in Thane city


 MUMBAI: Nearly three weeks after the Bombay high court cleared the decks for cluster redevelopment in Mumbai suburbs, Thane and Navi Mumbai, chief minister Devendra Fadnavis approved the regulation for the reconstruction in Thane city by implementing the urban renewal scheme.

“This will pave way for redevelopment of old, dilapidated & unauthorised buildings in planned manner & in large public interest,” Fadnavis tweeted on Thursday.

In Thane, cluster redevelopment projects will get an FSI of 4, depending on the width of the road next to the project. To ensure the policy does not further crowd the region, the minimum size of a cluster will have to be 10,000sqm, said an official. Builders will also have to develop public amenities on 25% of the plot, leave 15% for open spaces and implement development plan reservations.

Read all such Property News at CREDAI MCHI – Thane Unit website.

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