The Maharashtra government is developing a new housing strategy focused on affordable, sustainable housing, particularly for senior citizens and students, as announced by Valsa Nair Singh, Additional Chief Secretary for Housing. The plan, which includes subsidies for eco-friendly practices, aims to promote green building concepts. Announced at the Ease of Doing Redevelopment (EoDR) exhibition hosted by CREDAI-MCHI, the strategy will simplify redevelopment processes and introduce a redevelopment portal for transparency. The event featured over 40 developers, launching the 'Ease of Doing Redevelopment Report' and fostering collaboration to streamline housing redevelopment in Mumbai, benefiting 900 housing societies.
The Maharashtra government is developing a new housing strategy with a focus on affordable and sustainable housing, as announced by Valsa Nair Singh, Additional Chief Secretary for Housing. This plan will address the housing needs of senior citizens and students, with an emphasis on promoting green building concepts. Singh also highlighted that those adopting sustainable housing practices will receive a subsidy as part of the government's commitment to affordability and eco-friendly construction.
This announcement was made during the Ease of Doing Redevelopment (EoDR) exhibition, which was hosted by CREDAI-MCHI, a leading real estate association in the Mumbai Metropolitan Region (MMR). Singh shared that the new housing strategy is still in preparation and will be announced after it receives approval from the state cabinet. A significant part of the government's efforts will focus on simplifying redevelopment processes, just as the state has streamlined approvals in other sectors. Singh noted the importance of reducing procedural bottlenecks to ensure smoother redevelopment efforts in Mumbai.
One key initiative discussed at the event was the creation of a redevelopment portal designed to increase transparency, speed, and inclusivity in the process. This move follows the clearance of over 100 self-redevelopment projects in the region. The exhibition also highlighted the importance of partnerships between the government and various stakeholders in fostering redevelopment initiatives.
The exhibition brought together more than 40 developers and industry professionals, offering housing societies in Mumbai a platform to interact directly with developers, project managers, and legal experts. Attendees gained insights into government funding for the renovation of older housing stock and the legal frameworks supporting such efforts.
A major highlight of the event was the launch of the "Ease of Doing Redevelopment Report," a research collaboration between CREDAI-MCHI and Hurun India. This report offers a comprehensive guide to navigating the redevelopment process. The event attracted participation from around 40 prominent developers and representatives from 900 housing societies, marking a significant milestone in Mumbai's redevelopment efforts.
For housing societies, the event provided a one-stop solution to explore viable and sustainable rebuilding options, further enhancing the government's commitment to addressing the housing needs of the region.
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