Advertisement
When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
Deputy CM Shri Eknath Shinde has announced that the Maharashtra government will explore the use of Transfer of Development Rights (TDR) for buildings in Mumbai's airport funnel zone, which face height restrictions delaying redevelopment. The move, benefiting over 6,000 buildings and nearly 6-8 lakh residents in Vile Parle, Santacruz, Kurla, and Ghatkopar, aims to allow developers to compensate for lost floor space through TDR, making projects viable. Additionally, MHADA is expediting the redevelopment of dilapidated cessed buildings, appointing a full-time land acquisition officer and issuing notices to 854 owners. The initiative aligns with similar TDR models used in Delhi, easing Mumbai's housing shortage while ensuring aviation safety.
Deputy Chief Minister Shri Eknath Shinde has announced that the state government will explore the possibility of allowing construction TDR (Transfer of Development Rights) for buildings in Mumbai's airport funnel zone, which have faced redevelopment delays due to height restrictions. The decision, which will be implemented on a "no profit, no loss" basis, could help unlock the redevelopment potential of over 6,000 buildings across Vile Parle, Santacruz, Kurla, and Ghatkopar, benefiting around 6-8 lakh residents. Advertisement
Shinde, who also oversees housing and urban development, explained in the assembly that the TDR scheme could allow developers to exceed current height restrictions. For example, if a building is eligible for 20 floors but can only build 10 due to height limits, developers would be able to use TDR to make up for the loss of floor area. This move aims to make redevelopment projects more feasible and attractive to developers, while ensuring that land around the airport's flight paths remains safe.
The airport funnel zone includes areas directly in line with the paths taken by flights during takeoff and landing, where strict height regulations are in place to avoid interference with aviation safety. TDR, which enables developers to build beyond usual limits in exchange for providing housing for slum dwellers or surrendering land for public use, has been successfully used in several areas of Mumbai to facilitate redevelopment.
Additionally, the Maharashtra Housing and Area Development Authority (MHADA) will soon appoint a full-time land acquisition officer to expedite the redevelopment of cessed buildings in the island city, which have been declared dilapidated and unsafe. MHADA has already issued notices to 854 owners of such buildings, with 67 owners submitting redevelopment proposals. Of these, 30 proposals have been approved.
This initiative is part of broader efforts to revitalize old, unsafe buildings in Mumbai. As part of this, MHADA will prioritize redevelopment in areas like Kamathipura and Umerkhadi, with tenders expected to be floated soon. The government has also introduced a new policy that allows cooperative housing societies to take over redevelopment projects if the building owner fails to submit a proposal within six months.
Similar TDR-based initiatives have been used in other cities to unlock potential for high-rise redevelopment in areas with strict building regulations. In Delhi, for example, the Delhi Development Authority (DDA) used TDR to incentivize developers to invest in the redevelopment of underutilized plots in high-density zones near airports. This has not only helped in meeting the growing demand for residential properties but also contributed to urban renewal in the capital city.
The move in Mumbai is expected to significantly ease the housing shortage and address the concerns of developers who have long been hindered by height restrictions in the vicinity of the airport. As the government seeks to clear backlogs in redevelopment projects, the introduction of a full-time land acquisition officer and the faster processing of approvals should also help streamline the process and minimize delays.
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
