In a strategic endeavour to rejuvenate Mumbai's urban landscape, Housing Minister Atul Save has focused on the refurbishment of 68 aging cessed structures owned by the Life Insurance Corporation of India (LIC). The Maharashtra Housing and Area Development Authority (MHADA) will issue formal notices under the new section 79 (A) of the Maharashtra Housing and Area Development Act to address the revitalization of these structures deemed hazardous by the Municipal Corporation of Greater Mumbai. Spread across different areas of Mumbai, these buildings house 1,764 occupants. MHADA will facilitate the redevelopment process, with LIC expected to propose comprehensive plans within six months, ensuring a modernized cityscape while preserving its historic charm.
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In a strategic move aimed at revitalizing the urban landscape, Atul Save, the Housing Minister of Maharashtra, has steered the spotlight towards the refurbishment of 68 aged and deteriorating cessed structures owned by the Life Insurance Corporation of India (LIC) in Mumbai.
Under the directive, the Maharashtra Housing and Area Development Authority (MHADA) has been entrusted with the task of issuing formal notices to the LIC. These notices will be drafted in accordance with the recently introduced section 79 (A) of the Maharashtra Housing and Area Development Act from 1976. This new clause specifically addresses the regeneration of cessed edifices that have been designated as perilous by the Municipal Corporation of Greater Mumbai (MCGM).
With a geographical distribution encompassing 39 buildings in South Mumbai's Fort area, 18 in Girgaon, 8 in Dadar, and 3 in Matunga, these 68 structures collectively house 1,764 occupants. Among them, approximately 815 individuals occupy residential spaces, while 949 have set up shop in non-residential units.
Minister Save has issued a resolute directive to MHADA officials, mandating the initiation of the rejuvenation process for the 68 LIC-owned properties, invoking the innovative provision of section 79 (A) within the Maharashtra Housing and Area Development Act. Embracing the provisions of this legislative framework, MHADA is poised to deliver redevelopment proposals for these buildings directly to LIC.
In line with this strategy, LIC is expected to formulate its comprehensive redevelopment proposal within a specified window of 6 months, as confirmed by MHADA in an official statement. Should LIC fail to meet this deadline, the occupants of these structures will be granted a 6-month timeframe to submit their own redevelopment propositions.
In the event of these efforts falling short, MHADA stands prepared to take the reins of redevelopment through land acquisition, as authorized by the recent amendment to the MHADA Act. Minister Save has further clarified that throughout this redevelopment process, LIC will refrain from employing coercive measures against the residents and tenants.
The move is widely seen as a strategic step towards the modernization of Mumbai's aging architectural inventory, providing renewed hope for the preservation of the city's historic charm while ushering in a new era of urban vitality.
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