March 2018 Vol 01


BMC may give builders FSI relief

The BMC has decided to offer benefits of its soon-to-be-released Development Plan-2034 for the city to builders who, in the past few years or during the one year that the draft DP has been under discussion, carried out construction in excess of allotted floor space index (FSI). Such constructions will be regularized on payment of a penalty, provided the new DP allows for increased FSI on the plot. The city’s new development plan, which is expected to be cleared by the state government, offers more FSI than the existing DP-1991 (see graphic).

This policy of regularizing illegal floors and allowing ongoing or incomplete projects to avail of benefits under the new DP is being termed as the transit policy. Senior officials stated that it would help to reduce corruption as civic engineers are often accused of demanding bribes from developers after first threatening to act against such constructions.

Source: The Times of India, Sunday 4 March 2018

 Anti-Ponzi scheme law may cover state builders

The state government is considering amending the Maharashtra Protection of Interest of Depositors Act (MPIDA) to include developers, CM Devendra Fadnavis told the legislative council on Wednesday. The move will allow builders’ properties to be seized and auctioned, he said.

The MPIDA is chiefly used to book those who float Ponzi schemes and is aimed at recovering investors’ money. Fadnavis said the proposal (of bring builders under its ambit) was now before the law and judiciary department for its opinion. CM Devendra Fadnavis said that the state is considering bringing builders under the ambit of MPIDA, the law that protects investors and is currently used against those floating Ponzi schemes.

Source: The Times of India, Thursday 8 March 2018

Architects to be liable for bldg flaws

Architects and other professionals associated with building construction will be held liable for structural flaws in a building for 10 years from the date of issue of completion certificate. The state urban development department said liability is being fixed as the World Bank, in its observations in its report ‘Doing Business, 2017’ “marked high importance to the provision of latent defect liability period in quality control index and Mumbai’s Development Control Regulations do not provide for it.

The notification holding architects, license surveyor, structural engineer, site supervisor/ engineer, construction company including contractor, sub-contractor, consultants appointed for various activities responsible for structural defects was issued on Wednesday. The notification said it will be applicable for buildings with a built-up-area 750 sq metres and above for 10 years from the date of granting an OC. They will not be liable only in case of natural calamities and damage due to war and riots.

Source: The Times of India, Thursday 8 March 2018

MahaRERA hears 50% of cases, levies Rs.50,000 to Rs.10L penalties

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has heard 900 out of 1,800 complaints and levied penalties ranging from Rs 50,000-Rs 10 lakh on developers for violations from August 2017 to February 2018. A recent assessment of cases uploaded on the MahaRERA site listed those figures. The conciliation bench, from March 10, is set to further reduce plaints, officials said.

“We have a 50% record in hearing cases and the rest will be heard as it is mainly due to incomplete documents. With the conciliation bench to be operational from March 10, cases coming to us will reduce,’’ said MahaRERA officials. MahaRERA has 15,000 projects registered and awareness is being created to register all ongoing projects. Complaints are registered only of registered projects. “Of complaints registered with us, we have disposed of plaints that do not fall under our jurisdiction, and for others we have passed orders pertaining to each case. We levied fines from Rs 2 lakh to Rs 10 lakh depending on violations,’’ the officials said on Thursday.

Source: The Times of India, Friday 9 March 2018

Keep Ready Reckoner rates steady, says panel

A sub-committee of ministers has suggested no increase in the Ready Reckoner rates in the Mumbai Metropolitan Region (MMR) this year and the apex body of builders wants the same policy across the state to boost the ailing real estate sector. Ready Reckoner rates are assessments of property values by the state government, on the basis of which stamp duty and registration charges are paid. The government usually revises the rates every April 1.

The state government had appointed the sub-committee under the chairmanship of revenue minister Chandrakant Patil, finance minister Sudhir Mungantiwar, housing minister Prakash Mehta and health minister Deepak Sawant. The recommended continuation of the 2015-16 rates in MMR, said sources. The recommendations are with chief minister Devendra Fadnavis.

Source: The Times of India, Tuesday 13 March 2018

Extending rooms into Balcony to be legalised

A sub-committee of ministers has suggested no increase in the Ready Reckoner rates in the Mumbai Metropolitan Region (MMR) this year and the apex body of builders wants the same policy across the state to boost the ailing real estate sector. Ready Reckoner rates are assessments of property values by the state government, on the basis of which stamp duty and registration charges are paid. The government usually revises the rates every April 1.

The state government had appointed the sub-committee under the chairmanship of revenue minister Chandrakant Patil, finance minister Sudhir Mungantiwar, housing minister Prakash Mehta and health minister Deepak Sawant. The recommended continuation of the 2015-16 rates in MMR, said sources. The recommendations are with chief minister Devendra Fadnavis.

Source: Mid-Day, Saturday 10 February 2018

UK firm to design Navi Mumbai airport terminal

The GVK-led Navi Mumbai International Airport Pvt Ltd on Wednesday announced that it has appointed Zaha Hadid Architects (ZHA) to design the airport’s Terminal 1 and ATC tower. The London-based firm, that has a portfolio of over 950 projects across 44 nations, was selected on completion of an intensive 12-week fasttrack design competition among the best
international architecture firms shortlisted by GVK. This will be ZHA’s first major project in the Indian sub-continent.

Source: The Times of India, Thursday 15 March 2018

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