BMC’s new policy on dilapidated buildings in Mumbai may boost redevelopment

The BMC has uploaded its new policy on dilapidated buildings on its website, which civic officials say will speed up the redevelopment process. Disputes between tenants and owners often lead to a delay in vacating a building and redevelopment drags on for years, said civic officials. The new policy lists detailed guidelines for declaring private and municipal buildings in the city in C-1 category (dangerous and unsafe); it doesn’t cover Mhada buildings, cess properties, and port trust and defence properties. Under the new policy, the BMC will grant sanction for redevelopment—intimation of disapproval—only after an agreement providing permanent alternative accommodation in a new building or a settlement is arrived at between the tenants and landlord. No commencement certificate will be issued too till then.

Source : ET Realty