More builders come forward to redevelop old bldgs: MHADA

The Mumbai Building Repairs and Redevelopment Board (MBRRB), an undertaking of Maharashtra Housing and Area Development Authority (MHADA), claims it is seeing gradual improvement in willingness from builders in carrying out redevelopment of old dilapidated buildings including cessed properties. Following the cancellation of old government resolution (GR), reportedly the MBRRB is reporting some improvement in number of files obtained from builders.

The then housing minister Radhakrishna Vikhe Patil had issued the GR which was mandating developers to have turnover of Rs 10-50 crore in three years.

A senior official from MBRRB who did not wish to be named said, "Now due to prevailing COVID situation the number of proposals the board is receiving is low. The cancellation of GR removed the major obstacle.”