India, Nov. 19 -- The state cabinet on Tuesday approved a policy for the integrated and cluster redevelopment of Maharashtra Housing And Area Development Authority Housing (MHADA) colonies of 20 acres or more in Mumbai city and its suburbs. Significantly, the government has decided that obtaining individual consent from residents will not be required "since the policy provides the highest possible rehabilitation Floor Space Index (FSI)". Developers appointed through the tender process will be required to obtain a consent resolution from the respective housing societies.
The press note claims that the policy will make a large number of affordable homes available for citizens in Mumbai city and its suburbs. The claim is that the redevelopm...
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