Self-redevelopment is a trend that is slowly making its way in Mumbai’s real estate market where housing societies who do not wish to go with a developer, choose to redevelop their own buildings. However, it is yet to assert its claim in the redevelopment market. The Maharashtra Societies Welfare Association (MSWA), an apex body of housing societies, has formed a study group under the chairmanship of Subhash Lalla, IAS (Retd). The study group comprising of various top officials, architects and others is talking to various stakeholders and will be submitting its study to government and the allied authorities who deal with redevelopment. There are close to 20,000 building both in city and suburbs which need redevelopment in the coming future.
The aim of the group is to prepare a detailed manual, for implementing self-redevelopment. “As a social cause, the MSWA has taken cognizance of this issue and formed a study group along with experts in the various field who will study the issue with pros and cons and submit its report to the government for taking the necessary decision in the matter,” said Ramesh Prabhu, Chairman, MSWA. Apart from Lalla, retired government officers, practising architect, engineers, advocates, chartered accountants have been included in the study group. The objective of the study group is to study the existing stuck redevelopment projects and the methods to complete the project by self-redevelopment or by another means.
The group will interact with all the stakeholders like PEATA, MCHI, NAREDCO, builders’ association, project management consultants, contractors, cooperative society’s federation, banks and also incorporate their suggestions and also suggest them the best practices. It will also prepare a detailed manual for implementing the self-redevelopment in Mumbai and other areas in Maharashtra. After the study is completed the group will send the complete report to all the government departments like Urban Development, Revenue Department, Housing Department, Cooperative Department , Law and Judiciary Department, MCGM, CIDCO, MMRDA, SRA, MHADA, connected with redevelopment.