We hope that you would find useful the below excerpt prepared by us with reference to the above subject. Background In view of the slowdown in the Mumbai Real Estate Development due to Covid 19 and other Global/National economic challenges the Urban Development Department of the Mantralaya (Maharashtra) has considered and partially accepted the recommendations made by the Deepak Parikh Committee for policy changes to add stimulus to the Real Estate Industry in Mumbai. Intent Add stimulus to the Real Estate Industry in Mumbai Allow policy benefits to trickle to end-users.

Draft CRZ Notification 2018.

Background
The Ministry of Environment and Forests had issued the Coastal Regulation Zone (CRZ) notification on 19/Feb/1991 for the protection and conservation of the coastal environment. On 6/Jan/2011, these regulations were revised to address required improvements and customization basis the type of coast and prevailing usage. Now is 2018, it is proposed to issue a further updation/revision to the CRZ Regulations to make these regulations more relevant to the current day.

Facility of Deferment of Premium for Fungible FSI for SRA Projects

Background

On 6/January/2012, the MCGM had allowed for Fungible Compensatory FSI against the payment of premium to deter the illegal/irregular uses of balconies, flower beds, niches etc. which had become rampant in Mumbai. All such areas/features susceptible to irregularities of use were accordingly included in the FSI calculation.

No Escalation in Ready Reckoner Rates for Mumbai in 2018-19

Background

Every financial year the Chief Controlling Revenue Authority and Inspector General of Registration, Maharashtra State, publish the annual table of rates.

Fire Safety Codified Requirements for Warehouse and NOC from C.F.O. not required for plot area less than 900 sqm and BUA less than 1400 sqm or storage excluding inflammables, explosives and chemicals.

Background
The Mumbai Fire Brigade works in parallel with the MCGM to review compliance of buildings with fire safety norms. With reference to the same it issues a C.F.O NOC required by the MCGM with reference to building approvals validating compliance of Fire Safety Norms.

CFO Scrutiny Fee Revised

Background
The Mumbai Fire Brigade charges scrutiny fees for issuance of the review of buildings and to issue C.F.O NOC required by the MCGM with reference to building approvals.

Change in Parking Requirements for Information Technology, Biotechnology and Nano Technology Parks

Background
The Urban Development Department of the Government of Maharashtra has issued a notification as dated above modifying the parking requirements for Biotechnology Parks while indicating a future review for a probable modification of the parking requirements for Information Technology and Nano Technology Parks.

Permission to Develop Reservations in Parts

Background
As per the notification dated 2nd May 2017, reservations under recreational and educational were not allowed to be developed partly. The current notification is proposed to delete this condition that these reservations under reference cannot be developed partly.

Permission to carry on the construction which has been prohibited due to the Mumbai dumping ground concerns

Background
On the 26th and 29th of February 2016, the High Court of Mumbai had ordered that development permissions/IOD shall not be granted for building proposals submitted from 1st March 2016. This order was passed to remediate the shortage of dumping space in Mumbai at Mulund and Deonar. The said directive is to hold until a waste treatment capacity for handling the waste received at these dumping grounds is aptly created as per the necessary regulatory standards.