50% Reduction in Municipal Premiums within MCGM. -6/Jan/2021
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.
Draf CRZ Notification 2018
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.
SRA Fungible Premium Deferment
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.
Ready Reckoner Rates
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.
Exemption from CFONOC Warehousing
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
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.