In a push to revitalize Mumbai’s aging industrial heritage, Deputy Chief Minister Eknath Shinde announced amendments to expedite the redevelopment of old buildings and chawls on former textile mill lands. Speaking in the Legislative Assembly, Shinde addressed the urgent need to modernize these dilapidated structures, which pose safety risks to residents, by introducing incentive Floor Space Index (FSI) provisions for developers.
The changes target residential and commercial buildings on mill lands, where existing rules under Regulation 35(7)(a) of the Development Control and Promotion Regulations (DCPR) 2034 lacked incentives, deterring owners and builders from initiating projects. “Many of these tenements are old and unsafe; redevelopment is crucial to ensure resident safety and unlock urban potential,” Shinde explained. The approved amendments under Section 37(1-KK) of the MRTP Act will provide additional FSI, making projects financially viable and encouraging participation.
This move is expected to benefit thousands of residents in areas like Parel and Worli, facilitating smoother rehabilitation and modern housing. The government has completed the statutory procedures, with notifications set to be issued soon. Shinde urged stakeholders to leverage these changes, aligning with ongoing efforts to amend rules for pagdi buildings and other legacy properties.
Real estate analysts predict a surge in mill land redevelopment, transforming these sites into mixed-use developments while preserving historical elements. This announcement comes amid preparations for BMC elections, signaling the Mahayuti government’s commitment to Mumbai’s urban renewal.
