To make it easier for tenants in old BDD chawls to vacate their premises and to encourage more tenants to cooperate, MHADA has decided to provide eligible tenants with 11 months’ rent in one installment. This decision follows an initial payment of 11 months’ rent, which was given to tenants at the beginning of the project.

In the BDD Chawl Redevelopment Project, eligible tenants, who have not opted for transit camp accommodations provided by MHADA, will receive this rent. Initially, tenants were given 11 months’ rent in advance and it was decided that after this instalment they will be given rent on monthly basis. However, tenants requested that the rent be given in a lump sum for the next 11 months as well. Responding positively to this demand, MHADA’s Vice President and Chief Executive Officer, Mr. Sanjeev Jaiswal, approved this proposal.

According to this decision, this policy will continue until tenants are relocated to the new rehabilitation units. Eligible tenants, verified by the concerned Executive Engineer, will receive 11 months’ rent in one installment. If the stay extends beyond 11 months, tenants will receive the corresponding rent for the duration of their stay. Rent will be provided based on the actual duration of stay, not just a blanket 11 months.

The BDD Chawl Redevelopment Project spread over 92 acres of land is the biggest ever project of urban renewal and is the most ambitious project of urban of the Maharashtra Government, with redevelopment work progressing rapidly at Worli, Naigaon, and N.M. Joshi Marg-Lower Parel. Under this project, eligible residential tenants are provided accommodations in transit camps by MHADA. However, due to a shortage of available units, tenants are given the option to receive rent instead. Eligible residential tenants, who do not prefer transit accommodations are given ₹25,000 per month as rent by MHADA. Similarly, non-residential tenants also receive ₹25,000 per month as compensation.

Lottery for Allocation of Rehabilitation Units for Worli Project Tenants Next Week

The computerised lottery for allocation of rehabilitation units to eligible tenants in the Worli BDD Chawl Redevelopment Project will be held next week.

Also Read: MHADA Reduces interest on delayed payments of development charges from 18% to 12%

You May Also Like

Property Prices Surge Across India’s Prime Residential Markets in 2024 Amid Rising Costs

Property prices in India’s prime residential markets saw a significant rise in 2024, with Delhi NCR experiencing a 49% YoY surge. The increase is driven by demand for luxury homes, escalating costs of building materials, and labor. Other cities like Mumbai, Bengaluru, and Pune also reported double-digit price growth. Despite a slowdown in Hyderabad, the overall trend highlights a growing demand for high-end properties, especially in key markets like Delhi NCR. However, the surge raises concerns about affordability, prompting calls for policy adjustments to ensure broader access to housing.

Tax Exemption Boosts Housing Demand in Tier 2 Cities, Supply Yet to Catch Up

The recent Union Budget’s income tax exemption for individuals earning up to ₹12 lakh annually is expected to boost demand for affordable housing, particularly in Tier 2 cities. While sales continue to rise, a supply crunch due to fewer new project launches remains a challenge. Experts suggest that reinstating the 100% tax deduction on profits from affordable housing projects under Section 80-IBA could help bridge the gap between demand and supply, ensuring balanced market growth.

In absence of agreement, during cancellation, builder to refund booking amount

Agreement of sale is important, but in absence of the agreement, the…

Harshad Mehta Scam Echoes: Prime Juhu Flat Heads to Auction in Ongoing Recovery Drive

Three decades after the Harshad Mehta securities scam shook India’s markets, a prime Juhu flat owned by his late associate Sushila J Shah is up for auction. Valued at 1,150 sq ft in upscale Vandana CHS, this sale follows previous disposals like the Dalamal Chambers unit, as authorities push to recover billions in losses.