AFFORDABLE HOUSING – IN JOINT PARTNERSHIP WITH PRIVATE LAND OWNERS/DEVELOPERS.
Maharashtra Housing And Area Development Authority announced the scheme of Joint Venture with private land owners/developers where the Govt. of Maharashtra has announced 2.5 FSI for MHADA.
Chart showing applicability of Joint Venture for corporation limits:
Municipal Corporation Limits
19 – A
N – 2.1 (D) Annexure -5
N – 1.5 (9) Annexure -Q
38 Annexure -U
Affordable Housing :-
The Affordable Houses are defined as area having 27.88 sq.mtr. carpet area for Economical Weaker Section (EWS), upto 45 sq..mtr. carpet area for Lower Income Group (LIG) and upto 80 sq.mtr. carpet area for Middle Income Group.
JOINT VENTURE SCHEME
Based on the above DCR, MHADA has formulated a scheme of Joint Venture with private participation. If land owners/developers having a minimum of 2000 sq.mtr. plot area transfer their land in the name of the MHADA, then MHADA will get higher FSI in respect of schemes in Mumbai, Thane, Kalyan-Dombivali, Bhivandi-Nijampur, Pune, Solapur, Kholhapur, Nashik, Malegaon, Dhule, Jalgaon, Ahmadnagar, Aurangabad, Nanded, Nagpur Municipal jurisdiction. It is expected that this would create Affordable Housing stock in these regions.
MHADA envisages, formulation of a scheme with private developers/land owners. From available 2.5 FSI of the additional FSI over the existing (zonal FSI) 50% : 50% will be shared between MHADA & Developer/Owner. Developer/Owner may handover this FSI to MHADA in a built up form for which MHADA will pay cost of construction to developers/owner, based on District Schedule of Rate (DSR) towards construction cost or carve out the proportional land of MHADA share for self implementation scheme by MHADA. The developer will be eligible to use balance additional 50% FSI for his scheme. Thus total FSI to developer would be zonal FSI + 50% additional FSI.
JOINT VENTURE AGREEMENT
MHADA will enter into an agreement i.e. MOU with the private land owners/developers for such joint development, The draft agreement for project is attached below.