By Accommodation Times News Services
Any projects of private developers involving over 100 acres of land and located in close proximity to a transportation hub would qualify for incentives under the ‘Smart City Centre’ scheme.
State government in its draft housing policy states smarty city plan in Mumbai Metropolitan Region (MMR), it has identified several Municipal Corporations such as Thane Municipal Corporation, Mira-Bhayander Municipal Corporation, Kalyan-Dombivli Municipal Corporation, Vasai-Virar Municipal Corporation, etc., which fit within the eligibility criteria of existing city with a population between 1-4 million.
It is proposed that all satellite towns within MMR limits, will be earmarked as the prime candidates within Maharashtra for becoming smart cities. MCGM will also undertake its own ‘Smart City Initiatives’ simultaneously.
For any projects to be classified as a ‘Smart City Centre’ in these satellite towns, it should be located within the Municipal Corporation limit of the respective Municipal Corporation and should be within the developable zone and its existing Development Plan and also should be within reasonable distance of not more than 1-2 km’s from transportation hubs such as railway stations, etc. An important thrust of the ‘Smart City Centre’ project would be the concept of walk to work and also creation of affordable housing within the smart city centre project.
Also any projects of private developers involving over 100 acres of land and located in close proximity to a transportation hub would qualify for incentives under the ‘Smart City Centre’ scheme. The developers with over 100 acres of developable residential/commercial zone land situated in MMR limits would be entitled to form a joint venture for development of the land with MHADA.
This joint venture will not entail any transfer of land to MHADA, authorities will only be the facilitator and Special Planning Authority (SPA).
The joint venture will entail an agreement between the developer and MHADA to develop the land under which the developer will be entitled to FSI of 4.00 on gross plot area including roads, reservations, etc.
In all such cases, MHADA will be the SPA and will provide clearance to the project under a single window clearance scheme and after its approval necessary intimation will be sent to the regional planning authority or the Municipal Corporation as the case may be.
The developer will be required to construct all buildable reservations existing within the land and hand over the same to the local planning authority and the built up area for such buildable reservation shall not be counted in the computation of FSI. All non-buildable reservation will also be provided within the layout and same will be handed over to the local planning authority.
The gross FSI of 4.00 shall be divided into two portions i.e. 75% of the built up area shall be permitted to be constructed for housing/commercial/etc. by the developer. 25% of the built up area shall be used for construction of affordable housing. Out of this 25% area, 50% of the built up area shall be handed over to MHADA free of cost to enable MHADA to further sell this by way of open lottery/transparent allotment. The balance 50% will be available to the developer for sale.
The developer will pay premium at 60% of the Ready Reckoner Rate for extra FSI beyond the zonal FSI (excluding the 25% affordable housing component) to MMRDA for infrastructure creation.
The developer will implement the norms of the Government of India for ‘Smart Cities’ in the project. This will be the key feature of the development.
The UDD and Housing Department will notify the detailed regulation in this regard within 3 months.