Naredco organizes successful seminar on Revised Draft DP & Regulations 2034


By Accommodation Times News Service

National Real Estate Development Council (NAREDCO) in association with Practising Engineers, Architects, Town Planners Association (PEATA) India, conducted a knowledge seminar on the draft of the Development Plan (DP) and Development Control Regulations (DCR) 2034 published by Municipal Corporation of Greater Mumbai (MCGM) on 25th May 2016. The seminar witnessed an in depth analysis of the recent revisions made by MCGM in the Draft DC Regulations. MCGM officials apart from PEATA and NAREDCO members deliberated on few of the important revised topics from the Draft DC Regulations.The objective of the seminar was to attract more suggestions from the developer fraternity on the revised DCR, which can be submitted to the MCGM.

Niranjan Hiranandani, President, NAREDCO West Foundation congratulated Shri Ajoy Mehta, Commissioner, Municipal Corporation of Greater Mumbai (MCGM) on his efforts in adding & conceptualizing 300 acres of area through Reclamation of land to create an open space  in South Mumbai. He also added that the entire future of the Real estate Industry in terms of history & geography is being rewritten by Shri. Ajoy Mehta and his team by giving a new dimension to the development of Mumbai City. Emphasizing on Affordable Housing in Mumbai he highlighted the huge taxation which is becoming a hurdle in executing these projects in Mumbai MMR. He appealed to the commissioner that by reducing the taxes collected by the corporation exclusively for affordable housing can help the state achieve its share of Affordable Housing target. He congratulated Mr. Mehta and his team in bringing out the revised DCR in a very planned and transparent manner.

Mr. Ajoy Mehta, Commissioner, MCGM said Mumbai is now moving to become commercial capital of South East Asia. Innovation is allowing service industry to grow exponentially in the city. He also stated that the animation sector in Mumbai is growing in a very rapid pace bringing in huge demand from the work force, which experts believe is a good sign of progress. He emphasized the need of improving the conditions of municipal schools in Mumbai and the women work force contribution as the city is growing to become the commercial capital of South East Asia. He underlined that the skilled work force would work to uplift the standard of education. Talking about the working population, he said that only 16% of this is women, which is shocking, so, by 2034, he wants to upgrade women’s work force to 25%. His aim is also to build more safe houses, public convenience and toilets for women in the city. He stressed on building assisted living (old age) in Mumbai and would work to build economic lives for the -fulfilment of differently abled people. In order to meet the affordable housing target in Mumbai, Mr. Mehta suggested that a joint development between the government agencies and private developers is also an option that can be considered. Mr. Mehta also appreciated the efforts of Development Plan department of MCGM on completing this mammoth task of revising the DCR 2034 in a very timely manner. He concluded by thanking NAREDCO and PEATA office bearers for organizing this knowledge seminar in the suggestion objection period.

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