The Maharashtra Government has proposed key amendments to the Development Control and Promotion Regulations (DCPR) 2034 to improve the financial viability of redevelopment projects in Mumbai. The move aims to accelerate stalled housing redevelopment schemes and promote efficient urban renewal, especially across layouts managed by the Maharashtra Housing and Area Development Authority (MHADA).
Currently, under DCPR 2034, developers can obtain additional fungible construction area without premium only on the existing built-up area. The new proposal suggests extending this benefit to the rehabilitation component of redevelopment projects as well. This means developers undertaking MHADA redevelopment could gain extra construction space on the rehab portion without paying an additional premium, thereby improving project feasibility.
The government has also proposed revisions to Regulation 33(5) of DCPR 2034. As per the current provision, developers are allowed to acquire additional Floor Space Index (FSI) up to 3.00 by paying a premium calculated solely on the existing built-up area. The proposed change would enable this calculation to cover the entire rehabilitation entitlement area, not just the existing portion. This adjustment is expected to significantly enhance the economic viability of large-scale MHADA redevelopment projects in the city.
According to the Urban Development Department (UDD), the suggested modifications are designed to unlock several delayed redevelopment projects, especially those involving old and congested layouts. The move aligns with the government’s broader mission to upgrade Mumbai’s housing stock, provide safer homes to residents, and stimulate real estate activity.
The government has also invited objections and suggestions from the public regarding these proposed amendments under Section 37(1AA) of the Maharashtra Regional and Town Planning (MRTP) Act, 1966. Feedback will be considered within a one-month window before finalising the regulatory changes.
Once implemented, these changes could strengthen Mumbai’s redevelopment framework by offering developers better financial incentives while ensuring timely rehabilitation for existing occupants. The initiative reflects the state’s continued focus on revitalising urban housing infrastructure and fostering sustainable development across the Mumbai Metropolitan Region.
Also Read: DLF bags ₹16,000 crore from 221 luxury flats in Gurugram
