Maharashtra government shall approve the city's new development control plan (2012-2034) by next week along with a transition policy, which will state the procedure in case builders want to amend their plans for ongoing projects in accordance with the new plan. The 1991-2012, DCPR will lapse on August 31.

Media reports state that the DCPR provisions have been finalized on Friday in a meeting between urban development department's principal secretary, Nitin Kareer with civic chief Ajoy Mehta. The state government is now required to give its nod to release DCPR for implementation.

Our Take

The new DCPR has important features like the provision for higher floor space index (FSI) and flexible transferable development rights (TDR) along with opening up of large portion of non-development zone land for redevelopment. The new DCPR will help boost the affordable housing and slum redevelopment. Read here to know more.

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