MHADA slashes RR charges for extra area given to tenants of old cessed buildings in Mumbai. Discover how this decision impacts redevelopment, affordability, and tenant benefits.
In a landmark move that brings major relief to thousands of tenants, the Maharashtra Housing and Area Development Authority (MHADA) has reduced Ready Reckoner (RR) charges for additional area allotted to tenants of old cessed buildings in Mumbai. This decision is set to significantly benefit redevelopment projects and ease the financial burden on developers and tenants alike.
🏙️ What Are Cessed Buildings?
Cessed buildings are old structures in South Mumbai and other parts of the city constructed before 1940. These buildings are registered with MHADA and require extensive maintenance or complete redevelopment due to aging and poor infrastructure.
🔍 What’s New with MHADA’s RR Charges?
Previously, tenants who were allotted more area than their original living space had to pay steep RR charges. With this new reduction, the cost of acquiring additional space has dropped significantly, making it more affordable for:
- Existing tenants looking for bigger flats
- Developers managing redevelopment under the DCR 33(7) rule
This change comes as a welcome step in speeding up Mumbai’s aging infrastructure redevelopment.
✅ Key Benefits for Tenants and Developers:
- Lower financial stress on tenants accepting additional carpet area
- Boost to redevelopment projects involving old cessed structures
- More equitable housing opportunities for lower and middle-income families
Read more about MHADA’s role in redevelopment
🏗️ What This Means for Mumbai’s Real Estate
With redevelopment now becoming more financially viable, areas with high concentrations of cessed buildings—like Girgaon, Dadar, Byculla, and Grant Road—may see a spike in real estate interest.
As a trusted property consultant, Sheetal Properties is actively helping clients navigate opportunities in these fast-developing areas. Whether you are a tenant, investor, or developer, this is a great time to explore the potential of redeveloped properties in Mumbai.
Explore our latest Mumbai redevelopment listings
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📞 Connect with Sheetal Properties
For personalized guidance on how this change affects your current or future property plans, contact our expert team:
- Call Now: +91-8422999725
- Email: connect@sheetalproperties.com
- Website: www.sheetalproperties.com
