With the redevelopment policy being sent for reconsideration, the revamp of civic markets will be delayed further.
The Brihanmumbai Municipal Corporation (BMC) had proposed a variation in the existing market policy of 2004, which sought to make way for ready reckoner-based FSI incentive instead of the flat-sharing incentive. The civic improvements committee, on Friday, referred the policy to the civic administration for reconsideration. The policy could have a direct impact on at least 25 markets.
Committee members across party lines opposed the policy terming it as impractical. Congress corporator Dharmesh Vyas said, “The administration should make it viable.” Shiv Sena corporator Yashodhar Phanse said, “We all want markets to be redeveloped. There should be uniformity in profit-sharing.”
Of the 92 markets that can be developed, 18 have received a letter of intent — final approval for starting redevelopment. Proposals from 25 markets, however, have
been caught in the crossfire. Though their proposals were accepted and primary approval was granted, the proposals were not cleared by a scrutiny committee. The civic administration cancelled the proposals. The developers then moved the Bombay high court, where the matter is under trial.
Milind Sawant, deputy municipal commissioner (estate department) said, “There is no need to make changes in the policy.”