BMC to consider sops for owners of heritage structures | mumbai | Hindustan Times
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BMC to consider sops for owners of heritage structures

With the fear of being left out of any redevelopment privileges fueling the ire of residents and owners of structures on the heritage list, the civic body has decided to review the recommendations submitted by the former heritage committee on financial incentives for the protection and maintenance of listed heritage structures.

mumbai Updated: Sep 22, 2012 01:47 IST
Reetika Subramanian

With the fear of being left out of any redevelopment privileges fueling the ire of residents and owners of structures on the heritage list, the civic body has decided to review the recommendations submitted by the former heritage committee on financial incentives for the protection and maintenance of listed heritage structures.

The proposal, which was put forth by former civic chief Subodh Kumar, is still pending with the state urban development department.

“We will review the recommendations submitted by the former committee on the provision of financial incentives and sops such as additional development rights, tax and loan concessions to owners of heritage structures, and prepare a fresh proposal to be submitted to the state,” said V Ranganathan, chairperson, Mumbai Heritage Conservation Committee.

“The financial incentives will encourage heritage building owners to preserve the listed structures and at the same time, help them make up for losses in case their property is not allowed to be redeveloped,” he added.

The civic heritage committee on Friday decided to freeze the redevelopment nod for structures on the draft heritage list, and decided that henceforth, any approval would require its prior consent.

On Wednesday, HT had reported that 329 structures on the proposed list had already got the nod for redevelopment.