In an effort to protect the city’s notified heritage, the civic body’s heritage committee is planning to set up a new system to regulate financial incentives for owners of heritage properties.
While owners will be able to avail of additional floor space index (FSI) in some other part of the city, they will also have to ensure the upkeep of their heritage properties and submit regular reports to the committee.
The Mumbai Heritage Conservation Committee will submit a proposal to the state government next month.
“While financial incentives will motivate owners to retain their heritage buildings, they may avail of the additional benefits without attending to the heritage properties. If the earnings through the additional FSI are spent elsewhere, we fear the notified heritage property might collapse,” said V Ranganathan, chairperson, Mumbai Heritage Conservation Committee.
“Through this system, a part of the money that is valued for the additional FSI will have to be applied for the maintenance of the heritage properties.”
The former heritage committee headed by Dinesh Afzalpurkar had also proposed a list of guidelines, including provision of financial incentives and setting up a special heritage zones.
According to heritage experts, provisions for financial regulations should have been notified before the publication of the proposed heritage list in July this year.
“As there were no clear provisions for financial incentives, there was a hue and cry about granting heritage status to properties. Had there been adequate financial provisions, the list would not have been subjected to so many objections,” said a former heritage committee member.