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State to boost Mumbai airport-area development with TDR benefits

The redevelopment of buildings affected by the funnel zone is a significant issue in suburban Mumbai," said CM Eknath Shinde

Published on: Jul 13, 2024 02:03 PM IST
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Mumbai: Chief Minister Eknath Shinde has announced plans to extend additional Transfer of Development Rights (TDR) benefits to builders for the redevelopment of buildings in the funnel zone of Mumbai's international airport. This move aims to facilitate the long-delayed redevelopment of hundreds of dilapidated buildings in the area.

Shinde has announced plans to extend additional Transfer of Development Rights (TDR) benefits to builders for the redevelopment of buildings in the funnel zone of Mumbai's international airport. (Reuters  file photo)
Shinde has announced plans to extend additional Transfer of Development Rights (TDR) benefits to builders for the redevelopment of buildings in the funnel zone of Mumbai's international airport. (Reuters file photo)

Addressing the legislative Assembly during the concluding week resolution by the opposition on Friday, Shinde stated that the government would soon make a decision on this matter. "The redevelopment of buildings affected by the funnel zone is a significant issue in suburban Mumbai. Currently, redevelopment is not feasible due to height restrictions. If a building is permitted up to 30 storeys, but 40 floors are needed for feasibility, the state government would provide the benefit of 10 floors to the developer in the form of TDR. This would make the projects viable," he explained.

Regarding the cracks that have appeared on the 710-km Samruddhi Expressway between Mumbai and Nagpur, Shinde assured that the contractor would be held responsible, as the defect liability period extends until 2026.

He further emphasised that this contradictory stance reveals the opposition's attempt to exploit the situation for political gain while undermining the welfare of the Maratha community.

 
ABOUT THE AUTHOR
Surendra P Gangan

Surendra P Gangan is Senior Assistant Editor with political bureau of Hindustan Times’ Mumbai Edition. He covers state politics and Maharashtra government’s administrative stories. Reports on the developments in finances, agriculture, social sectors among others.

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