State housing agency Mhada has introduced an amnesty scheme to help housing societies obtain long-pending occupancy certificates (OCs) for redeveloped buildings in Mumbai. The scheme aims to benefit around 80 housing societies and will be operational until April 10, 2025.
Key Benefits of the Amnesty Scheme
The amnesty scheme will waive the interest charged on the differential premium amount for redevelopment, making it easier for housing societies to pay the principal amount. Additionally, a 75% waiver on penalties related to unauthorized construction or usage will be granted to buildings redeveloped under the 1991 DC regulations.
Mhada’s Policy Reform: Maintenance Charges and Property Taxes
Mhada has also introduced a policy reform that states maintenance charges and property taxes will be applicable only from the date of possession, not the date of allotment. This change will benefit beneficiaries who have been paying maintenance charges and property taxes despite delayed possession.
Critical Issues Addressed by Mhada’s Amendments
The amendments aim to address critical issues that have been affecting housing societies, including delays in the issuance of OCs due to non-payment of premium differential amount. By waiving the interest and penalties, Mhada’s amnesty scheme will enable housing societies to obtain OCs and proceed with further developmental works.
Reactions from Mhada and Industry Experts
Mhada’s Vice President and CEO, Sanjeev Jaiswal, emphasized that flats and plots remain Mhada’s responsibility until possession is granted. Industry experts and housing society members have welcomed the amnesty scheme, calling it a timely move to address the difficulties faced by housing societies in Mumbai.
