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President of India signs off on amendments to the MHADA Act

Earlier this week the President of India signed off on the proposed amendments to the MAHDA Act 1976, paving the way for owners and tenants to initiate development of a building once categorised by the civic body as dangerous. Presently over 50 building in Mumbai has been declared dangerous. Society members of these building were unable to start the redevelopment process but were being made to pay CESS for the same. With this new development tenants and owners can now apply for redevelopment easily, reducing the time otherwise spent procuring requisite permissions and cooperation from other entities. Further, should the tenants or owners fail to take action to improve such ‘dangerous’ building, the amendments will now allow MHADA to take matters into their own hands and begin procedures for redevelopment.

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