2 days ago
Mumbai to Launch Major Campaign for Housing Society Self-Redevelopment
Mumbai may soon start a large campaign to help housing societies rebuild their own buildings.
MLA Pravin Darekar announced the plan at an event in Borivali West.
He said self-redevelopment is already becoming more popular in the city.
The Mumbai District Central Cooperative Bank has received about 1,600 requests from societies.
It has approved loans for 46 societies.
Darekar said about 21 or 22 buildings have already been completed.
Officers from Delhi visited Mumbai to learn how the system works.
The bank also plans new facilities for housing groups and a taxi scheme intended to benefit taxi drivers.
MLA Pravin Darekar said Mumbai will soon launch a major campaign supporting housing societies’ self-redevelopment.
The Mumbai District Central Cooperative Bank has received about 1,600 proposals and sanctioned loans to 46 societies.
Darekar said nearly 21 to 22 buildings have been completed, allowing middle-class families to move into larger homes.
A delegation of IAS officers from Delhi visited Mumbai to study the redevelopment model, funding and repayment process.
Darekar announced plans for an Aarey housing federation sub-centre, a 12-storey Sahakar Bhavan in Sion and the Namo Sahakar Taxi scheme.
- Who
- MLA Pravin Darekar, the Mumbai District Central Cooperative Bank and housing societies.
- What
- A major campaign to support self-redevelopment by Mumbai housing societies will be launched soon.
- Where
- Mumbai, with the announcement made at Anant Tapasya Cooperative Housing Society in Borivali West.
- When
- The announcement was made on Sunday; the campaign is planned for the coming period.
- Why
- To help more housing societies redevelop independently and expand access to financing, while offering a model that other parts of India could study.
Key facts
- Announced by
- BJP group leader and MLA Pravin Darekar
- Loan provider
- Mumbai District Central Cooperative Bank
- Proposals received
- About 1,600
- Societies receiving sanctioned loans
- 46
- Buildings completed
- Nearly 21 to 22
- Planned facility
- A 12-storey Sahakar Bhavan at Sion
- Additional initiative
- A housing federation sub-centre at Aarey and the Namo Sahakar Taxi scheme
Quotes
Pravin Darekar
BJP group leader, MLA and chairman of the Mumbai District Central Cooperative Bank
“About 1,600 proposals have been received by us so far, while loans have been sanctioned to 46 societies. Nearly 21-22 buildings have been completed, enabling middle-class families to move into larger homes.”
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Sources
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