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Home » Forums » Real Estate Biz » Real Estate Mumbai

Supreme Court approves demolition of pre-1940 buildings

Posted on: September 5, 2008 - 2:59am
megha
Posts: 42
Joined: 2008-05-28
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Supreme Court approves demolition of pre-1940 buildings

The Supreme Court has approved the demolition of all pre-1940 buildings, including chawls, to make way for highrises, in Mumbai.

The highrises will replace over 16,000 old buildings, which are suitable for being demolition and redeveloped and will have to accommodate the present tenants of the old buildings.

The tenants will move from their dilapidated tenements and occupy flats with a minimum area of 225 sq.ft in brand new buildings at no cost. However, in lieu of the free rehabilitation of tenants, the builder can make profits by exploiting a portion of the land to construct a tower which he can sell in the open market.

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