PMC Eases Rules for Redevelopment of Historic Wadas
The Pune Municipal Corporation (PMC) has paved the way for the expedited redevelopment of historic Wadas in the old city by issuing a notification on Thursday. The new notification eliminates the earlier requirement of leaving a one-metre side-margin for the redevelopment of old structures located on narrow roads that are only six metres wide. This change is applicable to Wadas under 1,000 square metres in area, aiming to streamline and accelerate the redevelopment process for the numerous old Wadas in the central parts of the city. The move comes in response to the challenges faced by many Wadas in the heart of the city due to the previous side-margin requirement. With this revision, developers can now proceed with Wada redevelopment by paying premium charges to the PMC at the ready reckoner rate, calculated by adding the total area of the side-margin. The charges will be 10% for residential properties and 15% for commercial properties, fostering redevelopment in the Peth areas and addressing long-pending Wada redevelopment issues.
Earlier, the side-margin rule in the Unified Development Control and Promotion Regulations (UDCPR) for Maharashtra posed obstacles for Wada redevelopment, prompting local representatives to advocate for its relaxation. In response to their demand, the PMC commissioner made the decision, facilitated by charging a hardship premium, ultimately resolving the longstanding issue of redeveloping historic Wadas. The move has been welcomed by property owners, developers, and tenants as a significant decision capable of positively impacting their lives.
Similar News
Monsoon Deluge Exposes PMC Road Repair Failures
28 Sep 2023
Amnesty Scheme to Reduce Stamp Duty Deficit
02 Dec 2023
Historic Bhide Wada Set for Redevelopment by PMC
06 Dec 2023
PMC Approved Bus Bay on Nagar Road
12 Dec 2023
PMC Phased Approach to Repair 40 Aging Bridges
08 Jan 2024
Long Weekend से Pune-Satara Highway पर लगा लंबा!
27 Jan 2024
आखिर कब Open होगा Pune Airport का New Terminal?
06 Feb 2024
Pune Areas to Experience Water Shortage Tomorrow
07 Feb 2024
PMC demolishes 29 Hilltop Properties
09 Feb 2024
PMC under scrutiny for repeated budget inflation
03 Apr 2024
Pune Battle Against Rising Garbage-Related Fires
08 Apr 2024
IMD Warns Dry Conditions Challenge 125 Districts
19 Apr 2024
Residents Sweat Through Frequent Power Outages
28 Apr 2024
BSI to Open New Botanical Garden in Mundhwa
27 Aug 2024
