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reduces additional area chargers to 110percent of ready reckoner rate

Oct 11 2024

reduces additional area chargers to 110percent of ready reckoner rate

 

The state housing and area development authority has reduced the charges applied to additional areas beyond the original or permissible area of old residential tenements for eligible tenants/residents on the master list of the city’s repair and reconstruction board. The revised charge will now be 110% of the ready reckoner rate, down from the previous 125%.

Previously, developers often failed to provide the standard 300 square feet tenement that tenants are entitled to. As a result, beneficiaries were often allocated larger units, and under the earlier system, they had to pay 125% of the ready reckoner rate for the additional area. Many beneficiaries were unable to afford this extra cost, causing delays in their permanent rehabilitation.

Officials noted that these payment challenges led to a large backlog of unresolved cases, making it difficult to complete the rehabilitation process. To accelerate the rehabilitation of tenants in old buildings, the decision was made to reduce the charge for the additional area to 110% of the ready reckoner rate, making it more affordable for eligible beneficiaries.

 

 

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