{"id":21088,"date":"2024-08-05T10:12:13","date_gmt":"2024-08-05T04:42:13","guid":{"rendered":"https:\/\/invest.mp.gov.in\/?page_id=21088"},"modified":"2024-08-05T10:24:01","modified_gmt":"2024-08-05T04:54:01","slug":"policy-notifications-mp-housing-redevelopment","status":"publish","type":"page","link":"https:\/\/invest.mp.gov.in\/previous-portal\/policy-notifications-mp-housing-redevelopment\/","title":{"rendered":"Policy & Notifications-MP Housing Redevelopment"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"21088\" class=\"elementor elementor-21088\">\n\t\t\t\t        <section class=\"elementor-section elementor-top-section elementor-element elementor-element-2a6d154 elementor-section-boxed elementor-section-height-default elementor-section-height-default pxl-row-scroll-none pxl-zoom-point-false pxl-section-overflow-visible pxl-section-fix-none pxl-bg-color-none pxl-section-overlay-none wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no\" data-id=\"2a6d154\" data-element_type=\"section\">\n\n                \n                <div class=\"elementor-container elementor-column-gap-default \">\n                <div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4e873bc pxl-column-none pxl-column-overflow-hidden-no\" data-id=\"4e873bc\" data-element_type=\"column\">\r\n        <div class=\"elementor-widget-wrap elementor-element-populated\">\r\n                     \r\n                <section class=\"elementor-section elementor-inner-section elementor-element elementor-element-e897882 elementor-section-boxed elementor-section-height-default elementor-section-height-default pxl-row-scroll-none pxl-zoom-point-false pxl-section-overflow-visible pxl-section-fix-none pxl-bg-color-none pxl-section-overlay-none wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no\" data-id=\"e897882\" data-element_type=\"section\">\n\n                \n                <div class=\"elementor-container elementor-column-gap-default \">\n                <div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-956c93b pxl-column-none pxl-column-overflow-hidden-no\" data-id=\"956c93b\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\r\n        <div class=\"elementor-widget-wrap elementor-element-populated\">\r\n                     \r\n        \t\t<div class=\"elementor-element elementor-element-95c5f78 elementor-widget elementor-widget-heading\" data-id=\"95c5f78\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 05-08-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h6 class=\"elementor-heading-title elementor-size-default\">Madhya Pradesh Housing Redevelopment Policy \u2013 2022<\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t            <\/div>\r\n        <\/div>\r\n        \t\t\t<\/div>\n\t\t<\/section>\n\t\t        <section class=\"elementor-section elementor-inner-section elementor-element elementor-element-c214ec3 elementor-section-boxed elementor-section-height-default elementor-section-height-default pxl-row-scroll-none pxl-zoom-point-false pxl-section-overflow-visible pxl-section-fix-none pxl-bg-color-none pxl-section-overlay-none wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no\" data-id=\"c214ec3\" data-element_type=\"section\">\n\n                \n                <div class=\"elementor-container elementor-column-gap-default \">\n                <div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-02a2a32 pxl-column-none pxl-column-overflow-hidden-no\" data-id=\"02a2a32\" data-element_type=\"column\">\r\n        <div class=\"elementor-widget-wrap elementor-element-populated\">\r\n                     \r\n        \t\t<div class=\"elementor-element elementor-element-34423e7 elementor-widget elementor-widget-text-editor\" data-id=\"34423e7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 05-08-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p><b>Objective<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The redevelopment of public and private housing schemes in the urban areas of the state shall be taken under Public-Private Partnership (PPP) mode or by Public Authorities or by Private to improve quality of living of existing residents and utilize available land optimally. The policy intends to promote private investment to attain the aforesaid objectives with nominal or no cost to the government. The Real Estate Policy envisions bringing in path breaking initiatives for the sector with the following objectives:&nbsp;&nbsp;<\/span><\/p>\n<p><b>Operating Period: <\/b><span style=\"font-weight: 400;\">2022 onwards<\/span><\/p>\n<p><b>Focus Sector: <\/b><span style=\"font-weight: 400;\">Housing, Real Estate, PPP, Developers<\/span><\/p>\n<p><b>Incentives<\/b><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"3\"><span style=\"font-weight: 400;\">Under the Madhya Pradesh Housing Redevelopment Policy, 2022, housing schemes\/projects can be undertaken by the Madhya Pradesh Housing and Infrastructure Development board (MPHIDB) ULBs or Private Developers etc.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"3\"><span style=\"font-weight: 400;\">The redevelopment of public and private housing schemes in the urban areas of the state shall be done through Public-Private Partnership (PPP).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"3\"><span style=\"font-weight: 400;\">The public and private housing schemes which are older than 30 years (from the year of completion of the project) or declared dilapidated by the competent authority (age of a dilapidated building can be less than 30 years) and have a registered Resident Welfare Association (RWA) shall be eligible for redevelopment under this policy.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"3\"><span style=\"font-weight: 400;\">Redevelopment cess at the rate of 7% shall be levied on the additional FAR utilized over and above the permissible FAR for the redevelopment project. [Redevelopment Cess = Additional FAR utilised x land area (in mts) x applicable collector guideline rate (Rs\/sqmts) x 7%]<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"3\"><span style=\"font-weight: 400;\">The projects may be exempted from one time municipal and revenue charges.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"3\"><span style=\"font-weight: 400;\">The Developer shall be exempted from the obligation of construction of EWS units\/LIG units\/Payment of Shelter Fee and Depositing Bank Guarantee.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"3\"><span style=\"font-weight: 400;\">The 5% stamp duty chargeable on developer against sale of compensatory components (whether in form of built-up area or plot) shall be charged @0.25%.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"3\"><span style=\"font-weight: 400;\">FAR shall be allowed as additional 0.50 FAR over and above the permissible FAR, permissible ground coverage shall be 40% of the plot area with up to 7.5 per cent of maximum built-up area shall be permissible as commercial space for convenient shopping.<\/span><\/li>\n<\/ol>\n<p><b>View\/Download Full Policy<\/b><\/p>\n<p><a href=\"https:\/\/invest.mp.gov.in\/wp-content\/uploads\/2024\/08\/Policy-English.pdf\" target=\"_blank\" class=\"mpidc_btn\">Madhya Pradesh Housing Redevelopment Policy, 2022<\/a><\/p>\n\n<p><a href=\"https:\/\/www.mphousing.in\/Downloads.aspx#act\" target=\"_blank\" class=\"mpidc_btn\">Go to MP Housing and Infrastructure Board Website<\/a><\/p>\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t            <\/div>\r\n        <\/div>\r\n        \t\t\t<\/div>\n\t\t<\/section>\n\t\t            <\/div>\r\n        <\/div>\r\n        \t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Madhya Pradesh Housing Redevelopment Policy \u2013 2022 Objective The redevelopment of public and private housing schemes in the urban areas of the state shall be taken under Public-Private Partnership (PPP) mode or by Public Authorities or by Private to improve quality of living of existing residents and utilize available land optimally. The policy intends to promote private investment to attain the aforesaid objectives with nominal or no cost to the government. The Real Estate Policy envisions bringing in path breaking initiatives for the sector with the following objectives:&nbsp;&nbsp; Operating Period: 2022 onwards Focus Sector: Housing, Real Estate, PPP, Developers Incentives Under the Madhya Pradesh Housing Redevelopment Policy, 2022, housing schemes\/projects can be undertaken by the Madhya Pradesh Housing and Infrastructure Development board (MPHIDB) ULBs or Private Developers etc. The redevelopment of public and private housing schemes in the urban areas of the state shall be done through Public-Private Partnership (PPP). The public and private housing schemes which are older than 30 years (from the year of completion of the project) or declared dilapidated by the competent authority (age of a dilapidated building can be less than 30 years) and have a registered Resident Welfare Association (RWA) shall be eligible for redevelopment under this policy. Redevelopment cess at the rate of 7% shall be levied on the additional FAR utilized over and above the permissible FAR for the redevelopment project. [Redevelopment Cess = Additional FAR utilised x land area (in mts) x applicable collector guideline rate (Rs\/sqmts) x 7%] The projects may be exempted from one time municipal and revenue charges. The Developer shall be exempted from the obligation of construction of EWS units\/LIG units\/Payment of Shelter Fee and Depositing Bank Guarantee. The 5% stamp duty chargeable on developer against sale of compensatory components (whether in form of built-up area or plot) shall be charged @0.25%. FAR shall be allowed as additional 0.50 FAR over and above the permissible FAR, permissible ground coverage shall be 40% of the plot area with up to 7.5 per cent of maximum built-up area shall be permissible as commercial space for convenient shopping. View\/Download Full Policy Madhya Pradesh Housing Redevelopment Policy, 2022 Go to MP Housing and Infrastructure Board Website<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-21088","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/invest.mp.gov.in\/previous-portal\/wp-json\/wp\/v2\/pages\/21088"}],"collection":[{"href":"https:\/\/invest.mp.gov.in\/previous-portal\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/invest.mp.gov.in\/previous-portal\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/invest.mp.gov.in\/previous-portal\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/invest.mp.gov.in\/previous-portal\/wp-json\/wp\/v2\/comments?post=21088"}],"version-history":[{"count":28,"href":"https:\/\/invest.mp.gov.in\/previous-portal\/wp-json\/wp\/v2\/pages\/21088\/revisions"}],"predecessor-version":[{"id":21120,"href":"https:\/\/invest.mp.gov.in\/previous-portal\/wp-json\/wp\/v2\/pages\/21088\/revisions\/21120"}],"wp:attachment":[{"href":"https:\/\/invest.mp.gov.in\/previous-portal\/wp-json\/wp\/v2\/media?parent=21088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}