How Unified DCPR is set to transform real estate in Maharashtra
Real estate is an ever-evolving and dynamic field. The current situation has
posed many challenges for the real estate field and developers. To overcome
them and to facilitate liquidity in the marker, the Maharashtra government has
introduced some very constructive policies. The prominent one among them is
The Unified Development Control and Promotion Regulations (UDCPR).
What are Unified DCPR initiatives?
Unified Development and Control Promotion Regulations are definite rules,
which have come into effect from December 2020. They are crafted to
facilitate smooth development process across Maharashtra. These key rules
also aim at curbing unplanned development and streamlining genuine
development.
As we know, urban real estate development was stuck in the mess of
complicated processes and ambiguous rules and regulations. The construction
guidelines differed with every district, gram panchayat, municipality and so on.
The result was unplanned development, illegal encroachments in some areas
across Maharashtra. All of it lacked any sustainable thought process.
The UDPR is all set to transform this by bringing transparency and clarity to the
development. These 397 pages full of clear, comprehensive rules on
infrastructure and real estate, stand as a point of reference. Such
standardization is sure to bring consistency and uniformity in urban
development. No wonder the real estate field is having positive vibes about
UDCPR and the developers are enthused.
Some UDCPR Highlights
- Floor Space Index (FSI) rules are relaxed and higher FSI is allowed
through Ancillary FSI, which increased the potential of development. - Public parking anabolic steroids injectable for sale slots near metro stations, will get special FSI incentives.
- Completion Certificate will be accepted from the architect or surveyor.
No need to get it from any local authority. - There are some additional benefits including permissible building height
limit, no restriction on room sizes, reduction in parking space
requirements and so on. - Permission to redevelopment of 30+ years of buildings in Navi Mumbai.
- Every component of a home will have a set of rules. For example, Ledges for air conditioning units, cupboard space and Parking space which will be FSI free.
- Less than 150 meters of plots can be developed without submitting the plan to local bodies
How will UDCPR benefit the real estate field?
First and the foremost, these regulations have ushered in a much-needed era
of standardization. The FSI norms will be uniform across the state. This will
reduce the complication and boost urban development.
With simplified processes and ease of operation, the quality of the
construction will rise. Many real estate players will compete with each other to
create better spaces, smarter developments and more impactful branding and
communication to promote them. This positive competition, in turn, will
benefit the buyer.
One of the best advantages of UDCPR is that, it will lead to faster clearance of
projects. Plus, the relaxation on FSI will boost the redevelopment of small sized
plots. This key benefit will be a great relief for many old societies and building,
which are awaiting redevelopment.
The UDCPR initiatives are highly practical solutions. They have addressed every
issue which a hurdle in sustainable urban development. Infrastructure that
supports the metro facility gets relaxed norms and FSI incentives.
How are the developers reacting to UDCPR?
These Unified regulations have brought a wave of positivity energy in the real
estate field. The planners, builders, developers, architects and designers are all
set to avail the benefits of these new rules. The coming few years are sure to
see an optimum surge in planned, sustainable urban development in Mumbai
and Maharashtra. The change is a boon to the developers as well as to the
customer.
We at Thinking Partners, are acquainted with the nitty-gritties of the UDCPR
and its relevance and importance in the current scenario. As the builders plan
their creations, we are equipped to handle the creative side of the
communication.
Armed with strategy, ideas, executional techniques and successful track
record, we are raring to create meaningful communication that works real
magic. We have a strong portfolio of work in the real estate field. It will be our
delight to work with the quality real estate players across Maharashtra. If you
are the one, give us a call. Let us get chatting.