Massive redevelopment is going to get a boost with new policy offering more profits to both developer and residents and making projects more beautiful than plod redevelopment.

Bigger a cluster undergoing redevelopment, the larger will be the flats of individual owners. It will be easier for the societies to negotiate with the developer.

The minimum area will remain one acre; the larger the area occupied bigger will be the flats that residents can take up. The minimal size will be 300 sq ft.

The proposed plan will replace the existing cluster redevelopment rule under Development Control Rules which is likely to apply across Mumbai and not just south Mumbai that has ore old and bad shaped structures.

The BMC will mark the one acre areas which can form a cluster and several such clusters can then come together for a mega-cluster redevelopment. The government is ensuring more societies to come together for the new redevelopment.

With the basic size, the government may also describe the benefits to be provided to mega clusters to avoid litigation issues.

A panel including the BMC and MMRDA top officials and the Slum Rehabilitation Authority chief are reworking the new policy. It has taken suggestions from the property owner association and and the Maharashtra Chamber of Housing Industry.

Developers who have commenced the cluster redevelopment in older rules will have an option to migrate to the new policy.

The moves come as the earlier redevelopment policy failed to deliver. The mega budgeted Rs 5,000 cr Bhendi Bazaar project of the Saifee Burhani Upliftment Trust spread over 14.5 acres is going very sluggishly.