Eknath Shinde unveils new framework for Mumbai's 'Pagdi' building redevelopment

• Maharashtra Deputy CM Eknath Shinde announced a new regulatory framework for redeveloping Mumbai's 'Pagdi' buildings.
• The framework aims to expedite redevelopment, prevent collapses, and provide ownership-based homes for residents in over 19,000 'Pagdi' buildings.
• Key provisions include FSI for tenants based on current area, FSI for landlords based on land ownership, and incentive FSI for economically weaker tenants to cover full reconstruction costs.
• The government plans to establish fast-track courts to resolve 28,000 pending tenant-landlord cases within three years.
• 'Pagdi' is a traditional tenancy model where tenants are part-owners with nominal rent and subletting/selling rights, often leading to redevelopment challenges.

Why It Matters: New framework for Pagdi buildings offers ownership and safer homes in Mumbai.