Now Reading: Maharashtra makes two-year redevelopment deadline mandatory
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Maharashtra makes two-year redevelopment deadline mandatory
Maharashtra has made it mandatory for developers to complete a redevelopment project within two years of the plinth or foundation being approved, under a revised framework issued on Wednesday (30 September 2026).…
Maharashtra has made it mandatory for developers to complete a redevelopment project within two years of the plinth or foundation being approved, under a revised framework issued on Wednesday (30 September 2026). The government order replaces the 2019 framework and allows an extension to three years only in exceptional circumstances.
Societies must appoint a project management consultant within two months to compare different development options, and at least three developer bids are required. If fewer bids are received, the process must be extended by at least 15 days, and then by another week, with existing bidders allowed to submit revised offers.
Redevelopment agreements must be signed within three months of selection, and members can inspect key records free of cost. Commercial occupants get added protection, with vacation allowed only after legal approvals and a registered permanent alternative accommodation agreement is in place. New flat allotment must follow existing floor positions where possible, with lotteries video-recorded if needed.
Indian Opinion Analysis
The new framework shifts the state's focus from project approval to tracking what members receive at each stage, addressing a common complaint of stalled or unfair redevelopments. By requiring a PMC report within two months and at least three bids, it aims to give societies leverage in negotiations. The two-year completion clock from the plinth stage closes a loophole that let developers delay after starting work. Societies now have a clear timeline to enforce: if the developer misses the deadline, the agreement itself specifies the remedy. The registrar will receive video evidence of any lottery, tightening accountability at the final allotment stage.
Source: timesofindia.indiatimes.com
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