[ad_1]
Pune: The Maharashtra State Cooperative (MSc) The bank has announced loans for old housing societies planning to go for self-development and has allocated Rs 1,950 crore for the same in the 2023-24 financial year.
The bank is the nodal agency for self-redevelopment projects in the state and is expected to announce the criteria for availing such loans next week. Vidyadhar Anaskar, Administrator, MSC BankAt least 50 old housing societies are expected to benefit from the allotment, it said.
Anaskar said, ‘We had received 100 proposals from housing societies in this regard.’ The proposal for loan approval was placed before the Deputy Chief Minister Devendra Fadnavis earlier this month.
Anaskar said the housing societies would be eligible for the loan for redevelopment of old buildings as well as construction of new residential structures. With the clearing of the loan component, more societies will implement the scheme. Fadnavis has indicated that he will reintroduce the GR to benefit housing societies.
Advocate Shriprasad Parab, Specialist Director, The Maharashtra The State Housing Federation Ltd told TOI that many old housing societies were waiting for funds to start self-redevelopment. MSc The announcement of the banks will help many such proposals in the state.
“Housing societies which are 30 years old and are eligible, complying with the process of Section 79A guidelines and as per the Development Control and Promotion Regulation 2034 or the Integrated Development Control and Promotion Regulation 2020, are permitted to submit applications for loans for their own There will be redevelopment projects,” Parab said. The federation members further said that the state government has decided to give deemed conveyance to such housing societies within a month.
Recently, a 37-year-old housing society in the city had to wait for an entire year to get the necessary permission for self-redevelopment of its housing society.
Old housing societies in the city keen on self-redevelopment said the entire process was mostly dependent on finance. A member of the State Housing Federation said, “Banks providing loans will help such old societies.”
[ad_2]
Source link