Insurance cover for residents of cessed buildings in Mumbai

The tenants living in the cessed buildings in Mumbai would be covered by an insurance scheme to the extent of Rs 5 lakh per family, Maharashtra Chief Minister Prithviraj Chavan said in the Legislative Council on Friday.

Last Updated: Aug 02, 2013, 22:39 PM IST

Mumbai: The tenants living in the cessed buildings in Mumbai would be covered by an insurance scheme to the extent of Rs 5 lakh per family, Maharashtra Chief Minister Prithviraj Chavan said in the Legislative Council on Friday.

Chavan was replying to a debate initiated by the Opposition parties on the issue. Cessed buildings are the old, dilapidated buildings which pay tax (cess) to government for maintenance and repair.

He said a Government Resolution has been issued for this. "There are 14,190 cessed buildings which are in dilapidated condition. Over 15 lakh people will get benefit from it (insurance scheme)," he added.

The premiums would be paid from the repairing board`s budgets, Chavan said. If the building collapses, each occupant family will get Rs 5 lakh.

Chavan also said that to generate more revenue, the state government had modified some rules and regulations on land lease, FSI, Public Parking Policy, etc, which earned it between Rs 1,500 to Rs 2,000 crore.

Talking about the MMRDA, planning body for parts of Mumbai, he said its projects worth Rs 5,056 crore including the Eastern Free way would be completed by December.

Sector five of Dharavi (slum) Redevelopment Project had started and tender process for remaining four sectors would start in September-October, he said.

PTI