Here's what to expect from Maharashtra's new housing policy on September 2

Maharashtra state government will be announcing its new housing policy on September 02, 2016. 

Under the new policy, the state government will seek to boost contruction and build affordable houses in Mumbai.

In South Mumbai - the island area, government may announce re-development of old and ramshackled buildings. 

Apart from that it may consider the redevelopment of BDD chawls spread over 90 acre in Central Mumbai and of transit camps. 

Going ahead, government may decide to construct around 1.50 lakh houses on the salt pan lands. There is around 650 acre of salt pan land between Ghatkopar and Mumbai in North-East Mumbai. 

The Maharashtra government may impose in new policy in both transferable development rights (TDR) and floor space index (FSI) under housing. 

Knight Frank executive director Gulam Zia observed that open-ended policies like TDR loading, slum redevelopment, cessed building redevelopment, IT-park policy, change of use of industrial lands, textile mill redevelopment, car-parking policy gave enough to read between the lines and have done more damage to the city than the intended value add, a Business Standard report. 

The policy assumes importance with the upcoming BMC elections in 2017.