1. INTRODUCTION
The President of India on December 02, 2022, assented to the
bill proposing amendments to the Maharashtra Housing and Area
Development Act, 1976 (“the Act”), and introduced the
Maharashtra Housing and Area Development (Amendment) Act, 2020
(“Amendment Act”), thereby clearing the way for the
redevelopment of ‘cessed' and ‘dangerous'
buildings. This news alert deals with the analysis of the Amendment
Act and its impact on the tenants/developers and owners of cessed
and dangerous buildings.
2. BACKGROUND
The presidential approval of the Amendment Act comes in the
backdrop of a two-year waiting period since the bill was first
approved in the Maharashtra State Assembly on September 08,
2020.
