CIDCO amends policy, now consent of only 51 pc members required for redevelopment of buildings in Navi Mumbai ...Middle East

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The Maharashtra government's City and Industrial Development Corporation (CIDCO) on Friday said it has made changes in its reconstruction policy wherein a building can be redeveloped with the consent of only 51 per cent members of a housing society instead of the earlier 100 per cent. As per the directives of Chief Minister Eknath Shinde and his deputy Devendra Fadanvis, the CIDCO has adopted the procedures laid down by Maharashtra government and amended its building reconstruction policy, it said in a release. ''The CIDCO has included a provision that the building can be reconstructed with the consent of only 51 per cent of the members of the housing society instead of the earlier 100 per c

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