BMC Ka Khazana… Aur Builder Ka BP Check

BMC Ka Khazana… Aur Builder Ka BP Check

Mumbai ne phir record tod diya. ₹80,952 crore ka budget. Itna paisa dekh ke aadha city bole — “Waah development!” aur aadha bole — “Isme se mera building kab banega?”

Chalo redevelopment angle se samajhte hain.

Real Hero Kaun? Builder Bhai.

Property tax se BMC ko milte hain approx ₹7,000 crore.

Builder premiums? ₹12,000+ crore.

Matlab society wale maintenance ke ₹2,000 pe ladte hain…

Aur builder quietly cheque likh raha hota hai 20–50 crore ka.

Phir woh paisa flat rate mein daal deta hai.

Aur hum bolte hain — “Arre rates kyun badh rahe hain?”

BMC Ka Premium Buffet (All You Can’t Avoid)

Redevelopment karna hai? Toh welcome to:

• Additional FSI Premium

• Fungible FSI Premium

• Open Space Deficiency

• Staircase-Lift Premium

• Fire NOC Fees

• Water Charges

• Sewerage Charges

• Scrutiny Fees

• Debris Deposit

• Carriage Entrance

• PCO One Time Charges

• Tree NOC

Itna menu dekh ke builder bhi bolta hai —

“Sir, cement dalne se pehle hi project ka profit gaya.”

Society Members Ke Liye Good News

• 25,000+ dilapidated buildings redevelopment list mein.

• Auto-DCR + AI approvals announced.

• TDR trading online hone wala hai.

• Big infra projects underway.

Translation:

Redevelopment ka environment active hai.

But…

Reality Check

Approval delay = interest cost.

Policy change = planning change.

Premium increase = feasibility ka headache.

Road widening pending = project standstill.

RG issue = planning gymnastics.

Aur sabka end result?

Society ko milta hai ya toh:

1. Slightly lower corpus

2. Slightly longer timeline

3. Slightly stressed developer

The Mumbai Loop

Builder pays premium →

BMC builds road →

Area value increases →

Ready reckoner increases →

Next builder pays higher premium →

Flat buyer pays more →

Cycle continues.

It’s not corruption. It’s circulation.

Redevelopment Perspective — Bottom Line

If you are a society member:

Don’t just ask “Kitna carpet milega?”

Ask “Kitna premium load hai project pe?”

Because jo BMC ko jaa raha hai, woh kisi na kisi ko toh recover karna padega.

If you are a builder:

You are basically funding half of Mumbai’s infrastructure.

Thank you for your service.

If you are waiting since 2009 for redevelopment:

Relax. Mumbai doesn’t move fast.

It moves expensive.

Mumbai never promised to be simple.

It only promised to be vertical.

And in redevelopment…

Height badhane se pehle BP badhta hai.

Dr. Nayan Dedhia

Co- Founder & Managing Director