In a significant policy announcement aimed at expediting the redevelopment of old cessed buildings in Mumbai, Maharashtra Housing and Area Development Authority (MHADA) Chief Executive Officer Sanjeev Jaiswal on Monday declared that No Objection Certificates (NOCs) for such projects will be issued within six weeks. If delayed, the NOC will be treated as deemed approved under the Right to Service Act.

The announcement was made at MHADA’s second redevelopment conference and investors’ summit, held at MIG Club in Bandra (East), in the presence of leading figures from the real estate sector and government.