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Nupur Alankar: I vowed silence for three months following my mother’s death in December
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Redevelopment of Mumbai s old buildings hits Covid wall
The delay in the process of redevelopment projects, however, will still prove to be a key issue restricting the supply of housing and impacting the pricing, too.
Synopsis
These housing societies, which operate under the Maharashtra Co-Operative Societies Act 1960, are allowed to conduct managing committee meetings that usually deal with day-to-day administration of societies in both physical and virtual mode. The provision for virtual management committee meetings was introduced in April 2020, following the announcement of the lockdown by the government.
The ongoing Covid-19 pandemic has posed a major challenge to the redevelopment of old and dilapidated buildings in Mumbai, as housing societies in Maharashtra are not allowed to hold general or special general body meetings that enable important decisions.