*Sat, 14 May 2016, 08:00 PM IST* Brihanmumbai Municipal Corporation *(BMC)* *Redevelopment* buildings Development Control Regulation (DCR) The Brihanmumbai Municipal Corporation (BMC) has opened doors for *redevelopment of over 35,000 old buildings* that have *exhausted their FSI* and *have no scope of further redevelopment.* The BMC will offer *40 per cent of the total built-up area* (BUA) as an incentive to the housing societies. A society can use the proceeds from the sale of this incentive to *meet the construction cost of their own building*. *They will not charge any kind of premium or extra cost for the same*. This will only be applicable for buildings which are more than *30 years old*. For example, if the built-up area (BUA) of one particular building is 10,000 sqft, with BMC's new incentive policy, the building will be allowed construction of *extra 4,000 sqft* so that they can *sell it in the open market and meet the construction cost of their original area*. *This Development Control Regulation (DCR)* of the *BMC* will help those buildings which are not interested to be a part of the cluster development scheme (CDS) but might pose a threat to the scheme. The government's CDS is facing several obstacles at each stage with *developers unwilling* to share more benefits and residents posing stiff opposition for cluster development. *The residents were left with no option but to live in dangerous buildings and wait endlessly until they collapsed.* *Due to lack of profit, no developer wants to take up redevelopment of such buildings and it will be expensive for cooperative societies to undertake redevelopment on their own*. The new DCR will be paving way for the redevelopment of such individual buildings. *"Over 35,000 buildings in the city are more than 30 years old and have no FSI left. The future of these buildings is at stake and there is no scope of future redevelopment for them. These buildings, if ignored, will eventually get dilapidated and amount to loss of life and property. We had to think about them and now we have come up with an option*," said *Ajoy Mehta, municipal commissioner*