The Maharashtra government on Thursday cleared a key amendment to the Development Control and Promotion Regulations (DCPR-2034) to fast-track the long-stalled redevelopment of old chawls on Mumbai’s textile mill lands.

Deputy Chief Minister Eknath Shinde , who also holds the urban development portfolio, made the announcement in the state Assembly, saying the revised Regulation 35(7)(A) will finally provide developers the incentive FSI that was earlier missing, making projects financially viable.

The existing rules do not provide additional incentive Floor Space Index (FSI) to encourage builders to take up redevelopment, said Shinde, the minister for urban development, speaking in the legislative assembly here.

“Many of the residential structures and chawls (tenements) on these lands a

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