c ss7-

c\rr.,No. c,heEA8\Ga\
2\\\ _ ao
MUNICIPAL CORPORATION OF GREATER MUMBAI
NO: CHE/DP/ t477o /GEN Date tTf oqf z-r1
CIRCULAR
Sub: Facility of installments in payments payable for grant of
IOD/ CC for various fees/ charges/ deposits/ premiums to
be paid in respect of Building permissions.

Ref DcH E/DP/1 5755/GEN dtd. 06-09-201 7

ii)cHE/DP/231 85/GEN dtd. 20-1 1 -2017 .

iii)chE/DP/1 391 s/GEN dtd 04-09-201 9.

ln view of requests received from various Stake Holders in Housing lndustry,

it was decided after due consideration to modify the circulars mentioned at reference
No (i) & (ii) and accordingly, the circular was modified and issued under reference no
(iii) above. With a view to provide further stimulus to Housing lndustry to facilitate its
revival, it is proposed to modify the circular issued vide reference no (iii) as follows,
to grant the facility of installments in payment of fees/ premiums/ charges/ deposits,
as per the following guidelines:-

(1) The installments facility shall not be granted to following payments and
shall be paid at initial stage i.e. at IOD/ Amended plan approval

(i) Scrutiny fees (shall be paid along with submission of

proposal)
(ii) IOD deposit
(iii) Debris deposit
(iv) Labour cess
(v) Developmentcharges

l2l The installment may be granted to the premiums/ charges payable to

MCGM for followings:
(i) 25% MCGM share of Additional FSI on payment of premium
permissible under Reg 30 of DCPR 2034.
(iil Additional FS/ permisslble under Reg 33 of DCPR 2034, for
MCGM part.
(iii) 50% of total premium payable to Corporation towards utilisation
of Fungible Compensatory area under Reg 31(3) of DCPR-
2034.

(M- 4.P
Chief Ehgineer
(^n 6, /Development Plan)
 (iv) Premium to exempt area covered under staircase/Lifu
staircase
and Lift Lobby from FSl.
(v) Premium towards condonation of deficiency in open space
of all
types

(3) The facility of instailments in the payments

to be paid to MCGM will be ailowed
only where the minimum amount payabre at the time of granting
instaflment
facility to MCGM under clause 2 above is Rs. 50.00
Lakh and above.
(4) The installment facirity shail be granted to the payments mentioned at above
Clause No. (2) only.
(A) For buildi nq havin q hei ht less than 70 .00
mtrs.
The installments facirity shail be granted for the period of 4g (Forty Eight)
months. There wiil be total of five installments, starting
with the first initial
payment and foilowed by four instaflments
at the intervar of 12 months each.
The installment facility shall be granted as per following table.

Sr Type of
I
lnitial At the end of months
No Payment payment
with interest
stobe 12 24 I Jb 48
I

made I

(As per
Sub
Clause)
1" t 5''
I
I
tnstattme I hstall lnstallme lnstallme lnstallme
I I nt | ^"r, nt nt nt
Ba
1 10% 22.5% 22.50k 22.5o/o 22.5%

(B) For buildin havin

heiqht equal to or more than 70 .00 mtrs.
The installments facirity shall be granted for the period of 60 (sixty)
months.
There will be totar six instailments, starting with the first initiar payment
and
followed by five installments at the interva r of 12 months each. The
installment facility shall be granted as per following table.

L
qq \"\
Chief nglneer
(Development Plan)
 elsst

Sr Type of lnitial At the end of months

No. Payme paym with interest
nts to ent
be
made
(As per
Sub
Clause)
12tn 24th ^^lh
JO 4gth 60tn

7"t 2nd t" 4'h 5u 6th

lnstall lnstallm lnstallm lnstallm lnstall lnstallm

ment ent ent ent ment ent
10% 180k
1 gd 18Yo 18% 180k 18%

Note:- (i) No further extension in allowing payment in installments will be

entertained beyond the above prescribed schedule.

(ii) The balance instalment amount and scheduled dates of

installment of earlier approved lnstallment Payment facilty shall
be got modified in accordance with this circular.

(5) Developer/Architect shall apply for grant of facility of installment payments in

respect of payments to be made to MCGM for items mentioned in clause 2 above
only and same shall be submitted to the concerned Dy Ch Engineer (Building
Proposal) of zonal office for his approval.
(5) All the installment proposals shall be submitted to the concerned Deputy Chief
Enginee(BP) through concern staff of C A (Finance) appointed in the Zonal
Building Proposal office for consideration and obtaining sanction. The format of
the report to be submitted to the concerned Deputy Chief Engineer(BP) shall be
as per Annexure C to this Circular. The approval of the concerned Deputy Chief
Engineer (BP) can be obtained once the concessions are approved or can be
processed independently on request of Arch. / L.S./Developer.

M- Chief ngrneel
(Oevelopment Plan)
t
6rrn,{r,
 Deputy Chief Engineer (BP)'
After grant of installment facility from the concerned
where the work is being
for new building proposals or for ongoing proposals'
carried out as Per aPProval;
note of the payments to be made by
(i) The concerned A.E.(BP) shall issue demand
facility within 3 days from date
Developer/Owner/Society considering installment
ofissueofloD/amendedplanincaseofnewproposal/amendedplanandwithin
3daysofreceiptofsanctionfromtheconcernedDeputyChiefEngineer(BP)in
case of ongoing ProPosals.
(ii) FollowingconditionsshallbeincorporatedintheloD/amendedplanapproval
letter.
(a) ln case of IOD
by the concerned
"That the payment as per schedule of installment granted
Dy.Ch.E. (BP) shall not be made'"

(b) ln case of amended plan approval,

(BP) shall
"The payment as per schedule of installment granted by Dy Ch E
be made."
submit Registered
(iii) Developer/ Owner/ Society (The project proponent) shall
Undertakingstatingthat,allthetermsandconditionmentionedinthiscircular
shallbebindingonthemandthesamewillbefollowedscrupulously.Theproject
proponent shall also undertake that, they shall make aware to
the prospective

buyersintheprojectandtheRERAAuthoritiesabouttheinstallmentpayment
made to MCGM /
facility availed by them in the various payments to be
initiating action by MCGM
Government and the provisions in the circular about
against the default in payment on schedule date'

TheprojectproponentshallalsosubmitlndemnityBondindemnifyingMCGM/
MCGMstaffagainstanydispute,litigation,RERAcompliancesetc.regardingthe
installment payment facility availed by them'
1st installment within
The pro,iect proponent shall make payment of demand of
'1 month from the issue of demand note'

(7)onlyafterreceiptofsaidlndemnityBondandRegisteredUndertakingalongwith
payment of 1"t installment, Commencement Certificate will be issued
by

t\ rL
Chiel gtneel
(DeveloPment Plan)
hNtr*
 clre t

concerned A.E. (BPy E.E.(BP) subject to compliance of all other related IOD/
amended plan approval letter conditions.

(8) (a) ln respect of Building having height less than 70.00 mtrs.

The remaining installments shall be payable in yearly installments in four

years from the date of payment of 1st installment. The amount of each
installments shall be due in 12th, 24th, 36th & 48th month from the payment of
the first installment or due date as per schedule & shall be paid on due date
with the interest calculated at the rate of 8.5% p.a. on reducing outstanding
balance payment as illustrated in Scenario-l of Annexure- A.

ln respect of Building having height equal to or more than 70.00 mtrs, the
remaining installments shall be payable in yearly instalments in five years
from the date of payment of first installment. The amount of each installments
shall be due in 12th, 24th, 36th, 48th and 60th month from the payment of the
first installment or due date as per schedule & shall be paid on due date with
the interest calculated at the rate of 8.5% p.a. on reducing outstanding
balance payment as illustrated in Scenario-l of Annexure- B.

(b) C.C. equivalent to 10olo of approved Built Up Area shall be restricted. lf BUA
of topmost floor is more than the 10% BUA, then the C.C. for the entire top
most floor shall be restricted.
(c) The total recovery of payment for balance amount with interest due shall be
confirmed by concerned A. E. (8.P.) before releasing restricted 10olo C.C.
The C.C. thus restricted, shall be released forthwith on receipt of all the
installments with interest within the specific period as mentioned in sub-
clause 8(a) & (b) above and other clauses of this circular subject to
compliance of all other related IOD/ amended plans approval letter
conditions.
(9) The Developer/Owner/Society shall deposit G. L. Code wise / Organisation wise
posfdated cheques for installment amount with an interest due and drawn on
Scheduled Bank, as per the schedule date of payment.
(10) lf Developer/Owner/Society fails to deposit the installment amount within a
period of three months from the schedule date of installment / schedule date of
last installment, the stop work notice as per MMC Act 1888 and also action as

L
[\ ,l+ry1
chi ef figineer
lDcve lopment plan)
Irot1 ra1
l
 deemed fit as per Section 55 of MR & Tp Act 1966 will have to be
initiated
against the Developer/ owner/ society immediately by informing concerned
Designated officer of ward with specific details about non-payment of
dues and
work beyond approvals if any as the case may be as illustrated in Scenarioll
of
Annexure- A & B.
Thereafter, no instarment facirity shail be granted for the proposar under
reference in future till the payment towards instalment amount due alongwith
interest is made.
ln cases where payment is deferred beyond extended perrod of 3 months,
amount payable by the Developers/owners/society shall be arrived as follows and
shall be got verified from the concern staff of c A (Finance) appointed in the Zonal
Building Proposal office.
i) Payment payabre for the project shalr be recalculated as per the sDRR Rate
of prevailing year for the area on the date on which entire payment which was
differed is being made by the developer. Then from such recalculated
payment, amount of payment already paid shall be deducted. However, any
interest amount paid will not be allowed to be adjusted against recalculated
payment or any other amount payable to MCGM.
ii) The amount of balance installments along with applicable interest from the
date of deferred installment till the date on which differed entire payment with
interest is being made by the developer shall be calculated.
The amount whichever is more out of calculations (i) and (ii) above shall be
distributed equally among the remaining installments and shall be recovered on
scheduled dates from the Developers/Society/owner along with B.s0 yo interest as
illustrated in Scenario - lll of Annexure - A & B.
(11) If the Developerl Ownerl Society availing the benefit of installment has carried
out the work beyond c.c. granted, then the facility granted for installment shall be
treated as cancelled and further action as mentioned in clause 10 above shall be
Initiated and the balance payments shall be reworked and recovered as
mentioned therein clause 10 above along with regularisation charges before
regularisation of work and before grant of c.c./ further c.c. as illustrated in
Scenario - lV of Annexure - A & B.
('12) lf the plans are amended in future during the installment payment facility period
which attracts certain premiums, charges as mentioned in clause 2 and it, there is
I
zbrope
I ?,

-=r
Chbl ddginccr
(DcvqloPment Plan)
6{^' dl
 c\se )
I
no default in payment as per earlier installment payment facility granted, the said
additional amount payable towards amended plan shall be allowed to be paid in
installment as under and as illustrated in Scenario - V of Annexure- A & B, only
on approval of the concerned Dy Ch Engineer (8.P.) for the same.

a) The additional amount payable will be divided into two/three/four/five or six

installments as the case may be as follows:
i) 10% amount shall be payable immediately on approval of additional
installmet facility.
ii) Balance 90% amount shall be equally distributed and clubbed among
the remaining/further installments.
b) The balance additional amount along with an interest in accordance with
this circular shall be payable on the revised due dates of the earlier
approved instalment facility as per note (ii) in Para 4, and shall be
subjected to all the conditions of this circular.

(13) The concerned A.O. of Building Proposal department shall maintain the head-
wise details of the amount of installments and head-wise details of the interest
amount. The A.O. shall keep proper record and also monitor the regular
payments to be made by the Developer/ Owner/ Society and also issue demand
letters/Notices to the defaulting Developer/ Owner/ Society immediately under the
intimation to the concerned A.E.(B.P.y E.E.(B.P.).
ln case of failure to make installment payment on due dates, the concern AO BP
shall deposit the post dated cheques, 10 (Ten) days in advance prior to extended
period of three months beyond due date.
The concerned A.E.(B.P.y E.E.(B.P.) shall immediately inform with details of non-
payment of installment amount / work beyond C.C. to concerned Designated
Officer (D.O.) to issue stop work notice as the case may be and also initiate
further course of actions as per Sec.55 of MR & TP Act 1966 as the case may be.
On receipt of all dues/ installments/ penalties, the A.E.(8.P.)/ E.E.(8.P.) witl
inform the concerned D.O. for withdrawal of the Stop Work Notlce/ MR & TP
Notice, as per the merits of the case. The concerned D.O. should take action for
withdrawal of stop work/ MR & TP notice as the case may be immediately as per
the provisions of act and as informed by Building Proposal Department.

W W
L

Chlef Engineer
,olb$1 ta 'l (OcvcloPment Plan)
 1
)
(14) The defaulted amount shall be treated as arrears in property Tax and shall be
recovered accordingly by the Assessment Department of MCGM as per the
relevant provisions in Act and norms, if not paid by the Deveroper/ owner/
Society as per this circular and as and when demanded by the MCGM.

('15) lnstallment payment facility and interest rate to be charged thereon in respect
of
payment to be made to state Government /Dharavi Redevelopment projecu
MSRDC will be in accordance with the poricies that may be formurated and
communicated to the MCGM by respective Departments/Authorities.

(16) The reduced rates of Additional FSI / Fungible compensatory Area as per Govt.
directives issued under section 154 of MR & Tp Act, under no. TpB-
4319/189/CR-123120'lgltJD-11 dtd 20 August 2019, wiil not be applicable for the
Built Up Area already approved prior to 20 August 2019, by availing installment
payment facility.

(17) This policy circular shall replace the earlier circular issued under no.
chE/DP/1391s/cEN dtd 04-09-2019 and be made applicable from 04-09-2019,
hence, while calculating the interest amount for ongoing proposals where
installment payment facility is already granted shall be worked out as per the
interest rate mentioned in previous circulars as referred at sr No (i) and (ii) upto
03-09-2019. Further calculation of interest shall be made as per this circular as
illustrated in Scenario - Vl of Anneiure - A & B.
(18) fhe calculation of premium amount payable to the various authorities other than
MCGM and the amount of installment as being informed by concerned authorities
from time to time and interest thereon shall be calculated and informed to
concern authorities in the formof challan by Building proposal Department.
Further the record regarding monltoring recovery of installment payment and
interest shall be maintained by respective Building proposal Department.
The illustrative example as per above guide lines for the respective clauses
above is annexed as ILLUSTRAT|oN, ANNEXURE ,A' (for buildings having height
less than 70.00 mks.) and ANNEXURE 'B' (for buildings having height equal to or
more than 70.00 mks.), with different scenarios - I to vl, as a guidelines while
calculating the installments & dues, penalties, an interest, etc. simultaneously, the

brqq
Chlef efrgincer
(Development Plan)
qv. $1
 -- q r6t'

format for report to be submitted to the concerned Dy Ch Engineer (8.P.) for obtaining
sanction to installment facility is annexed as ANNEXURE - 'C'.
NOTE: i) The necessary modifications as per the above policy circular will be
made in 'Auto DCR', and till that time the proposals will be processed
with existing offline arrangement.
ii) This circular will supersede the earlier circular issued vide reference
no.(i), (ii) and (iii) for allowing installment payment facility.
iii) This circular shall come into force from 04-09-2019.
iv) This circular shall be applicable only for next two years from 04-09-
2019

t ( tk^
tB
(RB ope (P. Padwal) (Praveen Darade) (Praveen Pardeshi)
ch.E.(DP) C.A.(Finance) A.M.c.(P) Municipal Commissioner
i/c

(r$
\,o
 "\tt'
ILLUSTRATION

1 . Proposed Buillup Area of the Building 10,000.00 Sq.Mt

2. (A) For building less than 70.00 mtr. height
Number of floors stilt + 1"t to 10th floor + 1 lthipt; floor
(B) For building more than 70.00 mtr. Height
Number of floors Stilt + 1't to 30 floors + 31"t (pt) floor

3. Date of sanction for IOD / amended plans

By Dy Ch E (8.P.). (Clause 6(i)) 1"t September, 201 I
4. Total Amount payable to MCGM
depending upon prevailing SDRR Rale
Ru es in lakhs
A) Amount as per Clause (1) (i to v) Rs. 230.00
B) Amount as per Clause (2) (i to iii)
(Other than MCGM ) Rs 150.00
q Amount as per Clause (2) ( i to v) Rs. 750.00
(MCGM payments)
Total Rs. 1130.00

5. Payments to be made at initial stage

Without instalment facility (A) (230.00 ) Rs 230.00

6. Amount considered for instalment

Facility (B+C) Rs 150.00
(Other than MCGM )
Rs 750.00
(MCGM payments)

7. Date of issue of Demand note 4th September, 2019

(within 3 days from receipt of sanction for
IOD / amended plans from concern
Dy Ch E (BP) [Clause (6) (i)]

8. Date of l"tinstalment payable to MCGM

as per calculations 1"r october 2019
(within 1 month from issue of Demand Note)
(Clause (6) (iii))

9. Suppose increase in RR rate as on l"rApril 2020 15%

(Clause 11 , scenario lll)
'10. Amount payable to MCGM as per l"tApril 2020
ASR (if payable in financial year 2020-2021)
(750 + 15% of 750) Rs. 862.50

11 . Rate of an interest : 8.5% per annum

(Clause (8) (a) )

12. Suppose Date ofAmendment to plans 1"tuay, 2021

(DD
br. C
 (Clause 12, ref: Scenario V)

13. Additional Amount payable towards

subsequent
Rs 100.00
Amended Plans :

(Clause 12, ref: Scenario V)

(Scenario I to Scenario V)
14. lnstallments payable shall be as per various Scenarios more than
annexed for buildings less than 70 00 mtrs height as Annexure- A and buildings
70.00 mtr. Height as Annexure- B
15'TheconcernedA'E.(BP)shallissueDemandnoteofthepaymentstobemadeby
installment facility within 3 days from date
of issue of IOD (of
Developer considering
availablepermissibleFSl)incaseofnewproposalsandwithin3daysonreceiptofsanction
proposals'
from concern Dy Ch E (B.P-) in case of ongoing
within 1 month of
'l6.Developer/ Owner/ Society shall deposit demand of 1"t instalment
payment of 1"t instalment' Commencement
issue of demand note Only after receipt of
(B P'y E E (BP) by restricting CC of 1000.00
Certificate will be issued by concerned A E
one complete floor whichever is more'
Sq.mt. BUA. (i.e.10%of approved BUA) ORminimum
lClause (6), (7) & (8) (b)l

A"r'-
(n Hzope)
W
(P. B. Padwal)
C.A. (Finance)i/c
ch.E.(DP)

b\$$
 drt*
ANNEXURE - A
For Building Less than 70 m height
sc ENARIO-l(Clause-8)

Due Dates and amount of installment payable for the New proposals/ongoing proposals

(Rupees in lakhs)
Basic amount Refer 4 ( C ) of illustration Rs 750.000
'l st lnstallment 1st Oct 2019
a) 10% ofa ( C ) RS 75.000

2 nd lnstallment 1st Oct 2020

a) 22.5 o/o of 4( C ) 168.750
b) 8.50 % interest P.A on balance amount
(750.00-75.00=675.00) for 1 2 months
ie 8.50% on Rs 675.00 57.375 .

ns.l-narzE

3rd lnstallment 1st Oct 2021

a) 22.5 o/o of 4( C ) 168.750
b) 8.50 % interest P.A on balance amount
(750 -75-168.75 = 506,25) for 12 months
ie 8.50% on Rs 506.25 43.031
Rs 211.781

4th lnstallment 1st Oct 2022

a) 22.5 o/o of 4( C ) 168.750
b) 8.50 % interest P.A on balance amount
(750 -75-"168.75 -'168.75 = 337.50) for'12 months
ie 8.50% on Rs 337.50 28.688
RS '197.434

5th lnstallment 1st Oct 2023

a) 22.5 o/o of 4( C ) 168.750
b) 8.50 % interest P.A on balance amount
(750-75-1 68.75-1 68.75-1 68.75= 1 68.75)for'1 2 months
ie 8.50% on Rs 168.75 14.344
ns.l-rs3.o%l

/1

(R. pe) (P. Padval)

ch.E.(DP) C.A.( Finance)i/c

@u
 o\4\
ANNEXURE.A
For Building Less than 70 m height
SCENARIO- ll ( Clause-10)

lf Developers default at the time of 2nd installment

Basic amount of installment Rs 750.000

lnstallments paid :
1st lnstallment lst Oct 2019
a) 10ok ol 4(C) nsl--zrooril
lnstallment due
2 nd Installment 1st Oct 2020
(Refer Scenario-l) ns.l-zzsrzsl

Note On failure to deposit the 2nd installment amount of Rs 226.125 along with interest of
8.50 0/o (on Rs 226.'125) within 03 months from due date of installment i.e. on or
before 1"r January 2021 ,the stop work notice as per MMC Act 1888 and also action as
deemed fit as per Section 55 of MR & TP Act 1966 will have to be initiated against
the Developer/ Owner/ Society immediately by informing concerned D.O. with specific
details about non-payment of dues and work beyond approvals as the case may be as
illustrated above.

ln such case, amount payable by the Developers/Owners/Society shall be arrived as

follows:
i) Payment payable for the project shall be recalculated as per the SDRR Rate of
prevailing year on the date on which due payment is being made by
the developer.
Then from such recalculated payment, amount of payment already paid shall be
deducted However, any interest amount paid will not be allowed to
be adjusted
against recalculated payment or any other amount payable to MCGM.
ii) The amount of balance installments along with applicable interest from the date of
deferred installment till the date on which due payment with interest is being made by
the developer.
The amount whichever is more out of calculations (i) and (ii) above shall be
recovered from the Developers / Society / Owner as
illustrated in Scenario{ll of
Annexure- A .

fui
(R.Bl1ope) (P Padval)
ch.E.(DP) C.A.(Finance)i/c

lqon
 ANNEXURE-A
dd3
For Build ing Less than 70 m heieht
SCENARIO - lll (Cla use -10)

paid earlier instalment with

(A) lf Developers default at the time of lll'd instalment and has
interest:
(a) lnstallments Paid
RS 75.000 ( a)
l"t lnst.: 1d October 2019
RS 226.125 (b)
llnd lnst.: 1"r October 2020

(b)
lnstallments due
llld installment (due date is 1st october 20211 211781 (c) Rs
x) lf Developer makes payment within 6 (Six) months of default ie on or before 31d March
2022 then the amount will be recovered as below :

(i) 3nd lnstallment amount due Rs. 211.781 ( c)

(ii) An interest Amount for 3rd lnstallment for
06 months, 8.5% interest P.a. on ( C ) Rs 9.001
Total RS 220.782 X

RS 197.438
Add balance installmemt ie 4th
5th RS 183.094 z
Total 1x+y+21 RS 601.3'13 (Compare with
Scenario-lV)

AstheDeveloperisindefaulttopaytheinstallmentpaymentwithintheextenededgraceperiodof
shall be compared with the amount to be
thiee months, the amount worked aoove ie Rs 601.313
*oif"o beiow and the higher amount shall be paid by the developer'
".
within 03 months from the due
on failure to deposit the 3d installmet amount with interest of 8.50
out as under as per 10' clause
Jate of installment, the amount payable will be worked

(Rupees in lakhs)
lnstalments Paid
RS 7s.000
l"t lnst.: "toctober 2019
l
RS 226.125
llnd lnst.: 'l"t october 2o2o

i.e. 'l"roctober 2021 and also Payment is

lf Default is made at time of payment of llld instaltment
(Clause 10) lil l"t January 2022 ' lhen
not made for the amount as mentioned in Scenario lll
is more between the amount worked out
Developer will be required to p"y tn" amount which ever
as iltusirated in Scenaria lll or the amount worked out
below:
initially shall be reworked as per
Total Amount for which instatment facility has been sought
prevailing current Year SDRR Rate

SC NARI - llr ( Clause -10)....c on tinued on next oaqe. ,..,

A'r L
1n.ar3)ne)
(P. B Padval)
ch.E.(DP) C.A.(Financeli/c

9\q
 SCENARIO .III Clause - 10 ) 1.... Continued fro earlier oaoe.....
For sake of calculations it is presumed as the SDRR Rate is increased by 15% during this period,
the working will be as under :

[750 + 15% of 7501 Rs. 862.500 (a)

LESS : Net Principal amount of Two instalments
Already paid (without an interest amount)
(75.00 + 168.75 =243.75) Rs. 243.750 (b)
Therefore, Net Payable Amount will be (a-b) Rs. 6'18.750 (x)
This amount (x) is to be compared with Total amount
due at default time as per Scenario lll Rs. 601.313 (y)

Rs.618.750 is more than the amount Rs 601 .313 as worked out above.
Hence Rs 618.750 will have to be recovered after 1o April 22. An interest of Rs, 57.375
paid with ll"d instalment will not be adjusted or credited against any payment.

And this balane amount of Rs 618.75 shall be distributed equally in the balance
installments time schedule with 8.50 % interest P.A. as below:
As 3rd,4th & 5th installemt is balace; the amount of Rs 618.750
shall be distributed equally in three parts ie 1i3, 1/3 &1/3.
lmmediate 1/3 amount to be paid Rs. 206.250
'I /3 0f Rs 618.75
4th lnstallment 1st Ocl2O22 Rs. 206.250
b) 8.50 % interest P.A on balance amount
(618.75 - 206.25 = 412.50) for 06 months
ie 8.50% P.A.on Rs 412.500 Rs. 17.531
223.781

sth lnstallment 1st Oct 2023 Rs. 206 25

b) 8.50 % interest P.A on balance amount
( 618.75 - 206.25-206.25 = 206.25) for l2months
ie 8.50% on Rs 206.250 Rs. 17.531
l rl:inl

(R (P al)
ch.E.(DP) G.A.(Finance)i/c

(@

het\
 "\#
ANNEXURE - A
For Buildinqs less th an 70.00 mtrs heiqht
Scenario-lV [Clause - (11)I
lf the Developer constructs built-up area beyond CC or beyond approved plans on 1s July
2020, then all balance three instalments will be due on l"tAugust 2020, with the annual
interest of 8.5% from the date of sanction by Dy.Ch.E.(8.P.) (1n September, 2019)

(Rupees in lakhs)

A) The Balance Principal Amount of the 2 installments Rs 675.000 a

(750.00 - 75.00 = 675.00)

The 8.50lo an interest on above amount from the date of

IOD (i.e. for 1 1 months) 675.00 @ 8.5% for 11 months Rs 52.594 ... b
Tolal Amount to be recovered (a) + (b) Rs 727.594

B) Also the balance 90% premium amount shall be worked out considering the prevailing SDRR
rate , as illustrated in Scenario-lll

The amount whichever is more of that calculated as per A & B above shall be
recovered. ln addition, the regularisation charges as per policy will also be applicable &
same shall be recovered immediately.

Note :
."On failure to deposit the amount to be recovered as worked out above, the stop work
notlce as per MMC Act 1888 and also action as deemed fit as per Section 55 of MR & TP Act
1966 will have to be initiated against the Developer/ Owner/ Society immediately by informing
concerned D.O. with specific details about work beyond approvals.

**Thereafter, the entire amount due shall

be recovered with 8.50 % interest p.a. or as per
recorrecled payment whichever is more till actual date of payment. ln case
Developer/Owner comes forward for regularisation of the work carried out beyond approval
/CC, the regularisation proposal will be dealt separately on ts merit by recovering
regularisation penalty in addition to the due instalment amount (including penal interest as
illustrated above)

(R, B pe) Padval)

ch.E.(DP) C.A.(Finance)i/c

{6rotl
 A51t
ANNEXURE - A
For Buildin S less than 70.00 mtrs hei ht
Scenario V I Glause - (12)l

Amendment is done (on 1't May 2O2O) before payment of 2nd instalment.
lnitial Approved Due Dates & Instalments on original Amount Payable as per Scenario I is
as below.
u es in lakh

l't lnst.: 1't october 2019 Rs. 75.00

llnd lnst.: 1't october 2020 Rs. 226.125
Illd lnst.: 1"t October 2021 Rs- 211.781 -

lVs lnst.: 1st octobet 2022 Rs. 197.438

Vh lnst.: 1"t october 2023 Rs. 183.094

Subsequent Additional Amount Payable for

Amended Plans Rs 100.00

On 1"t May 2O2O only one Instalment have already been paid
As such it is proposed to recover additional amount in five instalments
First instalment will be 10% of the additional amount which shall be paid within one month
from the approval and balance 90% amount will be divided in to four equal parts of 22.5o/o
each and the same will be recovered on the due dates of the earlier instalment approval
along with the interest for the period as per the due dates.

First instalment of 10% on or before 1d June 2020 = Rs.10.00

Balance Rs.90.00 will be payable in four instalments with an interest along with the original
instalment Amounts hence revised 2nd , 3d , 4b and 5h instalment will be as below:-
2nd lnst.: l "toctober 2020

a) Original amount of instalment incl. interest Rs.226.125

b) Amended plans instalment principal
amount Rs. 22.5
c) lnterest on balance amended plan amount
of Rs.90.00 @ 8.5 for 4 months
90.00@8.5%for4month Rs. 2.55

Total Rs.251.175
3'd lnst. lsroctober 2021

a) Original amount of instalment including

interest Rs. 21 1.781
b) Amended plans instalment principal
amount Rs. 22.50
c) lnterest on balance amended plan amount
of Rs.67.50 @8.5% for 12 months
67 .5O @ 8.5 o/o Rs. 5.738
Total Rs. 240.019

C TDP)
ea\1'\1
 4th lnst.: 1't Octobet 2O2Z

a) Original amount of instalment including

interest Rs. '197.438
b) Amended plans instalment principal
amount Rs. 22.50
c) lnterest on balance amended plan amount
of Rs.45.00 @ B.So/o for 12 months
45.00 @ 8.5 % Rs. 3.825
Total Rs. 223.763
Sth lnst.: l't October 2023

a) Original amount of instalment including

interest Rs. 183.094
b) Amended plans instalment principal
amount Rs. 22.50
c) lnterest on balance amended plan amount
of Rs.22.50 @ 8.5o/o for 12 months
22.50 @ 8.5 a/o Rs. 1.91
Total Rs. 207.504

(.uore , lf there are any defaurts in payments of either of 2nd , 3'd , 4s and 5th instarments
then default payments shall be worked out as given in Scenarios li
and lll)

(R B, pe) (P B Padwal)
ch.E.(DP) C.A. (Finance)i/c

b,/s
 o\51q
ANNEXURE - A

For Buildin qs less than 70.00 mtrs heiqht

Scenario Vl I Clause - (17)I
lf Developers default payment at the time of 2nd lnstallment in earlier approved
instalment facility.
(a) lnstallment paid (Rupees in lakhs)
l"r lnst.: lstApril 2018 Rs 75.000

(b) Developer is defaulter in payment of 2nd installment due on 01.04.2019 and comes
for payment on 01.12.2019.
llnd lnst.: ll"tApril 2019.

(i) 2 nd lnstallment Principle Amount Rs 337.500 ....4

(ii) 3 rd lnstallment Principle Amount RS 337.500 ....b
Balance Principle amount 675.000 ....c

(iii) 12% lnterest for one year period on all balance Rs 81.000 ....d
principle amount of Rs 675.00
( from 01.04.2018 to 01.04.2019)

(iv) 18% lnterest for 3 months grace period / extension

upto 03.09.2019 (from 01.04.2019 to 03.09.2019 )
i. e for about 5 months & 3 days as per earlier circular
lb(i) + b(iii)l X 18% X 1s6/365 days
ie [337 50 + 81]X 18% X 156/365 Rs 32.'196

(v) 8.50 % lnterest from 04.09.2019 to 30.1 1 .2019)

i.e. for 89 days to be applied as per this circular.
= Ib(i) + b(iii)l x 8.s0 % x 89/365
ie [337.50 + 81] x 8.s0 % X 89/365 Rs 8.674

(vi) Total PayableAmount on 01.12.2019wi|| be

(i)+(iii)+(iv) + (v) Rs 459.370

Hence, Rs 459.370 towards 2nd installment will have to be recovered on

O1 .12.2019 as worked out based on the earlier circular applicable upto 03.09.2019 and from
04.09.2019 onwards as per this circular.
The balance instalment amount and scheduled dates of installment of earlier
approved lnstallment Payment facilty shall be got modified in accordance with this circular.

t.
(RB ope) (P. B. Padval)
ch.E.(DP) C.A.(Finance)i/c

%r*r
 ANNEXURE B
For Building more than 70 m height
SCENARIO- | ( Clause-8 bI
"\r-t
Due Dates and amount of installment payable for the NevFresh proposals/ongoing proposals

Basic a mount Rs 750.000

1st lnsta llment 1st Oct 2019

a) 10% of 40 Rs 75.000

2 nd lnstallment 1st Oct 2020

a) 18% of 4( C) 135.000
b) 8.50 % interest P.A on balance amount
(750.00-75.00=575.00) for 12 months
Rs 575.00 57 .37 s
Rs , rr?ql
3rd lnsta llment 1st Oct 2021
a) 18%of 4( c) 135.000
b) 8.50 % interest P.A on balance amount
(750 -75-135 = 540) for L2 months
Rs 540.00 45.900
Rs 180.900

4th lnstallment 1st Oct 2022

a) 18%of 4( C) 135.000
b) 8.50 % interest amount
P.A on balance
(750 -75-135 -135 = 405) for 12 months
Rs 405.00 34.425
Rs 169.425

5th lnstallment 1st Oct 2023

a) 18%of a( c) 135.000
b) 8.50 % interest P.A on balance amount
(750 -75-135-135-135 = 270 for 12 months
Rs 27O.OO 2 2.9 50
R5 157.950

6th lnstallment 1st Oct 2024

a) 18% ofa( c ) 135.000
b) 8,50 % interest P.A on balance amount
(750 -75-135-135-135-135 = 135) for 12 months
Rs 135.00 tL.475
Rs. L46.475

(R
ch.E.(DP)
ope) (P.
C.A.(
W F
. Padval)
inance) i/c

fuos
 ,\t"
ANNEXURE B
For Building more than 70 m height
SCENARIO - ll ( Clause-10)

lf Developers default at the time of 2nd installment

Basic amount of installment Rs 750.000

lnstallments paid :
1st lnstallment 1st Oct 2019
a)10ohol 4(C) Rs 75.000

2 nd lnstallment 1st Oct 2020

(Refer Scenario-l) ns.l-rgmzE

Note: On failure to deposit the 2nd installment amount with interest of 8.50 % within
03 months from due date of installment i.e- on or before '1"t January 2Q21 ,the
slop work notice as per MMC Act 1888 and also action as deemed fit as per
Section 55 of MR & TP Act 1966 will have to be initiated against the Developer/ Owner/
Society immediately by informing concerned D.O. with specific details
about non'
payment of dues and work beyond approvals as the case may be as illustraled above.

ln such case, amount payable by the Developers/Owners/Society shall be arrived as

follows.
i) Payment payable for the project shall be recalculated as per the SDRR Rate of
prevailing year for the area on the date on which entire payment which was differed is
being made by the developer. Then from such recalculated payment, amount of
payment already paid shall be deducted However, any interest amount paid will not be
allowed to be adjusted against recalculated payment or any other amount
payable to MCGM.
ii) The amount of balance installments along with applicable interest from the date of
deferred installment till the date on which differed entire payment with interest is being
made by the developer.
The amount whichever is more out of calculations (i) and (ii) above shall be
recovered from the Developers / Society / Owner as illustrated in Scenario-lll of
Annexure- A & B.

(R
ch.E.(DP)
pe)
M(P
C.A. ( F
Padval)
ina n ce) i/c

6.,tat
 ANNEXURE-B "w
For Building more than 70 m height
SCENARIO - lll (Clause - 10 )

(A) lf Developers default at the time of 3'd instalment and has paid earlier
instalments
with interest :
(a) lnstallments Paid
Rs 75.000 ( a)
l"t lnst.: 1't october 2019
RS 192.375 ( b)
llnd lnst.: 1't october 2020

(b) lnstallments due

lll'd install ment (due date is 1st October 2021) Rs
180 900 ( c)
x) lf Devlloper makes payment within 6 (Six) months of default
ie on or
as below:
before 31"t March 2022 then the amount will be recovered
(i) 3"d lnstallment amount due Rs.
180.900 (c)
(ii) An interest Amount for 3rd lnstallment for
06 months, 8.5% interest P.a. on ( C ) Rs.
7.688
Total Rs.
188.588 X
Add balance installmemt ie 4th Rs.
169.425 Y
and 5th '157.950 Z
Rs.
and 6th Rs. 146.475 Z1
Total (x+Y+21 ns. f eez.csd
payment within the exteneded
As the Developer is in default to pay the installment
Rs 662 438 shall be
grace period of three months, the amount worked above ie
compared with the amount to be worked as below and
the higher amount shall be
paid bY the develoPer.

On failure to deposit the 3'd installmet amount with interest of

(B) 8.50/r'vithin 03
due date of installment, the amount payable will be worked out
as
months from the
under as Per clause 10.

(Ruoees in lakhs)
lnstalments Paid
Rs. 75.000
l"t lnst.: l "toctober 2019
Rs. 192.375
llnd lnst.: 1't october 2020

lf Default is made at'time of payment of lll'd installment i.e. 1"t October 2021 and also
payment is not made for the amount as mentioned in A above
lill 1"t January 2022 '
ih-Jn Developer will be required to pay the amount which
ever is more between the amount
worked out as illustrated in A above or the amount worked out below:

Total Amount for which instalment facility has been sought initially
shall be
reworked as per prevailing current year SDRR Rate

SC ENARIO - III (CIause -10)....c ontinu edonn ext paqe....,

4'r"
(R.B.Zope) (P. a al)

ch.E.(DP) C.A.(Financeli/c

6r,ntt
 SCE NAR to-il Clause - 10 Contin u ed from earlier paq
For sake of calculations it is presumed
as the SDRR Rate is increase d by 15%
during this period, the working will be
as under :
[7 5Q + 15o1o s17591
LESS : Net principat amount of rwo
Rs
862'500 (a)
instalments
Already paid (without an interest amount)
(75.00 + '135.00 =210,00)
rhererore, ru"t p"r,Jr" nrount wir be (a-b) [i. ,t,.
311.333 .,
This amount is to be compared with Total
amount
due at default time as calculated in A above
Rs. 662.438 ....I
is more than the amount Rs 652.500
as worked out above as per
!;_T?rtt
Hence' in this case as the amount recarcurated
considering the SDRR rate ie Rs
652.500 is less than the amount as per
the ,ppr"*J ,"i"f ments, the amount
per the installment will be recovered f
as
as per tne apprw"J-."nuOrt".

NOTE : lf the amount recalculated considering

the SDRR rate is more than the
amount of installments ie Rs 662.43g, then
thJamouni recatculated as per SDRR
shall be-recovered by distributing equaily
in th" b;ir;;; initarrments time schedure
with 8.50 % interest p.A.

As 3rd,4th' sth & 6th instaremt is barace; the

amount shat be distributed equary in
four parts ie 1t4,1t4,1t4 and114 - For this
distribution in" s""n"rio-, of Annexure
'A' may be referred,

9
(RB o pe) Padval)
ch.E.(DP) C.A. (Fin an ce)i/c

LAsl
 t
)#
An nexure - B
For Buildin sMo than 7 .00 m hei
Scenario JV lClau s e - (11)'l

plans on lttJuly
lf the Developer constructs built-up area beyond CC or beyond approved
2020, with the annual interest
2020, then all balance three instalments will be due on l'tAugust
of 8.5% from the date of sanction by Dy.Ch.E (B P ) (l"rSeptember' 2019)

The Balance Principal Amount of the 5 installments Rs 675'000 .,.4

(750.00 - 75.00 = 675.00)

The 8.5olo an interest on above amount from the date of

months)
IOD (i.e. for 1 1 675.00 @ 8 5olo for 11 months Rs 52'594 b

Total Amount to be recovered (a) + (b) Rs 727 '594

policy will also be applicable & same

Note:- ln addition, the regularisation charges as per
shall be recovered immediatelY.
onfailuretodeposittheamounttoberecoveredasworkedoutabove,theSlopworknotice
MR & TPAct1966
asperMMCnci t oeg and atso acrion as deemed fit as per section 55 of
by informing
will have to be initiated against the Developer/ Owner/ Society immediately
concerned D,O. with specific details about work beyond approvals'

Thereafter'theentireamountdueShallberecoveredwith8.S0%interestp.a.oraSper
recorrected payment whichever is more till actual date of
payment ln case
work carried outb b beyond approval
Developer/Owner comes forward for regularisation of the
/CC, the regularisation proposal will b; dealt separately
on its merit by recovering
regrrarisadn penalty in addition to the due instalment amount
(including penal interest as
illustrated above)

(R Padval)
ch.E.(DP) C.A.(Finance)i/c

Qvm
 r\..'
A NNEXURE - B
For buildi n mo re than 70.00 mtr.heiqht
Scenario V Clause - 12

Amendment is done (qn 1"t May, 2021) before payment of 3rd instalment'
lnitial Approved Due Dates & lnstalments on original Amount Payable
as per scenario I is
as below.
in lakhs
-7q
l"tlnst.: 1"t October 2019 Rs. .00
llndlnst.: l"toctober 2020 Rs. 192.375
llld lnst.: 1"t October 2021 Rs. 180.90

lVelnst.: l"toctober 2022 Rs. 169.425

Rs. 157.950
Vslnst.: 1'r october 2023
vls lnst.: 1"t October 2024 RS, 146.475

Subsequent Additional Amount Payable for

Amended Plans Rs100.00
paid as per original
on 1"t october 2020 Two lnstalments have already been
As such it is proposed to recover additional amount in five installments
""'' -'iirrrin.t"ir."ni
anoroval.
of the additional amount which shall be paid within one
*iir be 10%
90% amount will be divided in to four equal parts of
month ir;;
ine
"pprouaf "nJb"i.n."
22.5o/oeachandtheSamewillberecoveredontheduedatesoftheearlierinstallment
,ppiorrf along with the interest for the period as per the due dates'
First installment of 10% on or before l"tJune 2021 = Rs 10 00

BalanceRs.g0.00willbepayableinfourinstalmentswithaninterestalongwithlheoriginal
will be as below:-
instatment Amounts hence ievised 3,0 , 4* , 5h and 6s instalment
3'd lnst.: 1't october 2021

a) Original amount of instalment incl. interest Rs.. 180.90

b) Amended plans instalment principal
amount Rs. 22.5
c) lnterest on balance amended plan amount
of Rs.90.00 @8.5lor 4 months
90.00@8.5%for4month Rs. 2.55

Total Rs. 205.95

4s lnst.: 1'toctober 2022

a) Original amount of instalment including

interest Rs.'169.425
b) Amended plans instalment principal
amount Rs. 22.50
c) lnterest on balance amended plan amount
of Rs.67.5 @85% for'12 months
67 .5A @ 8.5
o/o Rs. 5.738
Total Rs. 197.663

Gte\
5s lnst.: l"toctober 2023

a) Original amount of instalment including

interest Rs. 157.95
b) Amended plans instalment principal
amount Rs. 22.50
c) lnterest on balance amended plan amounl
of Rs.45.00 @8.5Yo for 12 months
45.00 @ 8.5 % Rs. 3.825
Total Rs. 184.275

6h lnst.: l't October 2024

a) Original amount of instalment including

interest Rs. 146.475
b) Amended plans instalment principal
amount Rs. 22.50
c) lnterest on balance amended plan amount
of Rs.22.50 @ 8.5Vo for 12 months
22.50 @8.5o/o Rs. 1.91
Total Rs. 170.885

(NOTE : lf there are any defaults in payments of either of 3'd , 4th , 5th and 6h instatments
then default payments shall be worked out as given in Scenarios ll and lll)

hr.p"
UilW
s0,La
ch.E.(DP)
(P.'B Padwal)
C.A.(Finance)i/c

Qzn
 ,\oq'

ANNEXURE - B

For B ildin more than 7 0.00 m rs hei t

Scenario Vl fClause -( 7)l
lf Developers default payment at the time of 2nd lnstallment in earlier
aPProved
instalment facility.
(Rupees in lakhs)
(a) lnstallment Paid
l't lnst.: 1'rApril 2018
Rs 75.000
comes
(b) Developer is defaulter in payment of 2nd installmentdue on 0l'04'2019 and
for payment on 01 .12.20'19'
llnd lnst.: t l"tApril 2019.
RS 225.000 ..--a
(i) 2 nd lnstallment PrinciPle Amount
Rs 225.000 .... b
(ii) 3 rd lnstallment Principle Amount
RS 225.000 ..,.c
(iii) 4 th Installment PrinciPle Amount
Balance PrinciPle amount 675.000 ....d

(iv) 12% lnterest for one year period on all balance

Rs 8'1.000
princlple amount of Rs 675 00
( from 01 .04.2018 to 01 .04 20'19)

(v) '18% lnterest for 3 months grace period / extension

upro 03.09.2019 (from 01 .04.2019 to 03 09 2019 )
i. e for 5 months & 3 days as per earlier circular'
tb(i) + b(iv)l X 18% X 156/365 daYS
ie [225.00 + 81]x 18% x 156/365
Rs 23.541

(vi) 8.50 % lnterest from 04.09.20191o 30'11 2019)

i.e. for 89 days to be applied as per this circular
o/o X 89/365
= tb(i) + b(iv)l X 8.50
ie [225.00 + 81] X 8.50 % X 89/365 -= Rs 6.342

(vii) Total Payable Amount on 0'l .t 2.20'19 will be

(i)+(iv)+(v) + (vi) Rs 335.883

Hence, Rs 335.883 towards 2nd installment will have to be recovered on

ol.l2.2olgasworkedoutbasedontheearlierCircularapplicableuptoo3.09.20l9andfrom
04.09.2019 onwards as per this circular'
Thebalanceinstalmentamountandscheduleddatesofinstallmentofearlier
got modified in accordance with this circular'
approved lnstallment Payment facilty shall be

4r'
(R. Yzope)
ch.E.(DP)
W
(P B. Padval)
C.A.(Finance)i/c

%\,N
 .Iu+
ANNEXURE -'C'

for obtaining approval in respect of

Format for Report to be submitted ro Dy.Ch.E.(8.P.)
allowing installment payment facility

MUICIP AL CO RPORATIO NOFG REATE R MUMBAI

Sub:.ReSidential/commercia|/lndustrialBuildingproposedonplot
bearing C T S Nos' Village--etc'
for
ffio-- - oated-
requesting
nef:- i) oevejoper's tetter
lnstallment facilitY'
lil nicnitects leiler--'
u/no dated- for requesting
lnstallment facilitY'
iii)Building File No
Plan for reference: at Pg -
-
ReferenceisrequestedtotheArchitect's/Developer'sabovereferredletterdtd'
- facility in installment of
wherein lt is requesLo-to ,llo* p"y."nt
various amounts
per the Policy in this regards.
p"V"Ur" t" iiCCuf in |.L.pJ.iot oritding peimissions as

Architect has submitted the plans for- FSI' The necessary concessions are
arre"oy rppio*d by the Hon',ble M-C. uino.- dated- / concessions are now
amount payable to MCGM for new
il;;{J;"; approval of Hon. M.C. The
reference is Rs
liooo."r-rno"1- ieference/ the amendment to the proposal under
[niln i" more than required amount of Rs 50,00,000/-
-minimum
respect of the proposal
There has been no default in payment by the developer in -'
under reference.

DyCA(Rev)lllisrequestedtoscrutinisetheproposalandSubmittoDyChE(BP)
for approval.
to-
ln view of the above, the Dy.Ch E (B P )'s approval is requested

PointNo.():-Tograntthepaymentfacilityininstallmentsinaccordancewiththe
policy circutar ulno._ dio___ iorine proposil under reference, since the amount of
i"v'i"nt to rvrccrra is]fr-s.__--, which is hoie than required amount of Rs. 50,00'000/-
lnl tn"r" has been no defa-un in payment by the developer in respect of the proposal under
Liur"""" subject to fulfilment of all the required conditions in the policy'
Submitted Please.

E.E. (B.P.

DvcA (Rev .) ill

Dv. Ch. E. B. P.)

(R pe)
Gh.E.(D.P.)

\qF\