The BMC will offer an additional floor space index of one to any developer who is willing to give alternative accommodation in place of protected and tolerated structures that obstruct road widening.
The municipal corporation has proposed to spend Rs 18,000 crore on various infrastructure projects across the city.
The provision for providing incentives in exchange for space has already been made in the Development Control and Promotion Regulation-2034, said municipal commissioner Iqbal Singh Chahal on Wednesday.
The commissioner reiterated that BMC does not have the funds to acquire land reserved for various amenities and will offer transfer of development rights and accommodation reservation to make land available for public use.
BMC has again budgeted Rs 100 crore to pay off small clusters of slum-dwellers — a small cluster is defined as 10 units to 20 units — when their dwellings obstruct the completion of an infrastructure project. The compensation will be paid in accordance with the ready reckoner rate.
BJP MLA Parag Alavani said the compensation would be too meagre and not enough to buy a dwelling unit. “This has been proposed in the past but has not worked,” the MLA said.
