Here’s a summary of Regulation 33(7) concerning the reconstruction or redevelopment of cessed buildings, based on the provided DCPR 2034 document:
Regulation 33(7): Reconstruction or Redevelopment of Cessed Buildings in the Island City
Regulation 33(7) addresses the reconstruction or redevelopment of cessed buildings in the Island City1. This regulation aims to facilitate the upgrading of older, often dilapidated buildings while protecting the interests of existing tenants.

Key Provisions:
● Applicability: This regulation applies to cessed buildings in the Island City2.
● FSI: The permissible Floor Space Index (FSI) is 3.00 on the gross plot area or the FSI required for rehabilitation plus incentive FSI (ranging from 50% to 70% depending on composite development)3.
● Fungible Compensatory Area (FCA): FCA is granted without charging a premium in redevelopment schemes under Regulation 33(7)4.
● Consent: A certain percentage of irrevocable written consent from the existing occupiers is mandatory for redevelopment projects under this regulation5.
● Corpus Fund: A corpus fund is mandated to be created by the developer for the long-term maintenance of the rehabilitated buildings6.
● Rehabilitation: The regulation prioritizes the rehabilitation of existing tenants.
● Additional details Height and open space requirements, while allowing for some relaxations, still apply7.
This regulation provides a framework for redeveloping cessed buildings, balancing the need for modernization with the protection of tenant rights.