Slum Rehabilitation Authority Asks State to Provide Instalment Facility for Its Projects

Slum Rehabilitation Authority Asks State to Provide Instalment Facility for Its Projects

The Slum Rehabilitation Authority (SRA) has asked the State Government to permit developers of its projects to pay the dues/charges as well as premiums in instalments. Currently, this facility is provided to the BMC, MHADA, MSRDC, and MMRDA since Sep 2019 while leaving out developers attached to the SRA.  

The CEO of SRA Satish Lokhande has written a letter to the Principal Secretary (Housing), SVR Srinivas requesting the authority to include SRA developers under its policy. It is said that around 370 projects handled by the SRA are currently halted due to a lack of funding.

Also readMaharashtra Government Announces Separate SRA For MMR

This comes as the State Government announced a new lien scheme to aid struggling SRA projects earlier this year wherein developers who are unable to pay development charges or premiums were allowed to lien flats from their sale component to continue construction, 

BJP MLA Mihir Kotecha has been a vocal ally of the SRA and has also written to the Chief Secretary Sanjay Kumar. “It’s a double whammy for redevelopment slums with the Covidinduced slowdown and the absence of instalment facilities. Builders of SRA projects should have been the first ones to get the facility as they have to pay rents to slum-dwellers,” he was quoted as saying by Mumbai Mirror.

ReadNew Slum Rehabilitation Authority (SRA) Department To Be Set Up For MMR

State Housing Minister Jitendra Awhad said that the rules need to be amended to include the SRA. “Among the BMC, MHADA and the SRA, the latter is the most important as it carries out slum rehabilitation. I will talk to UD minister Eknath Shinde and UD Principal Secretary Bhushan Gagrani to amend the September 2019 letter and add SRA to the list,” he said.

As per the BMC’s current rules, developers that are working on buildings of up to 70 metres in height can make payments in five instalments. Under these rules, 10 per cent will have to be paid as part of the first instalment while 22.5 per cent will have to be paid in the next the four instalments. However, developers that are involved with buildings of over 70 meters in size can repay the dues in six instalments - 10 per cent in the first instalment and 18 per cent over the next five instalments. 

Also readBJP MP Gopal Shetty Demands Acceleration Of Pending Projects Under SRA

MumbaiLive would like to send you latest news updates