Tag: Mahindra Kalyankar

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Mumbai Aims for 500K SRA Homes in 5 Years, Doubling Past Output

MUMBAI: The Slum Rehabilitation Authority (SRA) has launched a project implementation unit (PIU) in a bid to bring over 500,000 homes to slum dwellers within five years, surpassing the total number of homes built in the 29 years since its inception. Despite having delivered only 275,000 homes since its establishment in 1996, the SRA has recently implemented reforms, including drone and biometric surveys, which have expedited the delivery of 16,017 units within just 100 days. In the fiscal year 2024-25 alone, 16,673 units were completed, with a current target of 509,783 homes by 2030, and 334,000 units already under construction.…

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Mumbai: SRA Gathers ₹1,386 Crore Rent from Builders in 3 Years

Representative image created by AI MUMBAI: In a significant effort to tackle builders who are defaulting on rent payments to slum dwellers, the Slum Rehabilitation Authority (SRA) has successfully collected dues amounting to Rs 1,386 crore over the past three years. This includes Rs 601 crore from regular schemes, Rs 134 crore from an amnesty program, and Rs 650 crore due to a new directive mandating builders to prepay two years of rent to the agency. According to SRA data, out of the Rs 880 crore owed from regular projects, Rs 279 crore remains uncollected. Additionally, the outstanding amount from…