Tag: Mahindra Kalyankar

IndustryLatest Stories

Andheri to Begin Mumbai’s First 100-Acre Slum Redevelopment

Representative Image MUMBAI: Three corporations are vying for Mumbai’s inaugural cluster Slum Rehabilitation Authority (SRA) project, covering 100 acres in Andheri (West). The Juhu Gulli SRA scheme encompasses 28,061 slum hutments, existing residential tenants, and owners, stretching from Juhu Galli (C D Barfiwala Road) to the rear of Hansraj Morarji Public School. Under this cluster initiative, slums can be integrated with dilapidated non-slum buildings, tenant-occupied structures, and vacant plots unsuitable for construction. For the first time, major corporations in real estate—Shapoorji Pallonji Real Estate, Reliance 4IR Realty Development Ltd, and JSW Realty & Infrastructure Pvt Ltd—are participating in an SRA…

Latest StoriesRegulatory

SRA Targets 219 Rehab Buildings in Mumbai Lacking OC

Representative AI image MUMBAI: The state government has initiated an amnesty scheme aimed at regularizing buildings lacking an Occupancy Certificate (OC). In response, the Slum Rehabilitation Authority (SRA) has issued notices to over 200 buildings citywide that have not obtained an OC but have been allocated to eligible slum dwellers. According to SRA data, there are 219 SRA rehabilitation unit buildings without an OC across the city’s 24 administrative wards. Consequently, the slum dwellers residing in these buildings are denied corpus funds for maintenance, and developers often pressure them to occupy the units before an OC is acquired to avoid…

Latest StoriesResidential

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.…

IndustryLatest Stories

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…