Tag: Slum Rehabilitation Authority

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Lodha Developers acquires 945 apartments in Mumbai’s Mankhurd for ₹567 crore

Representative Image Lodha Developers has acquired over 945 apartments as permanent transit camp (PTC) units in Mumbai’s eastern suburb of Mankhurd from another real estate developer in a transaction valued at Rs 567 crore. This is the largest SRA-linked asset transfers recorded so far and reinforces the growing trend of offsite PTC fulfilment in Mumbai’s real estate market. The transaction involving bulk purchase of apartments includes a total built-up area of 3.39 lakh sq ft and is a compliance-driven move. The company has paid stamp duty of Rs 34.02 crore for the registration of the bulk transaction that took place…

Industry

SRA invites tenders for ten slum redevelopment schemes in Mumbai

MUMBAI: The Slum Rehabilitation Authority (SRA) which for several decades has merely been issuing Letters of Intent and NOCs to private builders for slum redevelopment schemes will now be appointing contractors to construct these buildings. The authority has invited bids for redevelopment of ten stalled slum redevelopment schemes at Andheri West, Antop Hill in Wadala, Goregaon, Jogeshwari Vikhroli Link Road, Vikhroli, Chembur and Deonar. The total slum area is 19 acres and 4740 slum households are to be rehabilitated. The ten slums are part of the 228 stalled slum schemes that have been distributed to various govt agencies such as…