Maharashtra sets up panel to push stalled slum rehabilitation projects, ET RealEstate

July 13, 2023

MUMBAI: The state government has set up a committee under the secretary (housing) to give a fresh impetus to redevelopment of stalled slum rehabilitation projects.

A new scheme to restart stalled projects had been announced by the government in May last year. In response to the new scheme, 31 proposals were received from developers by the Slum Rehabilitation Authority, said a Government Resolution issued on Wednesday.

The SRA empanelled these developers based on their financial health and has divided them into three categories. Developers who have completed 10 lakh square feet of construction which is RERA registered in the Mumbai Metropolitan Region and whose projects have received occupancy certificate have been marked in the A category. Those in categories B and C were required to have completed 5 lakh sq ft and 2.5 lakh sq ft of construction registered with RERA.

The committee has been set up to study the various agreements between the developer and the financing agency, scrutinise the tenders received for a stalled project and take a decision or whether the same developer be allowed to complete it. Also, under the amnesty scheme the committee will also consider the proposal submitted by the authority or financing agency to complete a stalled project.

  • Published On Jul 13, 2023 at 09:36 AM IST

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