PROPi.IN
Guest
Login
Register

Mhada and SRA to Fast-Track 17 Joint Slum Rehabilitation Projects, Targeting 25,000 Homes

Log in Register
Home Mhada and SRA to Fast-Track 17 Joint Slum Rehabilitation Projects, Targeting 25,000 Homes
info@propi.in 9819311244
About PROPi
Account Activation Terms of Service Disclaimer Privacy Policy Refund Policy
About Us Contact Us

Mhada and SRA to Fast-Track 17 Joint Slum Rehabilitation Projects, Targeting 25,000 Homes

Mhada and SRA to Fast-Track 17 Joint Slum Rehabilitation Projects, Targeting 25,000 Homes

Mhada and SRA to Fast-Track 17 Joint Slum Rehabilitation Projects, Targeting 25,000 Homes

In a major push for urban redevelopment and improved living conditions, the Maharashtra Housing and Area Development Authority (Mhada) and the Slum Rehabilitation Authority (SRA) have announced plans to expedite 17 joint slum rehabilitation projects across Mumbai. The initiative is expected to generate approximately 25,000 housing units on Mhada-owned land, providing a significant boost to the city's affordable housing drive.

The joint effort will streamline the redevelopment process by coordinating on critical aspects such as slum dweller eligibility verification, securing administrative approvals, and managing the tendering process. Among these projects, the Malvani Malad redevelopment stands out as the largest, covering 14,000 slum dwellers.

Of the 17 projects, eight have already undergone actions under Section 13(2) of the Slum Rehabilitation Act, which resulted in the withdrawal of the original developers. These affected projects are spread across key areas, including 12 in Goregaon, two in Bandra, five in Kurla, and two in the Borivali-Dahisar region. Feasibility assessments for an additional five projects are underway, further underscoring the extensive scope of this initiative.

In a directive to accelerate the process, Mhada's Vice President and CEO, Sanjeev Jaiswal, has instructed officials to conduct a biometric survey of all residents on the project sites. This survey will help verify eligibility and ensure that ineligible slum dwellers are swiftly removed from the redevelopment rolls. Furthermore, for sites that currently lack proper access roads, both Mhada and SRA have committed to providing the necessary connectivity to support future development.

This coordinated approach by Mhada and SRA is anticipated to not only expedite the construction of new housing units but also enhance transparency and efficiency in the slum rehabilitation process. By addressing key administrative and infrastructural hurdles, the initiative aims to transform the lives of thousands of Mumbai's underprivileged residents and set a benchmark for future urban redevelopment projects in the state.

Next Article : Arkade Developers to Redevelop Nutan Ayojan in Malad West with GDV of Rs 740 Crore
Previous Article : Celebrity Couple Zaheer Khan, Sagarika Ghatge Acquire Luxury Apartment in Mumbai for Rs 11 Crore
About the author
Sandeep Sadh

About Sandeep Sadh

Sandeep Sadh has been in the real estate business since 1993 in Mumbai. He has expertise in Buying, Selling, Leasing properties in Mumbai and a deep understanding of legal and tax related matters due to his experience.

Summary

Over the years, he has experienced the City's growth. He has been a columnist in the Times of India with numerous articles, which bring about a clear picture of the real estate market in Mumbai. He is a regular on NDTV, CNBC, ET Now Real Estate and Zee News, giving his experienced quotes as and when required.

Sandeep Sadh has used information and technology since the year 1998 and now what people call it Prop Tech to cater to the needs of Home Buyer, Seller, Investor and Corporates, HNI and NRI looking to Buy/Sell or Lease their properties in the Mumbai Property Market.

Sandeep has a holistic experience of real estate be it Leasing an Apartment for your CEO in the most upmarket buildings, to enter into a long lease for your office in Mumbai in prime buildings or an Investment in good projects with a detailed analysis keeping in mind the Demand and Supply and other micro factors of the project/property.

Sandeep Sadh has developed a few websites like www.mumbaipropertyexchange.com, www.realestatemumbai.com, www.propi.in which augment the real estate consulting business.

Right from Investments in Primary Markets to Selling, leasing and specializing for NRI’s all over the world. He is an expert in NRI Home Buying and Selling and has a good understanding of the Income Tax laws pertaining to Selling a Property and Repatriating funds overseas or reinvesting based on Capital Gains etc.

Experience

  • Residential Leasing
  • Commercial Leasing
  • Residential Home Buying
  • Commercial Property Buying
  • Investment Properties with complete Property Management as your Real Estate Family office

While transacting in the above segments, he has complete experience and deep understanding of the paper work, his areas of expertise are :

  1. Drafting of the Leave and License Agreements
  2. MOU for Buying/Selling Properties
  3. Drafting Agreement for Sale
  4. Gift Deeds
  5. Computing of Capital Gains with current ready reckoner values
  6. Drafting of Supporting Power of Attorney.

As an add on Service, Sandeep Sadh has tied up with various Professionals like Lawyers and Chartered Accountants who add value in transacting and specially services for Non Resident Indians.

Application to Income Tax for Lower Tax Deduction Certificate – Through a qualified CA and keeping a grip on the traction so that the remittance back to Non Resident Indians after Selling the property is seamlessly transferred.

You can connect with Sandeep Sadh on ssadh@mumbaipropertyexchange.com

LinkedIn - https://www.linkedin.com/in/sandeepsadhmpe/

Recent News