SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

MHADA and SRA accelerate slum redevelopment with plans to build 25,000 housing units in Mumbai

#Top Stories#India#Maharashtra
Last Updated : 19th Feb, 2025
Synopsis

The Maharashtra Housing and Area Development Authority (MHADA) and the Slum Rehabilitation Authority (SRA) have decided to accelerate work on 17 slum redevelopment projects, aiming to deliver 25,000 housing units. The largest of these projects is the one in Malvani Malad, which involves 14,000 slum dwellers. Eight projects have already been reassigned due to issues under Section 13(2) of the Slum Rehabilitation Act. Feasibility assessments for five additional projects are ongoing. To ensure efficiency, officials have been directed to conduct biometric surveys, improve connectivity to project sites, and remove ineligible slum dwellers.

The Maharashtra Housing and Area Development Authority (MHADA) and the Slum Rehabilitation Authority (SRA) are set to expedite 17 slum redevelopment projects, jointly undertaking the construction of 25,000 housing units. Their collaboration will focus on verifying slum dweller eligibility, securing administrative approvals, and managing the tendering process. The largest of these projects is in Malvani Malad, encompassing 14,000 slum dwellers.


Of the 17 projects, eight have already been reassigned after action was taken under Section 13(2) of the Slum Rehabilitation Act, resulting in their withdrawal from the original developers. These include 12 projects in Goregaon, two in Bandra, five in Kurla, and two in Borivali-Dahisar. Feasibility studies are currently in progress for five additional projects. All these developments are being carried out on MHADA-owned land.

MHADA's initiative aims to generate approximately 25,000 new housing units. A recent review was conducted to determine the number of homes designated for project-affected residents. To facilitate the redevelopment process, MHADA’s Vice President and CEO, Sanjeev Jaiswal, instructed officials to conduct a biometric survey of all residents and deploy additional manpower for the task. He also emphasised the need to promptly remove ineligible slum dwellers from these projects.

For sites that lack adequate road access, MHADA and SRA will ensure connectivity is established. A structured timeline has been put in place to conduct biometric surveys of slum dwellers residing on MHADA land, with the aim of streamlining the redevelopment process. Jaiswal directed both agencies to synchronise their efforts and take immediate action on eligibility verification, administrative approvals, and tendering.

MHADA and SRA's renewed commitment to fast-tracking slum redevelopment projects is expected to significantly improve housing conditions for thousands of residents. By ensuring better coordination and efficient execution, these initiatives aim to provide sustainable housing solutions and enhance urban living conditions.

Have something to say? Post your comment