Mumbai: Financial scrutiny of builders now must in slum revamp projects

Mumbai: After a number of redevelopment projects being stalled due to lack of finances, the Slum Rehabilitation Authority (SRA) seem to have learnt a lesson from these mistakes. The SRA will now check the financial status of the developer in the first stage itself and only then will give the builder the redevelopment project.

This information was shared by Ravindra Waikar, the state housing minister. There are different annexure in the slum redevelopment project, mainly, the annexure-2, wherein the eligible slum dwellers are listed. Waikar confirmed, the officials at SRA have been asked to scrutinise the annexure 3-B first, which is now made mandatory. Earlier, this was not mandatory, which now will be strictly implemented.

“This rule is important when a builder undertakes more than one project. These financial details will ascertained to ensure the developer is capable to handle more than one project simultaneously,” said Waikar. Speaking to the media Waikar shared information of builders taking up multiple redevelopment projects and have been left incomplete.

Meanwhile, speaking of slum redevelopment, the minister confirmed, the state government is planning to legitimise the purchase of houses from slum dwellers. These houses are allotted free of cost to the slum dwellers and they make a profit after reselling to buyers.

In fact, the current rules debar slum dwellers from selling their houses for the initial10 years. However, many have sold them giving the purchasers the power of attorney. This has now made the government realise that the resale is being done on a large scale. The government will now regularise these redeveloped dwellings under the Abhay Yojna.

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