To ensure faster availability of housing for slum dwellers in Mumbai Metropolitan Region (MMR), the Maharashtra State Housing Ministry has announced a series of relaxations in its slum redevelopment policy. The government will also create a specific stress fund for stuck SRA projects. While the state government will infuse Rs 700-1,000 crore, the remaining funds’ requirement will come from SBI. This stress fund will be used for the completion of stuck projects of SRA.
The government with the help of government machinery under SRA will ensure that all slum dwellers vacate the land under development, once the developer has cleared 70 per cent of slums and if facing problem with the remaining non-cooperative slum dwellers.
Under Ease of Doing Business (EODB), the government has even reduced certain procedures. For example, a file that would move six tables now will require to go to three officials. Similarly, Annexure-II, the list with eligible slum dwellers will now be done by SRA. Earlier, it would require three organizations, including BMC, Collectorate, and SRA.
The government has also decided the rent to be paid to slum dwellers by developers while carrying out a redevelopment project. In Mumbai up to Bandra, the rent will be Rs 12,000 per month. It will be Rs 10,000 per month from Bandra to Andheri/Ghatkopar and Rs 8,000 per month beyond it. SRA has given out a total of 1856 LOIs to various developers for carrying out rehabilitation projects.
Further, along with the premium relaxations, the approvals timeline has been drastically reduced at all stages by Slum Rehabilitation Authority (SRA), which is the nodal agency under the Housing Ministry to implement the slum redevelopment scheme. The new premium structure would also ensure clubbing of SRA projects in the city zones which were stalled owing to non-feasibility factor.
The on-going construction of rehab buildings in SRA projects will not be issued stop-work order except in cases of specific orders from High Court. Earlier, Annexure 3 was required before LOI which is now needed before CC, whereas, project proposals will be accepted in 15 days after relevant NOCs excluding the NOC from the finance department.