MHADA or Maharashtra Housing & Area Development Authority have approached the respective state government for concessions under the SRA or Slum Rehabilitation Schemes for its upcoming housing projects in Mumbai and neighboring areas. This move of MHADA will help get a higher Floor Space Index (FSI) in lieu of certain benefits it promises to the SRA.
MHADA SRA Schemes
The projects undertaken by MHADA under SRA schemes include:
- Kole Kalyan, Santacruz
- Matulya Mills, Parel
- Modern Mills, Parel
- Mumbai Gas, Lalbaug
- Tilak Nagar
- Nehru Nagar, Kurla
All constructions and MHADA housing schemes are for the Lower Income Groups (LIG) and the Middle Income Groups (MIG) and priced accordingly. The MHADA flat rates have been kept between Rs. 6.5 – 9.5 lakhs and Rs. 15 lakhs for the categories. In lieu of this land, MHADA was supposed to handover 50% of the housing projects so developed to SRA.
The SRA hands over projects to local building contractors to construct mass projects. The builders misuse the land so allotted under the SRA schemes. Recently, there was intervention from MHADA in SRA builders projects with a threat from the MHADA officials to cancellation of the contract in case work on the site is not commenced within six months of the issue of letter of intent and the deadline of 24 to 36 months for completion of the project is not met.
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