Maharashtra Aims To Bring SRA, Mhada Under RERA’s Ambit

Maharashtra Aims To Bring SRA, Mhada Under RERA’s Ambit

Maharashtra Aims To Bring SRA, Mhada Under RERA’s Ambit
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The Maharashtra government has written to the Centre asking it to amend the Real Estate (Regulation & Development) Act, 2016 and bring under the ambit of the law the state-run Slum Rehabilitation Authority (SRA) and the Maharashtra Housing and Area Development Authority, DNA has reported. With this move, the state aims to keep a check on delays and ensure timely delivery of projects by these development authorities across the state.

According to 2011 Census, there are over 51 lakh slum dwellers, 11 lakh tenements in slum pockets and 104 Mhada buildings to be redeveloped in Mumbai.

This move would help make these authorities more accountable towards their beneficiaries, ensuring they are delivered their units in time, state’s housing minister Prakash Mehta was reported as saying in the DNA report.

According to Mehta, under the SRA scheme, the developers have access to the free-sale component, allowing them to sell certain units in the open market. This has been one of the common causes of delays in delivery of apartments to the actual beneficiaries as the developers are more focussed on developing the open-market units. However, coming under the purview of the Real Estate Law, developers will have to adhere to the set deadlines.

Also read: Things To Know When Buying Slum Rehabilitation Authority Flats

The Central law, according to Mehta, so far, does not have a provision to regulate such authorities as these are exclusive only to Maharashtra, a state that has implemented the law in both the letter and the spirit. So, for such a provision to be added to the Central law, an amendment will have to be passed in the Parliament, Mehta adds.

Also read: All You Need To Know About Mhada Lottery 2018

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