The Bombay High Court ordered two developers to pay 110 million in transit arrears to a suburban SRA project, stating that this city is not for developers and that the Slum Rehabilitation Act (SRA) is meant to serve the goal of public welfare and not the developers.
In response to a suit filed by Shree Sai Pawan SRA CHS Ltd alleging that the two developers selected for the rebuilding of their society had not paid them transit rent since 2019, a division bench of Justices Gautam Patel and Neela Gokhale issued the observation on Monday.
The project to renovate a slum in Jogeshwari, a suburb of Bombay, was co-developed by Afcons Developers Ltd. and Ameya Housing Private Ltd.
Since 2019, more than 300 individuals who were qualified for apartments in the project have not received any transit rent. Of the 300, 17 were placed in temporary housing and were not receiving transit rent; nonetheless, these homes were likewise in poor shape.
Since 2019, the remaining 230 people have not received any transportation rent and have been left on their own. The court claimed that because of an unending arbitration between the two co- developers, no work is being done at the site.
"Developers are not welcome in this city. Developers are not intended for the Slum Rehabilitation Act. The Act is meant to promote the welfare of the general people.
Developers are a tool for achieving that "It looked.
According to the court, the developers are also entitled to a free sale component supplied by the incentive Floor Space Index (FSI), but only as long as they satisfy their contractual commitments. According to the statement, "Such obligations include not only rebuilding or building of the rehabilitation structures and tenements, both commercial and residential, but also the payment of transit rent or providing livable transit accommodations.
