Maharashtra to reallocate stuck slum projects to new builders

30 Apr 2022 CW Team

Maharashtra is set to reallocate stuck slum redevelopment projects to new builders in a move that can potentially give relief to up to 40,000 families.

Nationalist Congress Party (India) (NCP) leader and minister Jitendra Awhad told the media that the Slum Rehabilitation Authority (SRA) has cancelled 520 such stalled projects. It would be handed over to new developers after evaluating their financial strength and commitment to take it to a logical end as an amnesty scheme.

Such builders have raised money from financial institutions and for such projects before disappearing and pegged the quantum of money, which is stuck at Rs 35,000 crore, Awhad said.

The minister is aware of builders who have not worked on projects for up to 10-15 years, studying for developers to hand over the project and attempting to make a quick buck.

Newer slum development for gaining floor space index (FSI) will also not be tolerated, which is adopted by many builders.

Awhad said that the state is looking at creating a 26-acre land parcel on which a slum stands in Colaba in South Mumbai and will be looking to collaborate with realty developers for the same.

The minister announced that developers redeveloping Mhada buildings will not have to pay stamp duty upfront and will now be able to pay the sum in a staggered way till the occupation certificate to a project is issued.

The government is keen to improve the pace of project clearance and is working on digitisation and automation to make the whole process free of human intervention in the next six months, Awhad said.

The NCP minister asked corporate entities like Tatas to come forward and create a modern hospital on a 9,000 sq m land plot held by the state government on which it aims to have a healthcare facility.

Image Source

Also read: SRA to launch amnesty scheme to revive 380 stalled slum projects

Infrastructure Urban

18 Jul 2025

Naidu Seeks Rs 563 Crore For AP Sports Infrastructure

Andhra Pradesh Chief Minister N Chandrababu Naidu has sought Rs 563 crore from the Centre to boost sports infrastructure in the state, including Rs 538 crore for stadium development and Rs 25 crore to host the Khelo India Martial Arts Games 2025. Naidu made the request during a meeting with Union Youth Services and Sports Minister Mansukh Mandaviya in New Delhi on Wednesday.The CM urged early completion of Khelo India infrastructure projects in Tirupati, Rajahmundry, Kakinada, and Narasaraopeta, and called for an international-standard badminton training centre and a national aquatic sports hu..

Tough Bidding Norms Slow NHAI Road Project Awards

Stringent bidding rules imposed by the Ministry of Road Transport & Highways (MoRTH) have led to a slowdown in project awards by the National Highways Authority of India (NHAI), despite a robust Rs 3.5 trillion pipeline. According to an HDFC Securities report, the shift to more cautious developer models now favours firms with strong balance sheets, as tighter qualification norms limit aggressive bidders.The revised norms mandate additional performance security, targeting the exclusion of players that previously submitted low bids—often 25 to 40 per cent below NHAI cost estimates—raisin..

Mumbai Gets Coastal Nod for Next Promenade Phase

As Mumbai prepares to open two major sections of its expansive seafront promenade this week, the city’s civic authority has secured a key coastal clearance to advance further construction. The Maharashtra Coastal Zone Management Authority (MCZMA) has approved the commencement of work on the segment between Haji Ali and Baroda Palace, with tendering expected soon after project cost assessments.The promenade, stretching 7.5 km in length and 20 metres wide, is being designed as a flagship open space for walkers, joggers, and cyclists. Two critical stretches—2.75 km from Tata Garden to Haji Al..