The BMC has submitted a proposal to the state government, requesting to be granted Special Planning Authority (SPA) status for all Slum Rehabilitation Authority (SRA) projects on its land. Currently, the state’s Slum Rehabilitation Authority (SRA) issues permissions for SRA projects across Maharashtra.

Mumbai is home to numerous slums, many of which are located on BMC-owned land. “We want to be the Special Planning Authority for SRA projects on BMC land,” confirmed BMC Commissioner Bhushan Gagrani to SquareFeatIndia.

The BMC hopes that, as the SPA for its land, it can expedite the development process, ensuring faster project implementation. However, some experts have raised concerns that this move could undermine the role of the SRA in the city’s redevelopment efforts.

The proposal has been sent to the state government and will be discussed once the new government takes office.

Also Read: Need for Housing Stock Through PPP: BMC Commissioner

You May Also Like

Important Ruling for Flat Owners: Bombay HC Says Small Groups Cannot Force Society Split Without Majority Yes

In a landmark verdict, Bombay High Court has quashed orders allowing a few members to split Jay Anand Co-operative Housing Society and take separate land papers, ruling that small groups cannot force bifurcation without 75% majority consent or genuine public interest.

Architect’s Certificate Cannot Replace Occupation Certificate, Rules Authority

MahaRERA has ruled that uploading Form 4 does not amount to project completion without an Occupation Certificate, ordering refunds with interest to homebuyers after prolonged delay.

🏗️ Realty Stocks End Week on a Festive High: Big Developers Shine, Mid-Caps Lose Sparkle as Diwali Momentum Fades

India’s realty stocks closed the week with modest gains — large developers like DLF and Godrej led on festive demand and strong earnings, while mid-caps lost steam amid profit-taking. As the Diwali glow fades, investors are betting on quality to carry the next leg of the rally.

🏗️ Realty Stocks Open Flat as Market Awaits Direction; Large Caps Steady, Mid-Caps Mixed

Realty stocks began the day on a flat-to-positive note, with large developers steady and mid-caps mixed. The sector remains in consolidation as markets look for intraday cues to set the tone.