Up next
Tags

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

SHARE ON
TwitterWhatsappFacebookBufferLinkedInPin It
You May Also Like
Marketing tips to battle lockdown in real estate

Real Estate: 6 marketing tips during Covid 19

Real Estate has been an industry where people see to believe what…

Cricketer Suryakumar Yadav Bought a ₹21.11 Crore Home in Deonar

Indian cricket star Suryakumar Yadav has made a major real estate investment, purchasing two luxury apartments in Godrej Sky Terraces, Deonar, Mumbai, for ₹21.11 crore. The spacious apartments, spanning over 4,200 sq. ft., come with six designated car parking spaces. With Deonar emerging as a prime residential hotspot, this purchase highlights the growing trend of celebrity investments in Mumbai’s premium real estate market. Read the full report on his latest acquisition.
luxury real estate

On day 1 of 2022, state collected Rs 48.48 lakh revenue

State government generated revenue of Rs 48.48 lakh from stamp duty and…
Logistics

India’s E-Commerce Industry Poised to Reach USD 550 Billion by 2035

India’s e-commerce industry is projected to hit USD 550 billion by 2035, according to a joint report by ANAROCK and ETRetail. The sector, valued at USD 125 billion in 2024, is expected to reach USD 345 billion by 2030. The report highlights a surge in online shoppers from smaller towns, with Tier 2 and 3 cities accounting for 56% of shoppers in FY2024. Additionally, mall vacancy rates have dropped to 8.1% in 2024, indicating a strong post-pandemic recovery in physical retail spaces.