What is slum rehabilitation scheme?

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The Government of Maharashtra has launched a comprehensive slum rehabilitation scheme by introducing an innovative concept of using land as a resource and allowing incentive floor space index (FSI) in the form of tenements for sale in the open market, for cross-subsidization of the slum rehabilitation tenements which …

What is minimum area for SRA scheme?

322 square feet
The decision is being taken as the minimum area mandated under the Pradhan Mantri Awas Yojana (PMAY) for houses for urban poor is 322 square feet. This means any scheme under the Slum Rehabilitation Authority (SRA) will now make slum dwellers eligible for free houses of 315-322 square feet area.

Can I get home loan for SRA flats?

Buyers of SRA flats are eligible for home loans. However, banks fund the purchase of such flats only when the lock-in period is over and all necessary approvals from concerned authorities have been obtained.

What is the rule of SRA?

Under the SRA scheme, slum-dwellers get houses free of cost but they can’t sell or rent them out for 10 years. If sold after the lock-in period, the state government is entitled to an amount equivalent to stamp duty or Rs 1 lakh, whichever is higher.

What is the difference between mhada and SRA?

In lieu of this land, MHADA was supposed to handover 50% of the housing projects so developed to SRA. The SRA hands over projects to local building contractors to construct mass projects. The builders misuse the land so allotted under the SRA schemes.

How do I transfer my SRA flat before 10 years?

the procedure is you have to prepare a title deed viz., gift deed etc., and to submit it along with photo form, id and residential proofs along and required registration, stamp both executant and the claimant should appear before concerned registration authority or sub registrar.

Which is carpet area?

The area in the flat or the apartment, which you could cover using a carpet, is the carpet area. Also known as the net usable area, the carpet area is actually that space in your home, which can be used for laying a carpet. It includes the thickness of the internal wall but excludes the balcony or terrace.

Can SRA flats be sold before 10 years?

The SRA Mumbai flats can be sold after 3 years of demolition of hutment. If the SRA building is sold after 10 years, the state government is entitled to get a share in the sale value.

What is the full form of SRA?

SRP/1095/CR37/Housing Cell, dated 16 December 1995 and through necessary statuary amendments has established Slum Rehabilitation Authority (SRA), Mumbai to serve as Planning Authority for all Slum areas in the jurisdiction of Municipal Corporation of Greater Mumbai.

Can SRA flats be sold after 5 years?

Can you sell SRA flats after 5 years? No, SRA flats have a lock-in period of 10 years.

Is Rera applicable to SRA projects?

Once RERA is applicable to rehabilitation projects of SRA and MHADA, builders will have to get bank guarantees and other assurances. They cannot exit the project midway.”