Jitendra Awhad: SRA will take over abandoned projects, Builders welcome move
Jitendra Awhad: SRA will take over abandoned projects, Builders welcome move
Housing Minister Dr Jitendra Awhad said, “#SRA plans to take over all projects which are at stand still and have taken big fat loans from financial institutions and left the poor on the streets
The very aim is to give homes to the poor and pump in money for #SRA
Just having #LOI does not make u the owner of the property”
Dr Niranjan Hiranandani, National President, NAREDCO said, “the decision by Maharashtra Housing Minister Shri Jitendra Awhad on delayed SRA projects is a step towards resolving long-pending issues relating to 550 such projects.
“These SRA projects have been lingering for numerous reasons, but the Hon’ble Minister has proposed a solution which should see quick resolution of all long-standing disputes between stakeholders in these SRA projects. It will help financial institutions to recover funds locked up in such delayed and stalled SRA projects, while also ensuring that home seekers get their long due homes. The expectation is that the hon’ble minister will also ensure that developers whose SRA projects are in problems for no fault of theirs, will also be safeguarded. Out of the box solutions work as a solution, and in the case of these 550 SRA projects, hopefully, we should see a positive turnaround” he concluded.
Most important thing for various authorities is to streamline the process in a time-bound period of approvals, vacating slum structure for construction purpose and other issues.”