State-run body to be merged with SRA

The state-owned company Shiv Shahi Punarvasan Prakalp, which was created to ensure that the Slum Rehabilitation Authority (SRA) quickly implements projects by supporting developers financially, could be merged into the SRA.

Previously a division of the Maharashtra Housing and Area Development Authority (Mhada), Shiv Shahi was incorporated as a legal entity in 1998 under the Companies Act 1956 as Shivshahi Punarvasan Prakalp Ltd. (SPPL).

However, after more than two decades, it could not achieve its goals, which led to the proposal to merge it with the SRA. Satish Lokhande, the CEO of SRA, confirmed the merger and said: “The proposal has been accepted by the State, while an official government resolution from the office of the Chief Minister is awaited.

He added that the SPPL has about 3,000 permanent transit buildings. Lokhande said that once the merger is complete, the SRA can use this transitional housing stock to accommodate those who have not received rent from developers in recent years under incomplete or discontinued programs under the regulations. on Developmental Control (DCR) 33(11).

It is also believed that SPPL can be turned into the rehabilitation wing of SRA. “However, an order is yet to come,” Lokhande said.

At present, not a single slum rehabilitation and redevelopment project is underway. Therefore, the merger cannot be disrupted, clarified the CEO of SRA. When asked if SPPL had recently put out a tender inviting private developers to award transit accommodation on a leave and license basis, he replied that the SRA would.

Meanwhile, given the adequate stock of transit accommodation available with Shivshahi, Building Repair and Redevelopment Council MHADA Mumbai has now requested to give them 500 units that can be used to accommodate residents staying in unsafe buildings, in particular those which will be declared before. the start of the monsoon.

(To receive our E-paper on WhatsApp daily, please click here. We allow the PDF of the paper to be shared on WhatsApp and other social media platforms.)

Posted: Saturday, May 14, 2022, 11:47 a.m. IST

About Charles D. Goolsby

Check Also

Variable Capital Companies

By Shianee Calcutteea, Partner; Sahirun Subadar, Associate and Vartika Sahai, Legal Executive at Bowmans Mauritius …